PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Viresh Prahalath
 
Comments: 1
Article views: 59
 
 
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 Score.org 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.

 

24.com 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
Lyndsy Gopaul
The struggle of a single mother

To choose the life of being a single mum is the hardest job and the biggest sacrifice a woman can make. Read more...

0 comments 1702 views
Submitted by
Hennie
Clamour for farmland will sink us...

The ANC government’s pre-occupation with the redistribution of land has taken its eye totally off the ball. Read more...

0 comments 419 views
Submitted by
Mlibazisi Jeffrey
Rise of Trump, nationalism and po...

The placing of people on a political, religious and ideological spectrum has resulted in the rise of "absolute positioning". Read more...

0 comments 150 views
Submitted by
Victor van Heerden
Jacob Zuma statue - Don’t cry for...

Therefore the epitaph at the bottom of this magnificent statue will read: Please forgive me, but don’t cry for me South Africa - even though I have failed you all - signed President Jacob Zuma. Read more...

0 comments 402 views
Submitted by
Michael Mondli Hlophe
Kasi Mlungu saga very confusing

Some people have been very positive about the young white woman that has very close ties to a township and its residents. Some have been negative about her making money off our African cultures Read more...

0 comments 658 views
Submitted by
Odell Coetzee228
The Dark Horse: Brian Molefe

While every South African could predict how the economy and the world would respond to news of a new finance minister, there is one thing about Zuma we must never forget – he is a political survivor. Read more...

0 comments 756 views
 

services

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.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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 24.com network.

Settings

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.