Koronti Nt’sasa

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This presentation gives a road map to a successful business venture

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Business ideas are cheap, everyone can afford one, in fact, we all have at least one.

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The low percentage of successful business venture tells us one thing about the whole thing...

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Transforming ideas into business is not a piece of cake.

Don’t tell me you didn’t know that!

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But... maybe it could be easy; if well thought-out and strategically approached.

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Say your business idea is an island, and a successful business,(your dream), is the mainland.Now, say you are on the island and you need transformation... sorry, a ship to take you to the mainland, what would that ship be???????????

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Like, what do you need to transform your business idea into a successful venture?

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THREE BASIC NEEDS

•Professional assistance•Assistance from business owners•You. Yes, you also need yourself.

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1. PROFESSIONAL ASSISTANCE / BUSINESS CONSULTANTS

• They studied entrepreneurship deeper than you

• They took part in the establishment and development of various businesses.

So you see, you need them!

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APPROACH

• Enrol for Entrepreneurship training• Identify a business coach/ Advisor, it

helps. • Find a consultant to monitor your

progress, and you performance when you have started the business.

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Like...

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Oh, one other thing; attend to the presentations and shows of business development on media.

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2. BUSINESS OWNERS

This is a group of people who have been where you are, but are now where you aspire to be, isn’t it obvious that you need them?

• where they started• how they started • how they made it to where they are.

When you have gone through the first part, you will know exactly what to look for.

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APPROACH•Easiest is to observe; There’s so much to learn, look around and learn. •Consult with individual business people, Many of them are willing to share their business experience with anyone who cares; it makes them feel like someone appreciates their greatness, and they are kind... yes they are.•Well, you can also attend carefully to the media shows where entrepreneurs are given chance to express themselves.

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3. YOURSELF

Yourself:• Beliefs• Norms• Culture• Past experiences.

Avoid ignoring aspects that make you up when you make your future plans, It is almost impossible to leave them out when you come into business.

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“And no one will listen to us until we listen to

ourselves.” Marianne Williamson

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You have information from business consultants on one hand and from business owners on the other hand, we can safely say you got it all in your hands.

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We are not done yet.

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For you to be able to make good use of information collected, you will need most of those traits of an entrepreneur.

Oh, you haven’t heard about them?

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All those•confident,•risk taker,•enthusiasm,•ability to sell and•many others?

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Anyway, relax; the first part will equip you with such.

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HOW TO TRANSFORM A BUSINESS IDEA INTO A SUCCESSFUL

VENTURE

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It’s easy; take all you learned from the

consultants and your colleagues in business

(you will realise that some of this information contradicts)

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Use your believes, norms and culture to make your own decisions... strategic decisions.

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SUCCESSFUL VENTURE

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If you were at the island at the beginning of this presentation, and if you have been following well, open your eyes; you have reached the harbour of the mainland, you may jump off and join the real world.

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Oh! wait...

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This is how you made it:

• Consult with the business consultants.• Consult with other business owners.• Use your personal attributes to analyse

the information and lessons acquired.• Go ahead and establish your business

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Tips

• Remember to start small, patience pays.• Avoid credit as much as you can• Drawing a business plan is as good as

identifying a benchmark for your venture.

• And so on and so forth...

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Source of picture:IstockPhoto.comThe longest bridge in the world – Salmon

Koronti Nt’sasa (Ms)Business Trainer Basotho Enterprises Development Corporation

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