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 would be worthwhile to look at the reasons why buying a business is an easier path
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Lately, I’ve been rethinking Business Plans. 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, competitors, pricing, marketing strategies, risks, with detailed multi-paged financial projections looking three-
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One of the hallmarks of a proper Business Plan prepared by a world-class Business Plan Company is being open to disconfirming information. Any reputable Business Plan Consultant will provide you with factual and informed recommendations on the hypotheses you made on your new business idea. Now let us apply that principle to the decision
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There are several reasons why entrepreneurship is a popular choice. From being your personal boss to creating time for yourself to name a few. It’s no surprise that more and more people have selected to start their businesses. Although starting a small business is a new exciting step for every new business owner, it can
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The South African petroleum industry is still in its beginning stages, even though the history of the industry dates to the 1940s. For the first 20 years of the industry, almost zero development took place, except for light exploratory efforts. Then, after less than a decade of international development, another period of almost 20 years
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Every four years, athletes from around the world gather to show off their physical skills and prowess. For many, the Olympics are the pinnacle of their careers. But what can business owners learn from Olympic athletes? The idea that you have to spend years and years without a certain payoff is true of both. During
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If we look to the wisdom of some of the greatest minds in recent history, we can find a wealth of knowledge and advice. Here’s what we can learn about the entrepreneurial journey from their experiences. Safari Tip #1: Recognise patterns as they are forming The entrepreneur has an advantage if trends, patterns, and changes
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After all the late nights and pressure-filled days, your business is finally up and running. Congratulations, you’ve made a leap that many South Africans aspire to. And while it may not all be smooth sailing from this point – recent research by Xero research has highlighted that one-third of small business owners find the first
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The Global Craft Soda Market Size was valued at USD537.9 million in 2016. Rising population in developing countries along with the increasing consumer disposable income is expected to have a positive effect on the product industry in the coming years. Moreover, the growing health concerns and raising awareness regarding the use of organic products are
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Entrepreneurs who are starting a new business often wonder, “Do I really need a business plan? Is writing a business plan really the best use of my time?” The answer to these questions is almost always, Yes! A business plan is an integral part of starting a new business. A business plan is a very
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Investors are much better at negotiations than you are; after all, this is what they do, and they do it daily. You on the other hand, rarely do it. When you approach potential investors to invest in your new company, you should avoid certain expressions. They are traps that make you look weak or dig
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Tune in to any business channel or podcast, whether online or TV and chances are that 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,
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