Summary of the Process for Approval to Join The Progress Project

The process for approval to join and benefit from joining the Progress Project is easy, but designed to protect the entrepreneur.

  1. Submit a basic business idea to establish the uniqueness of the proposal.
  2. Brief online or telephonic assessment of the appropriateness of the Progress Project as mentor.
  3. Signing a Non-Disclosure and Confidentiality Agreement to protect the intellectual property rights in the idea of the entrepreneur.
  4. Quantifying the mentorship and leadership requirements and contribution.
  5. Quantifying the financial investment and methods of funding required and achievable.
  6. Decision on progressing with the project proposal of the entrepreneur.
  7. Drafting of basic business plan for presentation and identification of appropriate business type.
  8. Meeting potential key stakeholders, contributors and investors.
  9. Viability decision and creation of time frame deadlines for project.
  10. Secure and make available initial funds to the entrepreneur.
  11. Completion of legal paperwork to establish business.
  12. Establish new business.
  13. Ongoing guidance, expertise and knowledge sharing between the Progress Project and the entrepreneur.

At this stage, the process for approval is competed and the entrepreneur’s new business start up is underway. The entrepreneur has funds and expertise available, a comprehensive course of action plotted out and the business tools necessary to start up and successful business.

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About rudiernst

I practiced as a qualified attorney for a number of years before leaving the legal profession in search of avenues to explore my great passion - business! I'm now part-owner and MD/CEO/general dogsbody of a small business with 40 employees, and I love every moment of it. My business? Your success! is about sharing business experiences with aspiring, young, South African entrepreneurs - to give them access to insights of numerous successful entrepreneurs familiar with the unique operating environment of the South African businessperson. The purpose of the website is to make information available to entrepreneurs in a series of easily understandable articles, each focusing on a different business lesson and highlighted with everyday experiences.