Local launch of top business accelerator programme
20 November 2019 | Web Article Number: ME201917222
THE Entrepreneurs’ Organisation (EO), a global, peer-to-peer network of more than 14 000 business owners with 193 chapters in 60 countries, has launched its Durban Accelerator Programme.
For entrepreneur and motivational speaker, Cindy Norcott, owner of Pro-Appointments and Pro Talent and the local representative for the EO Durban Accelerator, the November 15 launch couldn’t have come at a better time for local businesses.
She said the programme, which was “created by entrepreneurs for entrepreneurs” in 2011 has been rolled out worldwide, chapter by chapter. This is the first time that it will be available in Durban.
“So many of our potentially vibrant local businesses are focussing on the negative right now. But we know that they need to grow and develop and to move to that next level. This programme, which has been developed by EO members in partnership with the Gazelles Business Coaching Organisation which focuses on scaling businesses, is the perfect way to catapult a business from first to second-stage,” she said.
The overall aim is to get graduates to hit that all important $1 million annual turnover mark to qualify for full membership of EO.
The programme, which runs for, on average, 24 months, is open to founders, owners or controlling shareholders of businesses with gross revenues of over US $250 000 (approximately R3,5 million) per annum.
It includes quarterly learning events facilitated by EO members with EO content that encourages participants to focus on working “ON your business, not IN your business,” Norcott said.
Accountability groups, headed by an EO leader, each with four to six participants, meet quarterly and focus on goal setting and accountability.
The overall aim is to develop a million-dollar focus plan that will allow each participant to set and track goals and progress.
Norcott said EO’s Durban Chapter is looking forward to welcoming its first graduates.