grit factory1

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Welcome 1 Disrupting small business support Justin Coetsee & Paul smith

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Page 1: Grit factory1

Welcome 1

Disrupting small business support Justin Coetsee & Paul smith

Page 2: Grit factory1

Problem 2

AffordableExpensive

Increase sales

No impact sales

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Solution 3

A low cost scalable incubator that helps small business execute by:

Weekly Meetings

10 entrepreneurs 2-hours

Challenge feedbackAgent model

WebsitePlatform

Challenge lessonsLeader boards

Meeting coordinationMonitoring

BehaviourChange

Peer pressure Role modellingGamification

Other

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Business Model Validation

4

PROVEN MODELS

YPO21 000 members

Toastmasters 1 million members

Weight-less 81 clubs

RESEARCH

Academic ResearchMasters, PhD & Consulting

Pilot 1281 entrepreneurs

Pilot 220 entrepreneurs

TRACTION

R100 000 sold

R1.2M pipeline

5 pilots being planned

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Market Size 5

SMALL BUSINESS SUPPORTWorldwide market

200B300M

1.5M

SMALL BUSINESS Less than R1M turnover

SA SMALL BUSINESS Btw R1M to R200k

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Target Markets 6

PROGRAMMESPONSORS

Enterprise DevelopmentMarketing departments

SME support organisationsGovernment

STARTUP ENTREPRENEURS

23 to 28 years Laptop, Transport

Speak and read English

EXISTINGSMALL BUSINESS

R1M to R200kDesire to grow

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Financial Model 7

Entrepreneurs or sponsors pay us a monthly fee.

AGENT FEE

30%

SPONSORED PROGRAMMES

R1000

ENTREPRENEURSFEE

R1000

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Team 8

Paul Smith Founded 4 businesses Masters and PhD candidate 8 years in SME sector (15 organisations)Branson, Enablis, WBS, etc.

Justin CoetseeFounded 2 businesses IBM 10 years R30M to R60M 18 monthsLean Startup Circle

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Vision 9

800Entrepreneurs in 3 years (80 clubs)

Disrupt the SME support industry

Tech partner or co-founder / Funding / Advice / Leads

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Contact Details 10

Thanks and QuestionsImproving small business execution

Paul Smith 073 954 1346

@paulshawsmith, [email protected]