WHO WE ARE
For the past 18 years, Target Business Consultants Plc has applied actionable insights to create a stream of innovative growth opportunities for campaniles, farmer’s’ organizations, investors and NGOs.
With a team of experts based in Addis Ababa, Ethiopia, we generate intelligence spanning industries, services, retail, agribusiness, and NGO sectors using a powerful understanding of how value chains operate on a global level. Our innovative market and competitiveness oriented and proven implementation of best practices have helped transform our clients.
We focus on growth. Growth is an essential business objective of any organization that seeks to thrive, not just survive. Our moral imperative of growth commands us to create sustainable, manageable growth opportunities that increase revenue and market share while contributing to the well-being of the world in which we live. We have proven strategies and implementation best practices that help our customers overcome challenges and identify new opportunities for transformational growth.
The accelerating convergence of industries, disruptive technologies, megatrends, and new business models are disrupting the value chain of virtually every industry. To survive, our customers need a partner who has research and analytical coverage of the key perspectives that map global value chains and target the gaps waiting to be filled by innovative market approaches.
Our training programs are focused on helping companies transform their organization through best practices and experiential learning. And our coaching and mentoring programs enable peer-driven communities of growth-focused executives to continually push each other to innovate and execute.
COMPANY TIMELINE
Our Company History
2004 - Establishment of Company
Target Business Consultants was established in October 2004 by two chartered certified accountants: Getnet Haile and Woderyelesh Habtihun, at Bole area, Addis Ababa
Target was initially focused on accountancy services and implementation of accounting software. Target played an important roles in automating the manual accounting system of hundreds of local NGOs in collaboration with donor partners. We have been at Friendship Business Center for more than 10 years until we moved to the current location.
2010 - Extended Business Advisory Services
The promotion of “market oriented solution” globally to address the key challenges of the rural community attracted new services such as value chain studies and special business advisory services to farmers’ organizations. Target customized its financial management capability to fit into the rural entrepreneurs and expanding the services to other spectrum of business management including marketing, HR, procurement and business strategy.
This was an excellent opportunity for Target to be involved for many regional and national level value chain and related researches, capacity building supports to farmer based organizations and later to urban SMEs and corporate companies.
2017 Adding a new service - Fund Management
Capitalizing our practical experience in the area of financial management and procurement, we established a service unit which will be responsible for fund management. Customers trusted us with our excellent internal control systems, compliance to best practices in organizational systems and values including inclusiveness policy, child and youth protection policies, code of ethics, transparent procurement and HR management policies.
Our fund management services encompass procurement of goods and services including routine booking operations, disbursement, payroll and payroll related transaction managements
2018 - Adding a new service: International Accounting Standards
Following the enactment of the 2014 Financial Reporting Proclamation, Target team foresee the opportunities and also the need to continue supporting its existing clients with the new mandatory conversion of accounting standard, from the local GAAP into IFRS.
Target did the preparation ahead and trained its staff with the new standards. We start the implementation with clients which trusted us. Since then we have implemented International Financial Reporting Standard (IFRS) and International Public Sector Accounting Standards (IPSAS) for more than 70 organizations. Target shareholders established a sister company called Target Accountancy to manage IFRS and IPSAS related projects.
2022 - Partnership with SAP
Our partnership request with SAP was approved. The enhances our opportunity as a company to continue supporting our existing and new potential customers which would like to migrate to a world standard Enterprise Resource Planning System. Product sales and implementation will be available from February 2023