Stoi Business Consultants is a management consultancy that offers business management systems to Small and Medium Enterprise (SME) as well as Private and Public organization dedicated to assisting SME’s. The need for these services emanated from the high failure rate of SME in South Africa. At Stoi Business Consultants we have been in the business of assisting SME better administer their business process through the following service: Business Development and Administration, Feasibility Study, Due Diligence, Business Plan Training, Marketing Strategy and Plan, Bookkeeping, Financial and Tax Administration
According to The Department of Trade and Industry 76% of start-up business fail within the first two years of operations. On the other hand the survival rate of franchise business and start-up up business who receive extensive support in a form of incubation and tried and tested systems is close to 87% according to Tracy Kitts COO of the National Business Incubation Association. The large failure rate is largely attributed the following: