Doing due diligence
Shahied Ismail, owner of Oubaai Car Wash in Eden, Western Cape, probably made the best decision about his enterprise before it even existed. That was the decision to consult Seda for advice on getting his ducks in a row before taking the plunge into establishing the enterprise.
A critical planning exercise was conducted with him to assess the viability and sustainability of the envisaged venture; he was assisted to understand the financial management issues of a business, costing of services and marketing of the business.
The Car Wash was launched in November 2010 and within six months of operation they were able to open another branch, employing 5 people in both operations. Each branch services 8 to 10 cars per day and at the last count their loyal customer base stood at 120! Doing your due diligence truly pays off.