Posts

Showing posts with the label Business Profile

WHAT REALLY IS A BUSINESS PLAN AND HOW CAN I BUILD ONE?

  WHAT REALLY IS A BUSINESS PLAN AND HOW CAN I BUILD ONE? What goes into a business plan you might ask.  The business plan needs to at least cover the analysis of the business, the environment in which it is, marketing, sales, fundraising, and a repayment plan. But do remember that your business plan should be a working document and not just for use when seeking business funding. If your project is a big one then consider if you require a business feasibility study. Some investors will ask for a pitch deck or A Concept note first, while banks will ask directly for the business plan. It can be used to assess your knowledge, effort, the business itself, market research, cash flow estimates, and whether you are being realistic or are just overselling a pipe dream.   In reality, most investors make their decisions without even seeing your company plan. You might of course also be using a pitch deck to generate initial interest from investors. Make sure y...

BUSINESS PLAN FOR INVESTORS IN SOUTH AFRICA:

  BUSINESS PLAN FOR INVESTORS IN SOUTH AFRICA: Important Indicators Investors Look for in Entrepreneurs Growing a business can be expensive and it’s not surprising that many entrepreneurs look for investors in South Africa to help the business grow. When choosing a funding route to take, keep in mind that investors in South Africa vs those providing finance will look for different indicators, and this should be taken into account. At a basic level, business finance, or lenders lend you money, and you repay it, but they don’t own a stake in your business and very seldom get involved in providing advice, introducing you to their networks, or supporting you with advice. Investors, on the other hand, will provide you with capital in exchange for a stake in your company. Depending on the investor you get on board though, you are likely to ask to benefit from their network, experience of working with other entrepreneurs, and of course membership and busines...