PLEASE NOTE:

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

 
Viresh Prahalath
 
Comments: 1
Article views: 53
 
 
 

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.
 

Read News24’s Comments Policy

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
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Sibusiso Zindela
The not so famous HIV prevention ...

There might be a miracle to stop the spread of HIV. The PrEP system has been adopted in most countries dealing with HIV/Aids. Read more...

2 comments 343 views
Submitted by
Kaylea Sher
Taking the "land" out of land-ref...

In a time where food is scarce, should we not be focusing on boosting productivity rather than concerning ourselves with the emotional issues of tradition and past repressions?  Read more...

2 comments 81 views
Submitted by
Annie
"3 x Foreign Nationals arrested f...

I would like to know - how is it that these people can come to our country and act in such a way that you as a South African are actually scared to live in the country where you were born. Read more...

17 comments 804 views
Submitted by
Kalibanache
Masipa and her premeditated judge...

Oscar made it known that his family "own" the ANC and that he is highly connected - seems true after all.  Read more...

15 comments 523 views
Submitted by
Paul G Thomas
Why Judge Masipa was right

Most of the criticism against the judge’s finding is wrong and is based on a lack of understanding of the nature of dolus eventualis. Read more...

54 comments 2002 views
Submitted by
Anthony Noda
My ex-hero Oscar

Oscar being my hero came to an abrupt end on the morning of the shooting. Read more...

6 comments 362 views

Jobs in Cape Town [change area]

Jobs in Western Cape region

HR Manager

Cape Town Southern Suburbs
DAV Professional Placement Group
R360 000 Per Year

AquaLogic/WebLogic Support

Cape Town
Core Candidate (Pty) Ltd
R250 - R300 Per Hour

Courier Sales Executive

George - Knysna
Communicate Durban Freight

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

30% off new fiction books!

Save 30% on new captivating books from great authors such as Wilbur Smith, James Pettereson and more. Offer valid while stocks last. Shop now.

Camping gear!

We’ve got all your camping must have’s right here at mind blowing low prices. Check them out now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

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 your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 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.