Dredin Consulting harnesses the business expertise, skills and wisdom of our consultants, making our services available to small business owners in small and medium enterprises in South Africa. This holistic approach includes building targeted capabilities and then guiding business owners to translate what they have learned into their daily work processes to solve business problems more effectively. Although each business owner’s program is custom built, they are all based on these core principles:
- focus on the capabilities and behaviours linked to those factors that drive value for the business
- address both company’s and individual capability-building needs
- tailor programs to an company’s unique starting point and specific requirements
- leverage real work complemented by experiential and other learning
- scale and institutionalise capabilities through processes, tools, and people.
The mix of discussion and best-practise exploration, on-the-job coaching, and self-discovery ensures that participants have the opportunity to understand and practice new skills and achieve their learning goals. Our program is integrated into a client’s business existing processes, from talent and performance management to line organisations’ ways of working. As detailed in our case studies below, our approach consistently improves bottom-line results while strengthening the business capability foundation.Our consultants have proved themselves successful in their business and careers, and support the endeavours of Dredin Consulting to provide a service of high standards and quality. Our consultants are prepared to make time available to assist small business owners to improve the efficiency, profitability and growth of their businesses.
All our consultants subscribe to Dredin Consulting Code of Ethics which ensures that the principles of integrity, good faith, confidentiality, impartiality, incorruptibility, accountability and professional conduct, will be adhered to. This added value-service is available in Gauteng, Kwa-Zulu Natal and Eastern Cape where we have infrastructure capabilities and support.Mentorship and business support services is a proven practice, worldwide, whereby business owners and business problems are diagnosed, expertise shared, solutions sought and guidance given.
We aim to provide on-going counselling and support, based on our experience, knowledge, skills and wisdom. Dredin Consulting has the capacity to fulfil the role of a mentor to the small business owner, which implies that the full spectrum of functions of managing a business will be covered, depending on the nature and size of the business. Apart from advising on and assisting with basic and practical functions of management, Dredin Consulting will be involved in problem diagnosis, investigations, formulating solutions, recommendations, appropriate actions, coaching, implementation and follow-up.
Dredin Consulting will provide specialised assistance with specific management functions and areas such as budgets, administration, credit control, cash flow, information systems, marketing, human resources, production, and other business activities such as expansion, construction, installing a new plant or an accounting system where specialised expertise which is not internally available, is needed for a short period of time. Dredin Consulting with specific knowledge of businesses have the skills required for sectoral assistance — for example, to assist a specific type of business such as a restaurant, hotel, building material, accounting firms, ICT firms, supermarket, garage, or businesses in manufacturing, trading or services industry.
Dredin Consulting have experience to get involved in businesses in financial trouble, to assist in turning these businesses around to profitability. This would be short to medium term intensive involvements.Dredin Consulting’s approach to due diligence depends on the type of transaction and what the mentorship is intended to be achieved. Our due diligence approach depend on the type, which includes:
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- Commercial – review of industry, market and business model of the issuer.
- Reputational – review of credit worthiness and reputation of individual counterparties.
- Financial – review of tax, financial position, policies and internal controls.
- Information Technology – review of IT systems, processes and hardware
- Legal – review of documentation to identify potential legal issues that may be risks/impediments to the (i) transaction or (ii) in the general operations of the issuer, that may affect the value or consideration in connection with the transaction.