Being an entrepreneur is like getting punched in the face every day - and trying to convince people you enjoy it. It's not glamorous. You're not a rockstar. And you're only accountable to yourself.
Welcome to Part 5 of the internal "entrepreneur training" series we're doing at forgood. Using the Heavy Chef Guide to Starting a Business in South Africa (it's a super light read and presents quite a nice structure for the do's and don'ts of getting going in business) - we're doing bi-monthly learning sessions, discussions and exercises. This is the last post. The final 4 chapters wrap up this "beginner's guide" quite nicely. It's been a fairly uncontroversial common sense read, so I was pleased to slightly disagree with one of the points. We'll get into that soon. If you missed Part 1, Part 2, Part 3 and Part 4 - go give them a read. If you're wondering why we're training our team to be entrepreneurs? Why not?
Chapters 7 to 10 Look beyond competitors being threats.
Sure, they can eat your lunch. But the modern business world demands a slightly more open and innovative approach to competitor analysis. Treat them as sources of i…
Welcome to Part 4 of our internal "entrepreneur training" series we're doing at forgood.
Using the Heavy Chef Guide to Starting a Business in South Africa (it's a super light read and presents quite a nice structure for the do's and don'ts of getting going in business) - we're doing bi-monthly learning sessions, discussions and exercises.
I'll chronicle them here so you can follow along.
If you missed Part 1, Part 2 and Part 3 - go give them a read. If you're wondering why we're training our team to be entrepreneurs? Why not?
Chapter 5 and 6
This is a shorter post. The advice in these chapters is simple and practical. Hopefully I can reinforce a few themes...
Raising funds.
This subject is talked about the most and often accused of being the single biggest barrier to entrepreneurship in South Africa. It is - and it isn't. I only have a few rules to think through when raising funds.
1. Get paying customers first. Before raising funds.