MyNews24 is a user-generated section of The stories here come from users.

Viresh Prahalath
Comments: 1
Article views: 57
Latest Badges:

View all Viresh Prahalath's badges.

Passionate Entrepreneurs: What’s your score?

17 March 2014, 16:08

You may have a burning idea that reduces your levels of sleep and pops in during your 5AM shower or while you work the circuit at the gym. That’s exciting and quite peachy, however an idea simply isn’t enough. You probably need a S.C.O.R.E.

To start off I would like to say that I am not affiliated to in any way and I am not being paid for this editorial coverage. I do however see the immense value of testing your business ideas before you run with them and that’s what the S.C.O.R.E business plan template does.

The S.C.O.R.E business plan template asks budding or established entrepreneurs around 150 pertinent questions that will help you systematically think out various aspects of your potential business. If you answer each of these questions with honesty, you have a much greater chance of success than assuming people will buy into your killer idea, ‘just because’.

What does the S.C.O.R.E business plan cover?

Everything really. The description of your business from legal ownership right down to services and hours of operation. The marketing section asks you the difficult questions that many aspirants leave out: supply and demand; why would consumers choose your product and not the competitors?; what strategy will you implement to market your products? There’s also income and projection statements as well as the vital question of how you plan to raise start-up capital. Definitely worth a look at.

In South Africa alone, consumers register around 10,000 businesses a day, so if you believe that consumers are just waiting for you to finally get up out of your comfort zone and start taking action, think again. The competition is on.

What makes a great entrepreneur? I’m sure we’ve been through enough scintillating reads to know it is the individual who takes action and works to turn his ideas into a reality. A good part of this work is thinking hard and fast and keenly placing your attention on areas that work. The S.C.O.R.E template is a good place to start.

What also makes a great entrepreneur is an individual who understands the nature of the busy mind of the average leadership type personality. If these ideas are not put onto paper, they simply bother you and end up wasted in poorly thought out tries. Get with the program from day one and you will save yourself a great deal of time and energy.

Check out the template here, it’s FREE!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Read more from our Users

Submitted by
June Stewart
We really live in the Western Cap...

Why we really live in the Western Cape Minister Tina Joemat-Pettersson.  Read more...

0 comments 231 views
Submitted by
David van Tonder
Will the real ANC please stand up...

The Diane Kohler Barnard saga continues to attract much attention across social and conventional media. Read more...

0 comments 156 views
Submitted by
Mouth watering rugby ahead.

I must agree that England's demise was mostly due to a horrible pool and surely as hosts they should have had an easier path to the quarter finals. Read more...

0 comments 181 views
Submitted by
Adrian Ciesielski
Strategic Disruption

There is, for some reason, an attraction to falling in line, following the rules, and playing this business game by the books. If you want to be an agent for change within the company, and let them know that you are not just a minion, be disruptive. Read more...

0 comments 474 views
Submitted by
Charles Coombes
Non-Zero Gravity

This is in reply to Zero Gravity While it is good to see someone thinking about these things I feel that I have to correct a few misconceptions that are in the above article. Read more...

0 comments 173 views
Submitted by
Bongani Mahlangu
Cognitive Dissonance in South Afr...

I have been hearing a lot about "Cognitive Dissonance" lately and I had experienced it talking to certain individuals within a certain party. I had to read more about it. I came across a quotation that says, "Any fool can despise what he cannot understand or comprehend." Read more...

0 comments 187 views


E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

TV Get us in your home, on your television.

Interactive Advertising Bureau
© 2015 All rights reserved.
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.