Our Haripur as expected has yielded awesome results, despite our own self belief it surpassed our own expectations too!
Though a detailed report is being compiled, given our limited resources it is taking us some time compiling the report, moreso since we are uber busy planning on kicking off in Karachi (Sindh) at the end of January 2014 and in Muzzafargarh (Punjab) shortly thereafter.
In the meantime however we want to share the results and some of the interviews with everyone, from our supporters, friends, ambassadors to strangers – the results are a great pick me up for anyone across the third rock!
Having taken 70 street based entrepreneurs / cobblers through a 1 week MBA program followed by 12 weeks of data informed coaching and consulting we have the following summary metrics to share.
Of the 70 entrepreneurs of circumstance engaged 63 engaged and embraced the the program whilst 7 did not, this is inline with the drop out rate from our previous cohorts.
The average revenue growth across the 63 entrepreneurs of circumstances is 51%. With 48% of the 63 entrepreneurs achieving greater than 50% increase in revenue. There are some outliers; 6 entrepreneurs of circumstance of the 63 achieved greater than 100% growth in revenue whilst only 1 achieved less than 10% growth (Mir Dad at 4%).
The average growth in profitability across the 63 entrepreneurs of circumstances is 83%. With 65% of the 63 entrepreneurs achieving greater than 50% increase in profitability. 20 of the 63 entrepreneurs of circumstance achieved greater than 100% growth in revenue and 3 of the them managed greater than 200% growth in the 3 month period.
Those of you who are strangers to Peace Through prosperity’s MBA program, think of it as an entrepreneurship development program or business growth programs of sorts.
For now we would like to leave you with Muhammad Saeed’s post MBA interview and though the translation does not do him justice his renewed optimism transcends linguistic barriers.
In Haripur we had a direct positive impact on 63 micro-entrepreneurs, 315 of their immediate family members and many more in the extended family and their local community. We are editing and uploading videos as best we can with our limited resources please visit our Facebook page or follow us on Twitter to remain updated on progress.
Peace Through Prosperity’s methodology, process of engagement, in-class and on-site coaching works. We need YOUR help to raise funds to extend this program to many more street based Entrepreneurs of Circumstance and other street based vocations in Pakistan and beyond.
To help us help the entrepreneur of circumstance please visit our website or get in touch with us to donate via a bank transfer.