Planning

Business Plan

Overview: A Business Plan provides the enterprise with a blueprint and step-by-step implementation programme on how to manage the business or to raise finance to fund and/or expand operations.
Specifications:

A business plan should cover these critical areas:

  • Background information about the business - Conduct SWOT analysis and Key Success Factors
  • Outline Marketing Plan (customers, competitors, target market)
  • Compile HR Budget & structure (staff requirements, costs, job descriptions)
  • Summary of key management
  • Financial Review & Risk analysis
  • Technical review (machinery, legal & regulatory compliance)
  • Production plan / shop layout (description of key processes / procedures)
  • Implementation plan
Types / Levels:  
Level 1A New businesses with projected required funding of between R100 000 and R1m.
Level 2A Advanced existing businesses with projected required funding of between R1m and R5m
Level 3A Advanced existing businesses with projected required funding of over R5m.
   
Level 1B New businesses with projected required funding of between R100 000 and R1m. Additionally, a Feasibility Study / Due Diligence were conducted for the business by Virtual Afrika.
Level 2B Advanced existing businesses with projected required funding of between R1m and R5m. Additionally, a Feasibility Study / Due Diligence were conducted for the business by Virtual Afrika.
Level 3B Advanced existing businesses with projected required funding of over R5m. Additionally, a Feasibility Study / Due Diligence were conducted for the business by Virtual Afrika.

 

 

Business Feasibility

Overview: A Feasibility Study is a preliminary study to test the assumptions of a business idea or new channels, or products for its feasibility. The feasibility should provide the entrepreneur with an indication of whether to proceed with the implementation of the new idea, incorporating new channels of distribution into the existing business, or developing new products. It evaluates whether the idea is well-founded and is likely to meet the needs of its intended target market.
   
Specifications:

A business feasibility should cover these critical areas:

  • Market
  • Management
  • Money
Types /Levels:  
Level 1 New businesses with projected turnover less than R1m.
Level 2 Advanced existing businesses with projected turnover between R1m and R5m.
Level 3 Advanced existing businesses with projected turnover over R5m