Date : 30 January 2026
Generate Business Ideas
Helps learners to be creative
Mind Mapping- Taking steps to start a business
Scamper techniques-(Substitude, Combine, Adapt, Modify, Put to another use, Eliminate, Reverse
Problem Solving-Used to improve the existing product or service
To start a business has to start by thinking about loss for few month
- Common problems and Solutions
Problems for a car wash are: Lack of Water and Electricity Outage
Solution are: JoJo Tanks and Solar Panels
Trend Spotting: Researching about business
Disadvantages of delivery in Diepsloot( hijacking and poor roads)
Solutions: Put time for delivery at least from 9am to 6pm to allow time for first orders next day
Digital Marketing-Away of marketing through social media
Evaluating Business Ideas: Substance-Long term or Short term
Profit-Can it make money
Visibility-Can it be easily found
Conducting a visibility study-Research if it will work or not
Operation-Can you deliver
Finance- How much capital do I need?
For an example capital R50000 and to run R150 000
You think fast when you have less money
Legal and environment issues
Issues that can affect “Fast Food” can be pollution - Business Plan Component
Invest and Partners
Day to Day running business
Cash Flow-A way of receiving money and using it immediately
Profitability Project-Break down everything - Develop vision, mission and objectives-Personal Motivation
Meeting Adjourned: 13:05
Minutes prepared by:
Manoko Irene Ditsoabane