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In The Beginning phase, entrepreneurs can begin their journey towards business ownership with little to no financial investment. This phase focuses on commitment and dedication, allowing individuals to demonstrate their passion and drive. UCAN plays a vital role in providing support, resources, and mentorship, empowering entrepreneurs to start their welding services business. By partnering with UCAN, these entrepreneurs can access the necessary tools to transform their ideas into viable enterprises. The Beginning phase not only benefits the entrepreneur but also has a positive impact on the community by fostering economic activity and creating opportunities for growth.
As entrepreneurs progress to the Starter Pack phase, an investment of R2 000 propels their business towards expansion and success. UCAN offers comprehensive support, including financing options, essential resources, and mentorship, enabling entrepreneurs to establish a solid foundation for their welding services business. This phase sets the stage for growth and profitability, leading to increased employment opportunities within the community and stimulating economic development. Collaborating with UCAN, entrepreneurs gain the confidence and expertise needed to navigate the challenges of business ownership and contribute to the local economy.
The Micro Friendchise phase represents a significant milestone for entrepreneurs, allowing them to explore micro-commercialization opportunities. With an investment of R49,000, entrepreneurs can expand their welding services by opening multiple stores, diversifying their offerings, and even selling franchise opportunities. UCAN’s role is to provide ongoing support, guidance, and expertise to ensure the success of these ventures. This phase creates a network of interconnected businesses, empowering entrepreneurs to thrive while simultaneously creating employment opportunities and contributing to the economic growth of the community.
In the Boza phase, entrepreneurs make an investment of R250,000 to achieve full commercialisation and expand their welding services beyond geographical boundaries. UCAN continues to collaborate with entrepreneurs, facilitating access to resources, financing, and mentorship. This phase generates a greater influx of customers, driving economic activity and establishing the entrepreneur’s business as a key player in the market. By supporting entrepreneurs in the Boza phase, organisations contribute to the creation of sustainable livelihoods, fostering economic activities within communities, and promoting an ecosystem where people support and grow each other.
