Dr. Bahadur, in conjunction with FNB Business, facilitated the creation, building step by step their pilot business accelerator project. Currently titled FNB business incubator, which provided various solutions in helping businesses to grow to the next level. As such, the program offered the opportunity to participate in the program. Bahadur accelerated more than 300 individuals during the implementation phase.
The FNB Business Accelerator consisted of two main components:
Intervention weekend: This was an intensive weekend workshop where individuals would learn key skills such as understanding the art of innovation, interpreting your financial statements, how to scale your business globally and understanding what metrics to focus on when approaching funders. Individuals also had the chance to network with and learn from business owners who have grown businesses from micro to large-sized businesses.
Business coaching and support: Following the completion of the intervention weekend, an individual received 3 months of individual attention and guidance which aimed at refining an individual’s business strategy. Success coaching helped individuals redefine their business objectives and targets around Human Resources, Operations, Finance and Sales aspects of their organizations. The success coaching came in the form of bi-weekly consultations either in person or via electronic communications.
First National Bank (FNB) is the oldest and one of the largest banks in South Africa. Its history can be traced back to 1838. In 1998, FNB was delisted from the JSE and become a wholly-owned subsidiary of FirstRand Group. First National Bank represents FirstRand’s activities in the commercial and retail segments.