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PREMIER’S COUNCIL ON SKILLS ENTREPRENEURSHIP Keet van Zyl

Exploring the journey of startups, hurdles faced, and the vital aspects required for successful scaling into sustainable small to medium enterprises. Emphasis on balanced growth, business skills, and critical support services.

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PREMIER’S COUNCIL ON SKILLS ENTREPRENEURSHIP Keet van Zyl

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  1. PREMIER’S COUNCIL ON SKILLS • ENTREPRENEURSHIP • Keet van Zyl • www.knifecap.com @KeetvZ @KnifeCap

  2. Business Building

  3. The Startup Curve Path to Sustainability SME Reality Check Initial Enthusiasm Growth & Scale Skills, Networks, Funding Execution Lack of Traction STARTUP Crash of Ineptitude * Opportunity Cost * Ineptitude: Unskillfulness resulting from a lack of training

  4. The Startup Curve Path to Sustainability SME Reality Check Initial Enthusiasm Growth & Scale Skills, Networks, Funding Execution Lack of Traction STARTUP Crash of Ineptitude * Opportunity Cost * Ineptitude: Unskillfulness resulting from a lack of training

  5. Challenges of a Small Business • Limited Resources • 2-5 people • Networks • Red Tape • Short timeframe to make it work Bootstrapped infrastructure Focused on product, not customer • Access to Funding • Funded by ‘3Fs’ • (Friends, Family & Fools) Technical minds but limited business skills • Competitive environment • Support Services • Mentorship

  6. Why Startups Fail ? Startup Genome Project • At the core of any successful business: • 1) Good Product / Service • 2) Large Market for that Product • This enables the Startup to grow/ scale (and become sustainable) • To scale properly it must balance growth of 5 core dimensions: • 1) Customers • 2) Product • 3) Team • 4) Business Model • 5) Funding • Business Skills • Dominant reason for Startup failure? •  Disproportionate scaling of one or more of those dimensions!

  7. Skills required to grow from Small to Medium Enterprise • Balanced scaling/ growth of Business • Business/ strategic planning • Financial management • Sales & Marketing insights • HR & employment assistance • Corporate governance • Product development & pricing strategies • Access to legal & IP services • Creation of business networks • Market access • International expansion enablement • Funding options / Facilitation of funding Skills: Vocation vs. Business Success can be ‘Engineered’: Training, Mentorship, Experience, Funding, Support Services SKILLS/ KNOWLEDGE NETWORKS FUNDING

  8. Game Changers for Growth of Western Cape SME’s Entrepreneurship Training Co-investment/ Fund Raising Support Facilitate Ease of Doing Business Western Cape Growth Equity Fund ? Build Western Cape Entrepreneurial Ecosystem Early-Stage Investment Incentives Catalyse Business Accelerators The WC needs to accelerate the successful development of scalable SME’s to position them to be sustainable, attractive to investors and able to take advantage of growth opportunities

  9. THANK YOU @KnifeCap @AngelHubZA Keet van Zyl www.knifecap.com keet@knifecap.com @KeetvZ

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