Business Survival 101

1
Business Survival 101
2
Introduction

• Owen Nagaya
• GrowABusiness

3
Global Financial Crisis

• The Great Depression largest economic
  depression of 20th century
• Credit crunch, bailouts, tighten your belt
• Greatest financial crisis of 21st century

4
Global Financial Crisis

• Collapse of major financial institutions
• Job cuts across most industries
• Bailouts amounting to billions of dollars
• Deep concern among most governments

5
New Businesses

• Number of new businesses continue to grow
• Leading SA Co registers 250 new companies in
  Gauteng alone
• What is happening to all these businesses ?
• How are they surviving ?

6
Challenges in Market

• Credit not easily available
• Business support structures not accessible to
  everyone
• Difficult selling market tightening of
  consumer belt

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Challenges in Market

• Difficult to grow to level of profitability
  and sustainability
• 1 out of 10 businesses make it past year 1
• Bailouts amounting to billions of dollars
• Deep concern among most governments

8
Critical Success Factors

• Sales life blood of any business
• Online presence 5 million online users in SA.
  Every credible business should at least have a
  website
• Strategy and planning must have vision,
  mission and associated business plan

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Critical Success Factors

• Marketing
• Financial Management
• Business structure
• Customer service and operations
• Tax

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GAB What we do ?

• Offer business services to SMEs
• Vision is to create a network of trusted
  businesses
• Take business owners from scratch to running
  within 3 weeks
• Aim to to make as simple as possible for
  business owner
• Integrate business set up, business
  communication essentials, corporate identity
  branding and online presence

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Business Starter Product

• Company registration
• Email set up
• Fax2Email
• Logo design
• Business cards
• Letterhead template
• Invoice template
• Website
• Website hosted
• Free financial report

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Guarantees

• 30 day no questions asked money back guarantee
• Similar product cheaper - discount of 20
  difference in cost
• Exceptional products at reasonable costs
• Customer service and operations

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Business Planning

• Business profile
• Product, market and competitor analysis
• Sales and marketing strategy
• 5 year projected financial statements

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Partnership with YouThink

• Goal to align with businesses of similar vision
• Power of collective bargaining and relationship
  building
• Upliftment and educating of aspiring business
  owners
• Will continue to achieve a network of trusted
  businesses

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GAB ebook

• Much information available on what to do but
  HOW ?
• WHAT is not enough
• Will cover everything from opening a bank
  account creating a website
• To order in advance mail sales_at_growabusiness.co.
  za

16
GAB ebook

• Much information available on what to do but
  HOW ?
• WHAT is not enough
• Will cover everything from opening a bank
  account creating a website
• To order in advance mail sales_at_growabusiness.co.
  za

17
Thanks

• Strive to create a successful business
  community
• Can only be achieved through collaboration