ENTERPRISES DEVELOPMENT

The most common characteristics of Small, Micro and Medium Enterprises (SMMEs) are lack of business management skills and unfamiliarity with management techniques to deal with problems of an enterprise.  These include poor or lack of financial and non-financial record keeping, inadequate internal administrative controls, lack of marketing knowledge and skills, inefficient production systems, lack of financial control systems and, a general dearth of business acumen, sensitization to the business culture and inability to handle market shrewdness.

In order to address this situation, the department of Enterprise Development (ED) conducts feasibility studies, investigates, formulates and facilitates the establishment and expansion of Basotho owned business undertakings.   These are conducted through the provision of business management entrepreneurial training, technical training for small manufacturing projects, design appraisal, monitoring and problem diagnosis of projects, as well as assisting the SMMEs to access financial assistance.  The department has also embarked upon the modern techniques to strengthen their project profiling through networking with institutions that do similar work and, information gathering by using the Internet.

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