Points Mean Something – EconoBEE Newsletter – 17 November 2010

EconoBEE - BEE Points = Business

BEE points can mean so much to a business. BEE points means a good scorecard, which means more business, which means success. BEE Points could mean True Empowerment which could translate into developing an underprivileged school or helping a child eat for the day. BEE points could mean assisting a good business grow or training staff or creating employment opportunities.

Contact us and we will help you earn more BEE points.

BEE Points Mean Something!

Imagine watching your favourite team play rugby and at the end of the match, a panel of experts gather to decide which is the better team. They then award the World Cup trophy to the team they think is best.

It would be ridiculous.

Rugby is a game with rules. The rules are enforced by the referee. Each team, and coach work out strategies beforehand to find weaknesses in the other team to find a way to score points. Depending on the team, conditions and players your team will win the game by scoring the most points – be it via tries, conversions, penalties or drop goals. A game has a specific duration, rules, players and methods of scoring. To score points takes 5 or 10 minutes, or more and is earned by following the required strategies.

Now B-BBEE: B-BBEE has many more ways of scoring points, 7 elements and over 30 indicators, all of which contribute towards earning points. Companies appoint consultants like EconoBEE to prepare and coach them and when they are ready apply for a verification. The point (pun intended) is that BEE points are an excellent indication of transformation. Earning points is the only way to give every company a level playing field, which is later objectively compared to other companies, but importantly, consistent all round.

You don’t earn points by “giving your business” to someone else. You don’t earn points by doing “non-transformational” activities. The only way to earn lots of points is by contributing to social development, growing businesses, supporting good businesses, creating skills and then nurturing them and finally creating employment.

To earn points shows commitment to many aspects of society and the economy – that is why BEE is “broad-based”. It shows commitment to charitable institutions, to helping grow businesses, to training your staff, to improving employment equity, to finding ways of helping suitable business people get involved in ownership. While it may sound complicated, the rules for points even include involving women and disabled. To say that this is not true transformation is not true.

In a way B-BBEE is therefore similar but more complex than a simple game of rugby. It has to be – it has to try to improve the lives of all South Africans. Anything less than using a scorecard would not be able to measure the impact of various activities.

Many management experts have used the phrase: “If you can’t measure it, you can’t manage it”, and in the case of B-BBEE, this is very applicable. One company that achieves a level 3 can be fairly regarded as having a better B-BBEE score, and better credentials than a level 4.

The points do matter. Points are an excellent way to monitor and manage transformation. Visit our website and get little known tips & tricks to earn BEE points in a meaningful way, satisfy customers and grow your business.


    BEE Procurement & Enterprise Development

    11 November 2010, marked the date of our BEE Procurement & Enterprise Development conference in Johannesburg. We are presenting in Cape Town on 18 November 2010 and in Durban on 25 November 2010.

    The Johannesburg event received an overwhelmingly positive review. If you missed the event why not contact us and we can present a custom course, in-house and tailored to your needs.

    Bookings are still open for Cape Town and Durban.


    Tony Blewitt of Classic FM talks to Keith Levenstein, CEO EconoBEE

    Keith Levenstein, chatted to Tony Blewitt about Broad Based Black Economic Empowerment and fronting. The interview is available here.

     


    How to be “verification Ready” and earn more points?
    Not sure how to get a BEE Scorecard, click here to see a demonstration of how best to produce your own BEE scorecard.


    While there is demand for a B-BBEE Scorecard someone will be taking advantage, shouldn’t that someone be you…


    Want us to manage your BEE Process – simple 10 steps to BEE Compliance.

    Use our pre-prepared “Verification Ready” documents and templates in your business – contact us for more.


    Turnover below R5 million – find out how to get your BEE Exemption.

    Is BEE procurement a pain? Sort it out quick and easy – click here.

    EconoBEE Newsletter
    17 November 2010

    In this issue

    • BEE Points Mean Something!
    • BEE Procurement & Enterprise Development
    • Tony Blewitt of Classic FM talks to Keith Levenstein, CEO EconoBEE

    In other news

    About EconoBEE

    EconoBEE is an expert BEE consultancy. EconoBEE helps businesses Become BEE Compliant, prepare for verification, earn maximum BEE Points and ensure that they achieve the BEE Level they need to get more business.

    Our services include BEE Management Systems, Training, EME Pack, Completely Managed Services; consulting and advisory and Procurement Solutions.

    As leaders in the industry we are driven to help maintain and develop knowledge in the BEE industry.


    Already have a BEE Certificate?

    Please send it to us and we will include it in our BEE Procured database.


    Contact Us

    Tel: 011 483 1190
    Fax: 011 483 1195
    Email: info@econobee.co.za
    Web: www.econobee.co.za


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    Remember
    BEE Points = Happy Customers = Sustainable Business


    That’s it for the time being.
    Regards
    Gavin and the EconoBEE Team

    Executive summary of B-BBEE

    Turnover below R5 million per annum – automatic BEE status

    Turnover above R5 million per annum – you need a BEE Scorecard. Our workshops, scorecard tools, procurement manager or a complete managed services will be best for you.

    Complete Managed BEE Service

    Tip:

    B-BBEE is a long term process, not a single event that happens once a year – EconoBEE’s Managed service will help you.

    10 Strategic Steps to B-BBEE!

    We have prepared an easy to follow guide “B-BBEE in 5 Minutes” and “Crash Course to BEE Verification” which explains BEE in a simple step by step approach.

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