Tag: business

January 21, 2019 Hansie Britz

                          A common but very important item missing from most business plans is a breakdown of the business/company’s TAM, SAM & SOM in the marketing section of their plan. Wondering what these acronyms means? Well, you’re not alone – many entrepreneurs are not familiar with these terms….

January 13, 2019 Hansie Britz

                                              BUSINESS PLANS  Your business plan is an essential piece of the funding puzzle, explaining exactly how much money you need, where it’s going to, and how you will pay it back as well as how long it is going to take for you to earn it back. Investors will first look for…

December 24, 2018 Hansie Britz

               How can you find investors who have passion for your business and what you and your products/services are about? This is one of the keys to taking on investors who will support you with much needed growth capital, as well as (and often more importantly) all kinds of…

August 27, 2018 Hansie Britz

                            Creating an accurate , workable plan and budget allows a business to get the money it needs from finance, keep track of it with accounting and human resources, and succeed. You can only succeed with a good budget and it will also help the bottom line of any business. Choosing where to start. There…

March 30, 2018 Hansie Britz

                              Why do you need a business or farming plan? You already know the obvious reasons, but there are many other good reasons to create a business/farming plan that many business owners don’t know about. A good business plan is never done. If your business/farming plan is finished, then your business is also finished. As…

January 17, 2018 Hansie Britz

                                    Capital is vital for you to grow your business and take advantage of opportunities when they occur. One way to get this capital is to allow others to invest in your enterprise. Such an investment involves exchanging funds for…

December 20, 2017 Hansie Britz

                        No matter who you are or how big you hope to grow your business, figuring out what product to build or what services to offer is a huge challenge. Starting any business takes a huge leap of faith. You’re jumping off a mountain and hoping your parachute…

December 16, 2017 Hansie Britz

“Cash Flow” refers to the revenues a business generates (and collects) compare to the expenses it pays out over a fixed period of time. Broadly speaking, businesses bring in money through sales, financing and returns on investments. And they spend money on supplies/services, as well as utilities, taxes and other bills. Cash Flow problems affect…

December 16, 2017 Hansie Britz

                                Buying your way into entrepreneurship can be an appealing option and mitigate many of the risks of “growing your own” when it comes to launching any business. Sticking your neck out to secure the startup capital, hiring the right employees, and establishing cash flow are just a few of the risks that send would-be…

December 5, 2017 Hansie Britz

                                A start-up business is usually on a constant look out for capital from outside investors. Investors include banks, venture capitalists, private investors, government, foundations and even family members. Although “pitching” plays a major role when you are trying to raise capital, the realities of your…

November 3, 2017 Hansie Britz

                       1. Conduct a personal evaluation Begin by taking stock of yourself and your situation:- Why do you want to start a business? Is it money, freedom and flexibility, to solve a problem, or some other reason? What do you like to do? Your passion? What skills do you…

November 28, 2015 Hansie Britz

                          In order to start a successful bakery you need to possess the qualities of an artist, an ingenious financial manager and a marketing wizard. Should any of these qualities be lacking in your make-up, then the only way to succeed is to…

September 24, 2015 Hansie Britz

                                     The basic premise behind mobile vending is that you take your business on the road with you, going to where the people and likely consumers are. Sport events, beaches, flea-markets – these are all popular venues, especially when considering the…

May 26, 2015 Hansie Britz

                                                      There  are two broad ways of going into business for oneself. You could either start from scratch or purchase an existing business. Starting from  scratch has the advantage of allowing you to shape the business exactly as…