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How To Keep Your Eye On The Prize

Sustainable business growth – the objective for social entrepreneurs eyeing global markets.

Chivas

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Being an entrepreneur and building a business that meets the needs of people looking for products to enhance their lives, doesn’t mean that you don’t have to be competitive, disciplined and have the business skills required to take your business to new heights.

In fact, says Chivas Regal, these are the basic requirements for anyone who is intent on entering the world of social entrepreneurship.

This is according to Shelley Reeves, Marketing Manager: Scotch Whisky at Chivas Regal South Africa, the company that sponsors the global Chivas Regal The Venture competition.

Social entrepreneurs from 27 countries have earned the right to pitch their business solutions aimed at benefitting society to an expert panel in New York and compete for a portion of US$ 1 000 000 in funding.

Related: Local Is Lekker Winning With Chivas And The Venture

“When they return home, all these entrepreneurs, will have to concentrate on growing their businesses so that they are sustainable and become the powerhouses that do good in the future,” explains Mrs Reeves.

“But keeping a business on track for growth means never taking your eyes off the ball,” she continues, adding that the following should be considered:

  • Stick to business basics and keep in place the business practices that got you going, as these are a solid base for future growth. Concentrate on quality, consistency and reliability.
  • Create an effective company mission statement that sets your intended direction and provides you with a framework to ensure that you can take advantage of changes in the market place as they occur. The key to growing a business is making sure that you constantly keep pace with market changes.
  • Focus on doing one thing excellently, rather than doing five things well. It is better to develop one product or service to its limits, than try and diversify and lose the focus on the product most valuable to the business.
  • Build relationships with suppliers and customers that last the distance. The ability to deliver high levels of service means working with suppliers to ensure that they give their best, so your customers can get the best you have to offer.
  • Create a productivity-based culture. Each team member must know what their jobs are, what their outputs should be and what they are accountable for. Looking at introducing incentives or bonuses for notable achievements will help keep people focused on performance. The ultimate aim is to build a workforce that enjoys what it does. This creates loyalty to the company, which benefits from a stable employee base and reduced staff turnover.
  • Develop opportunities from within the company. Promoting people from within boosts morale and stops them looking elsewhere – something crucial for a small company where skills are not easy to replace.

Related: Chivas Regal Wants You To Win the Right Way

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Always keep tabs on costs. Having funds available in order to grow production when money is needed is essential. Losing track of what is being spent within the company is the easiest way to stop growth in its tracks.

  • Ensure the systems and processes you use are the best possible and have the ability to grow with the company as it gears up. The better the company is organised, the more ready it will be to take advantage of opportunities as they arise.
  • Constantly know what your competitors are doing. Good market intelligence means that you can meet and defeat competition in the marketplace. Being aware helps build creative responses to business challenges and can spell the difference between success and failure.

“The best advice about growth is that it should always be a considered, controlled process. Runaway growth in a company means placing people, services and quality under stress. Growing too fast can land a business in hot water as easily as losing control of finances can. Resist explosive growth and keep developing steadily if you wish the business to be sustainable well into the future,” advises Mrs Reeves.

A sound strategy for the future for The Venture finalists looking to enter global markets – no doubt, advice that will be considered by all the 27 finalists in the competition.

Winning the lion’s share of the US$ 1 000 000 prize will undoubtedly go a long way in helping the fledgling SMEs achieve global success, but maintaining and developing that growth rests on the skills and continued hard work of the founders.

“To ensure future sustainability and growth, all business owners need to be able to recognise valuable opportunities when they come their way, and have the knowledge and skills to exploit them to full advantage,” concludes Mrs Reeves.

Chivas are looking for exceptional start-ups that use business innovatively to transform communities and solve global challenges. Whatever it is, if it's brilliant and can create real, positive change then Chivas want to hear from you.

