How to Create a Convincing Business Model Canvas in 2023
Every startup founder should be able to outline their business model clearly. In this article by JTB Consulting, you will learn how to create a Business Model Canvas in our step-by-step guide. What is the Business Model Canvas? The business model canvas is a strategic planning tool managers and business owners use to illustrate and develop their […]
8 Entrepreneurial Qualities Successful Startups Should Adopt
Do a Google search on Entrepreneurial Qualities, and hundreds of articles advise on Entrepreneur Qualities and Success Factors. Being an entrepreneur is not easy, but it can be rewarding. It requires dedication, hard work and the right mindset. There are certain qualities that successful entrepreneurs share which can make the journey that much easier. Entrepreneurial […]
Financial Model Design: 9 Important Principles to Live By
A Financial Model is one of the most important components of Business- and Strategic Planning. A Financial (Projections) Model has become the standard financial-decision making tool used by entrepreneurs, financial analysts, investors, business executives, banks and other stakeholders. Financial Model 101 Financial Model Design takes time, effort and industry know-how and rationally looks at things […]
Afraid of South Africa’s Scam Consultants? Save more than R15K!
Dear Entrepreneur and Business Owner. Having a new business idea is great! But, without a business plan or using a generic, cookie-cutter business plan template, a business is essentially rudderless, and day-to-day activities are likely to be haphazard and reactive. Over the past five years, we at JTB Consulting have seen a massive uptick in […]
What the Scam Business Plan Experts Don’t Tell You (You Could Lose R10,000+)!
Do you have a Professionally Written Business Plan? Congratulations, you are in a small minority. And if you have a Professional Business Plan, do you use it? And have you looked at it in the last few months? If the answer to these questions is yes, you need to read no further. However, most business […]
Financial Models are Critical to your Business: Here are 7 Reasons Why
Creating a Financial Model, even for a startup business, is very important to build a strong foundation around the financial identity of the company. Financial models for startups and existing companies underpin major business and financial decisions and are one of the most important tools for business planning. Financial Models Explored. When you’re trying to […]
16 Rock-Solid Reasons Why Business Planning is Important
According to a recent article by Harvard Business Review, Business Planning is a vital activity for entrepreneurs, especially startups. In answering the question, “Why Business Planning is Important”, the article cites that entrepreneurs who write business plans and include business planning as part of their startup process are more likely to succeed. It is crucially […]
Feasible Business Ideas ― How to Conduct a Financial Feasibility Study
So, as 2023 approaches, you are contemplating Starting a New Business. But how do you know whether you have Feasible Business Ideas? This article explores how to prepare a Financial Feasibility Study. We will first explain what a financial feasibility study is, the meaning of a feasibility study, why you need one, in which situations […]
Exploring the 7 Duties of a Startup CEO in 2023
Tune in to any business channel or podcast, whether online or on TV, and chances are you’ll see an interview with a CEO. If I mention the word CEO, what’s the first thing that comes to mind? For some people, a superhero with incredible creativity and panache (think Jeff Bezos and Steve Jobs). For others, […]
Starting Up? Have a Limited Budget? Use These 5 Market Research Techniques
There are various market research techniques available. One can’t deny that Market Research is critical for both startup and existing businesses. An integral part of writing a business plan is conducting market research. Not only are our team at JTB Consulting often asked, “Why is market research important?” but we also receive the following question: […]
Pitch Deck Design and Why You Need One in 2023
A pitch deck is more than an elevator pitch. It’s a document that communicates the value of your startup to potential investors. It’s a concise and compelling presentation of your company, its market opportunity, and its proposed solution. A great pitch deck design will excite potential investors who want to learn more about your company. […]
5 Critical Factors to Consider in Your Startup Valuation
Valuing your startup can be difficult and not an exact science. If you ask ten different funders to value the company, each one will, in all probability, come up with a different value. Following is a synopsis of factors to consider when calculating the Startup Valuation of your business, especially before any revenue is realised. […]