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How to start a Business without the Costs.
[ THREAD ]
[ THREAD ]
Introduction
The aim of any business is to drive down costs and maximize profits.
Easier said than done, right?
When it comes to having a business, there are running costs to maintain it, and you’ll need a revenue model to keep afloat.
Take a look at these 7 steps:
The aim of any business is to drive down costs and maximize profits.
Easier said than done, right?
When it comes to having a business, there are running costs to maintain it, and you’ll need a revenue model to keep afloat.
Take a look at these 7 steps:
1/ Step 1
Starting out,
you’ll need a business partner(s) and between all of you, you will need to have saved R5000
Then,
go open a 32 day investment account. Monthly fees are rebated once you have over R5000 in the account
Interest rates are rising, so it’s in your favor
Starting out,
you’ll need a business partner(s) and between all of you, you will need to have saved R5000
Then,
go open a 32 day investment account. Monthly fees are rebated once you have over R5000 in the account
Interest rates are rising, so it’s in your favor
Step 1:
Define your target and niche.
Recruit a small group of people, friends, family, investors.
My group was expats.
Have a window period for recruitment and target a predetermined number of people, then close admission.
*Try to Keep it as confined as possible.
Define your target and niche.
Recruit a small group of people, friends, family, investors.
My group was expats.
Have a window period for recruitment and target a predetermined number of people, then close admission.
*Try to Keep it as confined as possible.
Step 2:
Open a 32day investment acct. Members can contribute an amount to this account on the monthly, as mandated by the stokvel contract.
We decided to contribute between R1000-R5000 a month. Our contribution amount is totally dependant on our affordability for the month.
Open a 32day investment acct. Members can contribute an amount to this account on the monthly, as mandated by the stokvel contract.
We decided to contribute between R1000-R5000 a month. Our contribution amount is totally dependant on our affordability for the month.