Company Posts

Buy Or Invest In The Next Futuredev Properties Sandton Development

Looking to buy or invest in the next up and coming Sandton residential development? Futerdev Properties are currently developing Full-Title Free standing units, perfectly located just a few km’s away from the hustle and bustle of Sandton’s Central Business District.

Futuredev Properties

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Nearly half of all the office development taking place in South Africa right now is happening in Sandton. Sandton Central is the epicentre of this development, which includes many of the most cutting-edge, exciting and innovative new buildings on the continent.

Sandton Central is well established as Africa’s financial and business capital and continues to grow with developments that embody its vibrant, high-energy ‘live, work, play’ environment. It also currently holds the title of Africa’s Riches Square Mile.

With more people looking to be part of this live, work, play environment and the number of foreigners travelling to Johannesburg for business and work, the demand for residential property around Sandton Central has grown exponentially.

Live, Work And Play: Your Home Away From Home

Futuredev Properties specialises in developing Full-Title Residential Homes in the Sandton Area – Morningside and Bryanston to be specific. The most recent surveys have listed Bryanston as one of the better performing suburbs in terms of Capital Growth.

Our properties offer family living and a home-away-from-home feeling for those working in and around Sandton on longer or shorter assignments.

FutureDev Properties was founded by Akbar Hassim. We have established ourselves not only as an independent, but also a Turnkey Developer – being able to buy Land, Finance the Real Estate Deals, Create, Control and Orchestrate the process of the Development from beginning to end.+

“Our approach to Property Development and Investment therein involves thorough financial and delivery risk analysis, thereafter followed by focused and efficient delivery.”

This approach is underpinned by many years of experience, and an impeccable entrepreneurial spirit.

Buy And Invest In The Latest Residential Developments

We have a number of Residential Developments currently underway, each at various stages. These Full-Title Free standing units, afford residents space and comfort within the security of cluster/ estate living. Perfectly located just a few km’s away from the hustle and bustle of Sandton’s Central Business District, and within close proximity to all major Malls & Shopping Centres, Schools, Hospitals, Gyms and places of worship.

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We afford buyers and investors an opportunity to buy or invest in Prim Residential Real Estate, that provide the perfect balance of Excellent Capital Growth and Steady Income Yields.

Our Offering For Investors & Buyers

  • Full-Title Free-Hold Residential Cluster Developments
  • Prime locations, close to all essential amenities
  • Perfect balance of high Capital Appreciation and Steady Income Yields
  • Investor buyers can purchase with Rental Guarantees

*Limited number of investor units available

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Smoothie Franchise Opportunity: Puré Frooty Is A One-Of-A-Kind Smoothie Franchise Business

Looking for the next greatest franchise opportunity? Puré Frooty Smoothie is a highly perfected Australian business model launching in the South African market that doesn’t require extensive shop fitting or a large workforce.

Pure Frooty Smoothie

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Vital Stats

Puré Frooty Smoothie is a unique business model to the South African market. A delicious, fruit filled smoothie will be created at the touch of a few buttons.

An Innovative Franchising Concept

This innovation in the healthy smoothie industry is ground breaking for South Africa. The machine is manufactured in Australia by a highly skilled team. It took six years to perfect this business model for the consumer market.

The vision of Puré Frooty Smoothie is to offer convenient on-the-go smoothies for anyone. The experience and quality will always be of the highest standard. We aim to be a staple convenience in malls, schools, office parks and hospitals. This is a platform that will allow for self-growth for passionate entrepreneurs.

Our mission is to create a unique customer experience. We want to satisfy the nutritional needs of customers by providing quality smoothies. Puré Frooty Smoothie will be packed with all the goodness a smoothie should offer.

Related: Why Your Franchise Should Adopt A Shared Value Business Model

The four values we pride ourselves in are:

  1. Convenience
  2. Consistency
  3. Quality
  4. Customer Satisfaction.

Why Consider This Franchising Opportunity

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Extensive research into the business model and market

Puré Frooty Smoothie was an idea, researched widely, by people looking to simplify the business process for the consumer and business owner. There was a gap in the market for simplified customer service and a demand for a quicker turnaround time.

