The essence of any decision by aspiring, young South African business people will surely be: What benefit is there for the entrepreneur joining the Progress Project? What is in it for you and what can we do for you? Continue reading
The process for approval to join and benefit from joining the Progress Project is easy, but designed to protect the entrepreneur.
- Submit a basic business idea to establish the uniqueness of the proposal.
- Brief online or telephonic assessment of the appropriateness of the Progress Project as mentor.
- Signing a Non-Disclosure and Confidentiality Agreement to protect the intellectual property rights in the idea of the entrepreneur.
- Quantifying the mentorship and leadership requirements and contribution.
- Quantifying the financial investment and methods of funding required and achievable.
- Decision on progressing with the project proposal of the entrepreneur.
- Drafting of basic business plan for presentation and identification of appropriate business type.
- Meeting potential key stakeholders, contributors and investors.
- Viability decision and creation of time frame deadlines for project.
- Secure and make available initial funds to the entrepreneur.
- Completion of legal paperwork to establish business.
- Establish new business.
- 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.
Feed your Brain with Knowledge
The human brain feeds on knowledge and will be happiest and most useful if it is learning something new on a regular basis. Ongoing learning for entrepreneurs and executives is the most beneficial tool for improving your chances of achieving business success.
The knowledge that provides food for your brain does not need to be of the traditional sort. What this means, is that you do not need to undertake mammoth projects at an institute for tertiary education. You do not need to take on a two or three year course, such as a Masters degree, if you are not keen to devote that term of commitment to a learning project.
Many aspiring and current business people have an enormous work load and little available time, whether their commitments be to family, work, gym, social contributions or any combination of these and others. This makes the prospect of longer-term study unattractive, to the extent that often, they shy away from study entirely. But, ongoing learning for entrepreneurs will bring a host of benefits, not least of which is to keep all areas of your brain active. Continue reading