Glossy Giggles (Pty) Ltd
| Business Location: | Township |
| Province | North West |
| Branch: | Dr Ruth Mompati |
| Business Start Date: | 2024-06-27 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
At the moment the company's product is undergoing development. While in that process the owner decided to supplement operations by selling slush products, popcorns, and eggs. Although this is not the main business of the company it has managed to produce revenue to sustain the owner. The owner raised funds and bought her equipment for this business venture.
Challenges/Needs:
The delay in production of the lip gloss is a challenge to the business. The owner indicated that there is potential market which could be lost due to this delay. The business could benefit from acquiring dedicated production facilities for their operations once the product has been developed.
Intervention Insights and Results
Intervention Details:
The business was assisted with the development of a business plan and assisted with the application for asset assist programme. The owner was given advisor to further the business and diversify.
Outcome Details:
The business was approved the amount of R249 325 through asset assist to develop and produce their lip gloss. Through sales made from additional activities they managed to secure R17000 in revenue and sustained their previous jobs.
Client Feedback
Client Comments:
I'm really happy that my product will finally be developed.
