Business Plan Writing 2.0 – Great New Truths
Lately, I’ve been rethinking Business Plan Writing… Rethinking the role of a Business Plan in the World of Startups. On the one hand – in the consulting, finance, investor and academic world – what is meant by a Business Plan is a fairly comprehensive research project. It includes a thorough analysis of issues including customers, markets, […]
Business Valuation Report – 8 Critical Elements
A Business Valuation Report is a financial report determining the current (or projected) value of a business or asset (property, marketable securities, etc.) using the financial statements, assumptions, and various methods and approaches. It simply communicates how to value a business. A Business Valuation Report is not solely for business owners, investors, and potential buyers. […]
10 Critical Ways Saying No – Boost your Business
For many entrepreneurs, saying no can be a difficult experience, especially when you are an early startup. Far too often, you want to please everyone and do everything as soon as you can in hopes of increasing profits. It is imperative to learn early on that saying no can be as important as saying yes. […]
Top 7 Dreadful Bookkeeping Mistakes made by SMEs
Bookkeeping mistakes can easily be part of any business. From one-person entities to JSE-listed companies, no business can escape the dreaded task of bookkeeping. While it’s definitely not one of the more glamorous parts of the job, bookkeeping is at the heart of small business success, which means errors can be crippling. To avoid the […]
11 Revisited, yet Amazing Startup Ideas for 2022
As the economy continues to improve {following the shocking period we have all experienced on a global scale over the past 2 years}, many aspiring entrepreneurs are turning their small business ideas into reality. Moreover, a lot of new graduates will be entering the economy {jobless}. Also, some skilled professionals may have lost their jobs […]
Copycats 2021 – The Crazy Parasites in Business
Copycats have been around since the dawn of the age. For us, Business Plan Copycats have been around since we started JTB Consulting in 2006. In a world full of fake news, half-truths, scam artists, snake oil salesmen, the question that I often get is: “How do you deal with people who copy your work?” […]
Here are our 4 Top Tips When Writing Your Own Business Plan
The Business Plan is undeniable, one of the core aspects of any startup (and existing business). Creating a new business is a process fraught with difficulty and failure and many businesses fail in the first twelve months of trading. Is it all doom and gloom when starting a business or is there a silver lining? […]
12 Reasons why Buying a Business is Better
Starting a Business seems like a better option than Buying a Business. But, which is better? Before I start off, let me be upfront by saying, 99% of would-be entrepreneurs out there do not have the funds to buy an existing business. But, in an ideal world, if you do have the funding available, it […]
7 Top Tips for Writing a Strategic Business Plan
Business ideas are only as good as the Strategic Business Plan behind them. Often, entrepreneurs are caught in the excitement of a new business venture but fail to follow through because of a lack of direction. A Strategic Business Plan outlines goals and timelines to make an idea thought up a reality. Here are my […]
11 Best Tips on How to Write a Value Proposition
Look at any well-written Business Plan and you’ll see a section called “Value Proposition” – and this is normally one of the key questions investors have from entrepreneurs and how this value proposition will solve a problem for your intended customer. How can an entrepreneur create a compelling value proposition for a business? To answer this […]
The 4 Best Times to Borrow Money for your SME
Small business owners face many challenges when they apply for loans, but sometimes, the biggest mistake and challenge is of their own making. If you wait until you urgently need financing to start looking for a lender, you’ve waited too long. It’s often said that the best time to borrow money is before you need […]
10 Basic Bookkeeping Accounts You Can’t Ignore
Millions of small business owners and startup entrepreneurs are masters at creating great products and services, building effective teams and winning over customers. Many of them, however, would probably flunk basic bookkeeping. As the business owner, if you don’t understand the different types of “accounts” your bookkeeper uses to organise your finances, measuring the success […]
