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- Business In A Box Opportunities Near Me
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- Business In A Box Opportunities Work From Home
In this video, you will learn a complete business model that can make you a lot of money today & for the years to come. 1.) You will learn how to create nich. KnifeMasters offers a unique business opportunity for those who are looking for a part-time or full-time income. Acdsee ru for mac torrent. Our 'Knife Sharpening Business in a Box' gives you everything you need to start a successful home-based business. For only $890, you can have a business that can. They are also encouraged to start thinking about other opportunities outside their shop, such as opening up a franchised business. Coca-Cola Beverages South Africa has also committed to exploring and developing a micro-franchise programme supporting township retail development leveraging Bizniz in a Box, as well as the Owner Driver programme.
Coca-Cola Beverages South Africa (CCBSA) set out to implement the Bizniz in a Box programme in 2016 as part of the company's Youth Empowerment Programme. It involves the selection of talented young people who are then given training in marketing, sales, stock management and finance as well as access to funding to start their container business – literally a business in a box.
'Aspiring entrepreneurs in South Africa face a number of challenges including a lack of funding and skills, fierce competition from bigger companies and regulatory challenges. These common hurdles have resulted in high failure rates for small businesses,' says Tsholofelo Mqhayi, head of Enterprise and Community Development at CCBSA. 'Through the Bizniz in a Box process, we're helping young people set up and manage thriving businesses in their communities.'
What sets the programme apart is its incremental process of helping young entrepreneurs operate their own businesses through on-the-job training. The benefit of this approach is that they are assessed on their actual performance in a live environment, rather than in a classroom set-up only. It also gives candidates a true taste of what it's like to operate a micro business independently.
Participants attend an Entrepreneurial Bootcamp where they are given the basic business skills they need to manage their Bizniz in a Box. Prospective entrepreneurs complete a National Qualifications Framework (NQF) Level 2 accredited programme and demonstrate that they grasp and understand basic financial principles.
They are then allocated a fully stocked container shop and operate the store for a period of two months. During this time they need to use their own initiative to promote the store within the community using direct marketing, promotions and other tools. Once the two-month immersion process is complete, the entrepreneurs who meet predetermined performance criteria graduate and proceed to the next phase, going operational.
At this stage, entrepreneurs begin the exciting task of managing their allocated store. This allows them to gain valuable micro-enterprise-related experience under the guidance and support of CCBSA, business development support consultants and mentors. They must then start making monthly repayments towards the start-up capital outlay of the store and inventory. Once the total repayment process has been completed and the entrepreneur meets the predetermined performance criteria, the store is officially handed over to them.
'Bizniz in a Box works on the basis that the youth repay a portion of the capital cost of the store,' says Akona Sishuba, Enterprise Development project manager. 'The money that is repaid is invested in future rollouts of the project, enabling more youth to be supported in their quest to become entrepreneurs.'
Exposure to the programme offers an opportunity to young people to own a micro-business. They are also encouraged to start thinking about other opportunities outside their shop, such as opening up a franchised business.
Opportunities For Businesses
Coca-Cola Beverages South Africa has also committed to exploring and developing a micro-franchise programme supporting township retail development leveraging Bizniz in a Box, as well as the Owner Driver programme which develops logistics entrepreneurs. These will be used to collaborate with the Tshepo 1 Million township economy programme, a partnership to co-ordinate efforts between government and the private sector to help create opportunities for 1 million youth in the province.
'Given the current economic landscape, prospects for growth and development are limited,' says Sishuba. 'Through the Bizniz in a Box programme, youth candidates will be given an opportunity for self-employment, helping to secure their own livelihoods and support their families.'
As Carol Roth says, 'Never trust anyone who won't tell you that you have spinach stuck in your teeth.' I couldn't agree more. Like Carol, I also say what needs to be said, especially when it comes to business.
And that's probably why more would-be franchise owners don't use my advisory services.
