How to Build a Lean and Efficient Business Plan

The concept of the Lean Start-Up, developed by entrepreneur Eric Ries, looks at how product development cycles can be shortened and businesses can run more efficiently by continuously measuring progress and feedback. This philosophy is particularly relevant when it comes to thinking about your business plan. In business, it is the continuous planning process that…

Defining Your Market in 7 Steps

There are two basic markets you can sell to: Consumer and business. These divisions are fairly obvious. For example, if you are selling women’s clothing from a retail store, your target market is consumers; if you are selling office supplies, your target market is businesses (this is referred to as ‘B2B’ sales). In some cases…

MIP

The MIP manufacturing grant programme is a part of the dti’s greater Enterprise Investment Programme (EIP) which provides investment grants to both local and foreign-owned entities, by offering MIP manufacturing grants of up to 30% of the value of qualifying investment costs for establishing and expanding existing operations in South Africa. The qualifying MIP grant…

Ins and Outs of Network Marketing

When I raise the subject of Network Marketing, what comes to your mind? Many, I am sure, are cringing at the thought of pyramid schemes and dodgy sales people trying to get you to buy something you definitely don’t want. Well, if your perception of network marketing and direct selling has been tainted by some…