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 […]
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. […]
Faced with Business Failure? Consider These 5 Alternatives to Closing Shop
Business Failure is never at the top of your mind when chasing your Startup Dreams! Starting a business is exciting and rewarding, from naming your business, setting up the website, meeting that first potential client, and reaching your first R1 million in sales. It seems every step is a milestone. But not all businesses succeed, […]
5 Alarming Reasons Why You Must Never Use a Business Planning Template
New to Business Planning? Writing a business plan? Where do you start? Were you looking for a business planning template? Stop right here! We know that looking for a ready-to-use business planning template is the most comfortable and accessible thing. You may even think it is the cheapest option because you don’t have a lot […]
Successful Business Planning for Startups ― 9 Must-Do Steps
Business Planning for Startups is unavoidable when you want to pursue your dreams of running your own business. But planning is boring and cumbersome. You won’t get very far without effortful planning to execute your business idea. Business Planning for Startups 101 Business Planning is creating a document outlining your company’s objectives and strategies for […]
