B2M Retail Distribution and Projects
Impact of your enterprise on sustainable development
I have operated this business concept with my mother since August 2015, in the process we have employed 8 youths and 3 elders. Initially, we subcontracted our products, behaving as third parties in the distribution agreement. We now seek to go alone, cutting out the middle man and talking to the supplier directly. This we have been doing during the course of 2016. Other than talking to our suppliers, we have also undertaken supplying primary school feeding schemes with affordable prices in vegetables and meat products. Our business concept will be bringing products in the townships at cheaper prices because we will be purchasing them in bulk. Our feeding scheme contract with the government will allow us to help the government feed the previously disadvantaged children within our targeted townships. Other than the government we are in talks with five major suppliers in South Africa who sell their products in the townships to informal shop owners.
Sustainability and future plans
The main objective of B2M is to formulize an otherwise extremely informal retail sector. There lies a gap between big businesses and those operating in the townships. We look to breach that gap and exploit it for the potential that it possesses. Throughout the business plan, we will show you that this is a possibility, that we have tested the waters on this business concept and prove to you that its a viable business idea. We will look to sustain our current target market with unbeatable prices and then move on to other townships around the country. So far we have targeted to regions within our provinces and will look to expand to the rest of the province first. We have family shops in two other areas around the province, this means that we will not be purchasing buildings into the areas in which we will look to expand into. Our business model is to create business hubs from within the townships, in every township in the country.
Your profile as an entrepreneur
I Boitshepo Monaledi, am a youth born and bread in the township of Tembisa, South Africa. I have attended the Vaal University of Technology and Damelin College. After completing my studies at Damelin, I took a gab year to focus on my business plans for the family businesses. This is what brings me to this application. More than anything I look to familiarize myself with other entrepreneurs around the world in order to grow as a future business leader. I am the third generation to overlook the day to day operation of the businesses, which were just typical retail stores until I changed the core functions of the businesses from a Supermarket and a Butchery to a distribution company. I have been involved in some capacity within the family businesses since 11 years old. 15 years on, I find myself in a leadership position reinventing the core functions of the businesses.