10 Tips For Turning Your Ideas Into A Business

Do you have ideas for a new business? For entrepreneurs, it is often easier to come up with a variety of business ideas for new companies and more difficult to implement those concepts. A business concept is a bridge between an idea and a business plan. It focuses one’s thinking so that the entrepreneur can identify

12 Places To Find New Product And Service Ideas

Creating great new business ideas is not a very difficult task to overcome, but what if you do not have a creative bone in your body? The next time you are struggling to come up with a new idea, try the following: 1.) Shopping: Next time you go shopping, examine some of the products in

10 Reasons Customers Aren’t Buying From You

Let’s face it. Running a new business is extremely challenging and competitive. You need every opportunity to attract potential customers to your business. But for some unknown reason, customers are just not buying from you. Why? Here are the ten most likely reason potential customer are not buying your products or services: 1. Potential customers

10 Ways Entrepreneurs Can Survive The South African Recession

Nearly every business has felt an impact from the recession. There has been no escaping. A few weeks ago, the word ‘recession’ were used in nearly every newspaper and online news… South Africa is in a technical recession. Nearly every day we as South Africans are inundated with negative news on both the economic and

Are You Entering The Food And Beverage Industry? Here Are Some Of The Latest Trends

The Food and Beverage Industry is becoming more competitive with each passing year. The consumer is demanding more and new entrants are offering different approaches to marketing their products. A new era in personalisation is dawning due to the expansion of online and mobile food shopping. As more consumers find modern life to be hectic and

Art Industry Focus: Free Market Research To Help New Art Galleries

The ways that buyers access and purchase art have changed significantly over the last 20 years.  In 2016, the most recent year for audited results, global art sales were between US$45 and US$57 billion. Art fairs alone generated US$13.3 billion in sales in 2016, up 5% year-on-year and 57% since 2010, according to the 2017 Art

What Is The Point Of A Financial Model?

Short and simple answer… To tell the story about your business with math. A great financial model isn’t just a spreadsheet: it’s an outline of your fundamental business model that can be used to understand your business. A lot of stakeholders tend to say that financial models are irrelevant for start-up companies. I agree that financial

investors

The Top 10 Questions That Investors Will Ask You When You Present Your Business Plan

Entrepreneurs need to be prepared when pitching their start-up companies to investors by anticipating the questions they will receive. Presenting to potential investors will involve as little as 10 questions and as much as 100 questions. We have focused on the Top 10 Most Common and Most Difficult Questions that entrepreneurs can expect when presenting

Managing Your Business Through Tough And Uncertain Economic Times

Uncertainty, especially economic uncertainty remains at the top of mind for most South African businesses. Perhaps now is an ideal time to look at ways you can successfully manage your business through these uncertain times. When times are good and product is moving, companies can run a little blind. It is not unusual to discover

Craft Beer Industry Focus: So You Want To Start A Craft Brewery?

We deal with hundreds of clients every year that are planning to start a new business. One of the major headaches most of our clients face is the lack of reliable, up-to-date, and available market research into the industry and market they wish to enter. Fortunately, an integral part of JTB Consulting’s Solution is the

Are You Afraid Of ‘Con-Artists’ And ‘Scam Consultants’ Operating In South Africa?

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. Unfortunately, there are a number of “Business Plan Consultants” that promise the world when

Customer Service: The True Cost Of Bad Service In South Africa

Customer service is a term that most companies reflect in their mission statements, yet, exceptional customer service is arguably one of the concepts that is seldom experienced by customers. Customer service – to thousands of employees and employers in South Africa – is as foreign a term as trying to read and understand hieroglyphics. From receiving