Is The Market Ready For A New Type Of Business Plan?

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-

Decisions: The Arguments For And Against Business Plans

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

Your First Year As A Business Owner: Expectations Versus Reality

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

Are Business Plans Still Relevant Today? A Factual Investigation Into This Question…

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

Starting a Business? Here’s the 8 Traits of Successful Entrepreneurs

Today, there is no one particular way to become successful. Today’s youth is not begging for jobs, but creating jobs and if you are on a mission to serve the millions, entrepreneurship is your destiny. But destiny needs to be built, one day at a time. So how do you plan to accomplish your goals

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

Coffee Industry Focus: Want To Open A Coffee Shop?

For many consumers across South Africa, their morning ritual will not be complete without a cup of coffee: at home, on-the-go or during a business meeting at an upmarket pavement café. Coffee is the second most consumed beverage in the world after water. It is, however, significantly more than just a beverage. In fact, it

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

Tourism Industry Focus: Are You Starting A Tourism Business In 2018?

JTB Consulting deals 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 provision

Top 10 Ways To Promote Your New Restaurant

New restaurants are popping up with every new shopping mall and suburban ‘trendy’ hangout spots and are all contending for the same customers. How do you then ensure that the customers are walking into your dining establishment and not the competitors? We have all seen empty restaurants while another one on the same street is

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

Funding Mistakes Made By Entrepreneurs Seeking Startup Capital

Funding a new business is part and parcel of an entrepreneur’s journey. You have a great business venture idea (or at least you’ve been told by family and friends that you have a great idea) and you are now raising startup capital but why, oh why is it that nobody wants to invest in your