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.
Apprenticeships are Real Education Accessible to All
Formal education, or rather the complete lack of it, will become the current South African government’s greatest legacy. It will be nothing to be proud of and is a tragedy of the greatest proportions. I am a firm proponent that apprenticeships are real education and that vocational training is a realistic part of the solution for millions of unemployed youth in Africa.
Unfortunately, as I ponder this article, it occurs to me that it would be dangerously easy to move into a diatribe against the educational crisis in South Africa and place newspapers filled with the odorous mixture of doggy-doo and responsibility at the relevant doors. But I will tread cautiously. Continue reading
“You know me as a wine expert, but in another life I would have been a bishop or a dry cleaner, or a dry-cleaning bishop.” Oz Clarke
Your Core Business
Now to take you through some concrete examples from the four business attempts mentioned in my earlier post, “Do what you do”.
Importantly, all the businesses were started by guys who had at least five years’ experience in the waste management industry. These entrepreneurs all had great experience in the sales and operational aspects of their employers and decided to go out on their own, within the same industry. Three of the employers were huge waste management companies that had existed for many years and still do. They held contracts for the waste management and removal of a variety of sites including office and business parks, restaurants and hotels, shopping centres, sports facilities and other venues.
The point of my short case studies is that your business should focus on what it does. Focus on core business. Sound simple and rather obvious? Read on… Continue reading