While I love the business model of franchising and really feel that it can be a real path (for some) to The American Dream, it's not a guaranteed path. As a matter of fact, becoming the owner of a franchise-type of business isn't for most people. Here's why:
There's real financial risk
Conventional wisdom seems to suggest that buying a franchise is a much lower risk proposition than starting a business completely from scratch. It can be, but not always.
My industry tends to use very enticing phrases that are designed to make you feel that there's hardly any risk involved if you buy a franchise. Here are a few popular ones:
'Be in business for yourself, but not by yourself.'
'You're buying a business in a box.'
'Franchises are turnkey businesses.'
It's true that when you buy a franchise, there are already systems in place that are meant to help you start your new business in a very organized manner. In most cases, a team from your franchise's headquarters is there during the first day or two, (sometimes longer) of your grand opening. So, you're really not by yourself. That's a good thing, and it's one of the best things about franchising. A support system is in place.
But, is a franchise business really a 'turnkey' business? Absolutely not. The only thing that closely resembles the word 'turnkey' is the franchise system itself…not the actual franchise business. Who do you think is the one 'turning the key' every day?
If it was easy…
More people would be writing checks to franchisors (a lot more). But, most people don't become franchise owners. As a matter of fact, most people don't become business owners at all.
That's because there's this thing called 'reality' that starts to set in. Sometimes, it sets in very early in the 'I want to be my own boss, darn it' stage. It's usually a week-long thought…maybe two. Then, a wave of nausea sets in, usually due to the mere thought of using one's own money to start a business with no guarantee of a positive (and profitable) outcome.
Business In A Box Opportunities Near Me
Or it sets in late in the process. I've worked with former company CEOs with significant net worth and watched them curl up into the fetal position (figuratively) right before they were going to sign a franchise contract (and write a $35,000 check for the up-front franchise fee) because they couldn't get past the fear part of investing in a business of their own.
Business In A Box Login Your Account
The bottom line is that there is financial risk involved when you buy a franchise. It's not because franchising is evil. It's because there's a possibility that you can lose your money if things go wrong. You can lower your risk by learning all that you can about the business model of franchising, figuring out if you're a good candidate for franchise ownership, and then carefully choosing and properly researching the franchises that you're interested in.
Coca-Cola Beverages South Africa (CCBSA) set out to implement the Bizniz in a Box programme in 2016 as part of the company's Youth Empowerment Programme. It involves the selection of talented young people who are then given training in marketing, sales, stock management and finance as well as access to funding to start their container business – literally a business in a box.
'Aspiring entrepreneurs in South Africa face a number of challenges including a lack of funding and skills, fierce competition from bigger companies and regulatory challenges. These common hurdles have resulted in high failure rates for small businesses,' says Tsholofelo Mqhayi, head of Enterprise and Community Development at CCBSA. 'Through the Bizniz in a Box process, we're helping young people set up and manage thriving businesses in their communities.'
What sets the programme apart is its incremental process of helping young entrepreneurs operate their own businesses through on-the-job training. The benefit of this approach is that they are assessed on their actual performance in a live environment, rather than in a classroom set-up only. It also gives candidates a true taste of what it's like to operate a micro business independently.
Participants attend an Entrepreneurial Bootcamp where they are given the basic business skills they need to manage their Bizniz in a Box. Prospective entrepreneurs complete a National Qualifications Framework (NQF) Level 2 accredited programme and demonstrate that they grasp and understand basic financial principles.
They are then allocated a fully stocked container shop and operate the store for a period of two months. During this time they need to use their own initiative to promote the store within the community using direct marketing, promotions and other tools. Once the two-month immersion process is complete, the entrepreneurs who meet predetermined performance criteria graduate and proceed to the next phase, going operational.