Simplified process for setting up a business

For an entrepreneur it can be very overwhelming to start or buy a new or existing business. There are so many crucial decisions that need to be made from the beginning and new concepts to adapt to.

Puré Frooty Smoothie simplifies that drastically:

  • Free-standing machines: The business model revolves around a free-standing vending machine which needs to be visited to refill and maintenance.
  • No shop-fitting required: There is no need for shop fittings or a large work force. All that is required is an inside space for the machine with a power supply.
  • Minimal human resources needed: In terms of a work force, you could either do it yourself or have one person to assist you. There is also a part time involvement where refill station teams can refill and maintain the machine.
  • Cashless business: The business is completely cashless so there are no worries of a note jam, full cash canister or insufficient denomination rand values. More importantly the machines would do a higher turnover than an ordinary vending machine so safety of no cash is important.
  • Easy tracking of stock and performance: A cloud-based system is linked to the point of sale which allows you to monitor your performance and stock from the back-office platform at any given time.
  • Efficient handling of maintenance: With a live point of sale system, the business is linked to a software which monitors the operations of the machine. Should anything malfunction an immediate notification will be sent with a diagnostics report.
  • Human error is eliminated: Everything is done with a computer which leaves little to no room for errors. It is self-order and very user friendly.

Related: SA Fast Food Franchising On The Rise

Why Will Customers Love It

Puré Frooty Smoothie offers a vending machine that can produce a delicious smoothie in forty seconds. An informative touch screen ordering panel which displays all the nutritional information of the smoothie ordered and has the current news and weather.

No time wasted for the consumer. In fact, it’s a learning session disguised as a waiting period. The machine has two wash cycles after every smoothie is made to be freshly prepared for the next smoothie, business hygiene is important.

Consumers live in the fast lane. We are looking for something quick and most times we would like to be healthier. With the hustle and bustle of today’s life every little bit helps. Puré Frooty Smoothie fills that gap in the market.

Interested in Becoming A Franchisee?

Visit our Franchise Info Page for everything you need to know about how to become information a Puré Frooty Smoothie Franchisee owner.

You can also call or write to us:

Phone / 012-942 6360
Email / info@purefrooty.co.za 

Want to know more about this franchise? Watch the video below for more.

 

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Company Posts

Enter The Total Startupper Of The Year Challenge

Are you a young entrepreneur? Do you have a project you believe in? Is it innovative and does it address a social or community challenge in your country or for your fellow citizens? Register and apply now. You could be the Startupper of the Year!

Total South Africa

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Startupper of the year challenge

After the success of the first Challenge in 34 African countries, this year’s has been extended to a total of 55 countries around the world.

3 winners from each country will receive financial support, extensive publicity and coaching. From among these 3 winners per country, we will select grand winners by region, who will be provided with exposure.

This year, a Top Female Entrepreneur category has been introduced. During the first Challenge, women accounted for almost 25% of the winners, even though they only made up 13% of the applicants.

Related: Business Plan Format Guide

With this special award this year, we hope to give the women entrepreneurs an extra push to take part. It is also aligned with other Total initiatives for women.

The 2018/19 Challenge

We aim to support good ideas and projects that help address a widespread problem affecting communities in your country. It could be about providing educational opportunities, reducing child mortality, improving public health, developing access to electricity in rural areas, improving road safety on the roads or building houses with eco-friendly materials — in fact, anything that could make life better in your country.

Tell us how your project will help more and more people over time, at home or even abroad. Tell us how it empowers people, improves living conditions, and contributes to overall economic well-being.

Anyone can change the world — teenagers or graduates, men or women. As long as you believe in your project and want to make things better, take this opportunity to participate. You could be the next Startupper of the Year or the Top Female Entrepreneur!

Enter the Total Startupper Of The Year Challenge Here

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