Broad-Based Black Economic Empowerment (B-BBEE) can be a costly exercise. Nevertheless, it is a worthwhile investment in your business, and not only because your B-BBEE Certificate has become your licence to trade in South Africa. But where does one begin to identify those areas in your business that can be better aligned with the desired outcomes of a considerable B-BBEE investment?
“At Lanham-Love Consulting, we pride ourselves on innovatively embracing and integrating transformation to the point of business growth and development,” says Angie Lanham-Love, CEO of Lanham-Love Consulting. “Our key philosophy is to create solutions that result in additional benefits and increased compliance across multiple elements of the scorecard. And creating these solutions begins with us getting to know you and your business – in depth, and in detail.”
Lanham-Love Consulting, a 73.57% Black Owned Level 2 BEE Exempt Micro Enterprise that is perfectly positioned to ensure comprehensive B-BBEE compliance, is built on the understanding that all areas of business and compliance need to be considered if a B-BBEE strategy is to be implemented comprehensively and successfully.
“We have learnt,” says Lanham-Love, “from our experience and across our client base, that every business is unique, and one solution does not fit all. Our solutions require either some business-specific fine tuning, or a customised solution to be developed. We have a tool set which encompasses everything we need to ensure that your transformation strategy will lead to business growth. This includes in depth B-BBEE knowledge, experience in business re-engineering, creative minds, and professional partners.”
So how does Lanham-Love Consulting go about identifying which opportunities in your business are most worth capitalising upon?
“Lanham-Love Consulting runs an annual consulting service, which consists of a workshop to design and set the ‘best fit’ B-BBEE strategy for the current year,” says Lanham-Love. “We will implement the strategy with you throughout the year, by running a high-level gap analysis every quarter and assessing where we are in terms of that strategy. At these quarterly reviews, we can adjust and tweak the strategy as required. The final quarter is the rating quarter, where we prepare all the required documentation for the rating with you.”
“By taking the time to identify and plug those gaps that emerge in your B-BBEE strategy on an ongoing basis,” says Lanham-Love, “not only do we ensure that your B-BBEE strategy continues to be the best fit for your organisation, but we also ensure that we can respond to changes in legislation more rapidly. Furthermore, this approach grants us the ability to be more agile in our responses to changes in your business’s needs and desires.”
If you are looking for help in identifying opportunities for B-BBEE alignment in your organisation, speak to the experts at Lanham-Love Consulting today. We are more than happy to speak with you about what can be done to find the best fit strategy for your business going forward.