At this stage, entrepreneurs begin the exciting task of managing their allocated store. This allows them to gain valuable micro-enterprise-related experience under the guidance and support of CCBSA, business development support consultants and mentors. They must then start making monthly repayments towards the start-up capital outlay of the store and inventory. Once the total repayment process has been completed and the entrepreneur meets the predetermined performance criteria, the store is officially handed over to them.
'Bizniz in a Box works on the basis that the youth repay a portion of the capital cost of the store,' says Akona Sishuba, Enterprise Development project manager. 'The money that is repaid is invested in future rollouts of the project, enabling more youth to be supported in their quest to become entrepreneurs.'
Exposure to the programme offers an opportunity to young people to own a micro-business. They are also encouraged to start thinking about other opportunities outside their shop, such as opening up a franchised business.
Opportunities For Businesses
Coca-Cola Beverages South Africa has also committed to exploring and developing a micro-franchise programme supporting township retail development leveraging Bizniz in a Box, as well as the Owner Driver programme which develops logistics entrepreneurs. These will be used to collaborate with the Tshepo 1 Million township economy programme, a partnership to co-ordinate efforts between government and the private sector to help create opportunities for 1 million youth in the province.
'Given the current economic landscape, prospects for growth and development are limited,' says Sishuba. 'Through the Bizniz in a Box programme, youth candidates will be given an opportunity for self-employment, helping to secure their own livelihoods and support their families.'
As Carol Roth says, 'Never trust anyone who won't tell you that you have spinach stuck in your teeth.' I couldn't agree more. Like Carol, I also say what needs to be said, especially when it comes to business.
And that's probably why more would-be franchise owners don't use my advisory services.
While I love the business model of franchising and really feel that it can be a real path (for some) to The American Dream, it's not a guaranteed path. As a matter of fact, becoming the owner of a franchise-type of business isn't for most people. Here's why:
There's real financial risk
Conventional wisdom seems to suggest that buying a franchise is a much lower risk proposition than starting a business completely from scratch. It can be, but not always.
My industry tends to use very enticing phrases that are designed to make you feel that there's hardly any risk involved if you buy a franchise. Here are a few popular ones:
'Be in business for yourself, but not by yourself.'
'You're buying a business in a box.'
'Franchises are turnkey businesses.'
It's true that when you buy a franchise, there are already systems in place that are meant to help you start your new business in a very organized manner. In most cases, a team from your franchise's headquarters is there during the first day or two, (sometimes longer) of your grand opening. So, you're really not by yourself. That's a good thing, and it's one of the best things about franchising. A support system is in place.
But, is a franchise business really a 'turnkey' business? Absolutely not. The only thing that closely resembles the word 'turnkey' is the franchise system itself…not the actual franchise business. Who do you think is the one 'turning the key' every day?
If it was easy…
More people would be writing checks to franchisors (a lot more). But, most people don't become franchise owners. As a matter of fact, most people don't become business owners at all.
That's because there's this thing called 'reality' that starts to set in. Sometimes, it sets in very early in the 'I want to be my own boss, darn it' stage. It's usually a week-long thought…maybe two. Then, a wave of nausea sets in, usually due to the mere thought of using one's own money to start a business with no guarantee of a positive (and profitable) outcome.
Business In A Box Opportunities Near Me
Or it sets in late in the process. I've worked with former company CEOs with significant net worth and watched them curl up into the fetal position (figuratively) right before they were going to sign a franchise contract (and write a $35,000 check for the up-front franchise fee) because they couldn't get past the fear part of investing in a business of their own.
Business In A Box Login Your Account
The bottom line is that there is financial risk involved when you buy a franchise. It's not because franchising is evil. It's because there's a possibility that you can lose your money if things go wrong. You can lower your risk by learning all that you can about the business model of franchising, figuring out if you're a good candidate for franchise ownership, and then carefully choosing and properly researching the franchises that you're interested in.
Business In A Box Opportunities Work From Home
So, what do you think? Are franchises an easier or 'safer' way to be an entrepreneur? Please share your thoughts in the comments below!
