In support of post- apartheid legislation’s “self- help ideology”, Letsatsi Solutions is dedicated to developing cooperative enterprises by equipping them with tools to drive their own economic activity. This is aligned with a nationwide vision to propel cooperatives and small enterprises into growing their own local communities and enhancing their local economies.
Our support is offered through training workshops and training interventions that follow a thorough step-by- step process. The process firstly assesses the cooperative, deduces a diagnostic from this assessment and then uses this diagnostic to design a training course that meets their needs.
The process is outlined as follows:
A thorough business/opportunity analysis is conducted to avoid misjudgement of target market or industry and to identify compelling customer benefits and economic viability.
The environmental analysis identifies the specific training needs for each cooperative. Because the range of cooperative types is multiple each set of cooperatives may require a different training plan. A diagnostic is thus deduced and a training outline is customised and tailored for the cooperative. This training course includes the skills, tools and knowledge that are of relevance to their developments. Mentorship is also allocated accordingly.
Letsatsi also assists cooperatives in establishing their enterprise by obtaining their registration and legislative compliance. This administrative support includes registering with the CIPC, submitting funding applications to the DTI, adding a new member to the CIPC or changing a cooperative’s name. Letsatsi has established and registered up to 1500 cooperatives with the CIPC and has assisted many cooperatives in successfully obtaining equipment for start-up with the DTI.
Letsatsi’s cooperative development service is optimised through the advent of our technology driven administrative system. This additional service was created as a solution to reverse the high mortality rate of cooperatives in South Africa. Despite the plethora of cooperatives formally registered each year only a small margin survives. The administrative system provides a means to assess why a cooperative is failing upon entering the market and allows us to examine how these problem areas can be rectified.
We are of the firm belief that a cooperative’s success is not just based on the knowledge or skills they acquire in training but also the application of them. A mere evaluation of their knowledge is not truly indicative of how they will produce a stream of income to be successful.
Our definition and evaluation of a cooperative’s success is therefore multi-layered built on the premise that training and course satisfaction leads to learning, applied learning creates a business impact and business impact results in return of investment.
Our administrative system quantifies a cooperative’s success by calculating their return on investment. The cooperative is instructed to keep financial records for data capture. These records include their income statements, expenditure statements and financial forecasts. The administrative system consolidates this data for the cooperative’s mentor to analyse.
Upon analysis the Letsatsi mentor is able to make an informed decision on the course of action to correct the cooperatives failures. This process continues and repeats itself until the administrative system reflects improved results.
This diagnostic- course of further action- evaluation cycle redefines what it means to offer cooperative support. Cooperatives are expected to perform in the market but it is understood that they will encounter many shortfalls. Letsatsi seeks to address these shortfalls each and every time before they compound into irrevocable failure.