Free BEE Certificate: Access to the right business resources
You’ll need all the help you can to get the right resources to make your plans successful. Luckily for you, Free BEE Certificate is here to help. Aside from a beneficial certificate, you can also get your hands on different courses and networks that can help you expand your business.
Grow your business with these certificate courses!
Resources are available for you with a Free BEE Certificate. All you need to do is sign up for membership through the website to be granted access to a wide range of business courses that can help you develop your career.
Whatever your business is, these courses below can help you out:
Basics of entrepreneurship
In the 21st century, shifts in trade and businesses are happening frequently. You need to be in the know of these things to fully maximise your options and opportunities. This course can help you grow your business and expand it further in sustainable and profitable ways.
Moreover, the course can also help you figure out how businesses can help tackle social problems in economic spaces through innovative means. Develop your knowledge and expand your horizons to make sure that your business thrives no matter how the seasons change.
Financial accounting for your business
Many people find it hard to keep up with the books of their business, especially for those who are not that good at math. However, it’s necessary for you to learn financial accounting to support your business and keep everything in check.
This shouldn’t deter you from building a business. The financial accounting course can help you understand confusing concepts in keeping your books and running your business smoothly.
Following global trends in business
South Africa focuses on export and trade. If you want to expand your knowledge in this industry then the global trend course is perfect for you. This course focuses on the complexities of the global market and what you can do to steer your business to success.
From helpful insights to different perspectives, multinational company experts will lend you a helping hand to further your knowledge and understanding of global trends. Rest assured that you’d be able to expand your business moving forward.
Effective business writing
In business, it’s important to keep a professional tone in all your communications. Whether it’s email correspondence, business reports or letters, you need to know the best practices in writing.
Business writing is one of the most challenging skills to develop. You’ll need a proper understanding of business jargon and trends to fully communicate your goals, needs and wants to the people you frequently engage with.
The course covers a wide range of topics from grammar and syntax refreshers to format and composition. You’ll sound professional in no time once you undergo this business course.
Fundamentals of retail
Are you planning on entering the retail business and you don’t know how or where to start? This course on the fundamentals of retail got you covered. It’ll tackle a variety of topics that can help you start your retail business. General marketing strategies, inventory management and product pricing will be included in this course.
You’ll also learn about common retail practices that can help you figure out what niche in the market you’d flourish in. Moreover, project management strategies will also be focused on during this course.
Supply chain management and dynamics
Distribution is an important part of the business model. You need to learn what moves the market and which direction your business should head to in terms of supplying products. This supply chain management course can help you sort out what you need to learn about the industry.
You’ll also learn how to conduct business with different supply chains in the market. This way, you’ll be more knowledgeable when it comes to striking deals and constructing contracts for further business development.
How to start your business the right way
As a member of the BEE program, you’ll also get access to different resources that can help you start your business. Although results may vary depending on your strategy, you’ll still have the right resources to help you otherwise.
Don’t know where to start? Here are some tips that can help you with the task at hand:
Do your research first
The market is saturated with a lot of innovative products and services that people can choose from. You need a fresh idea that would make you stand out from the crowd. This is where market research comes in so that you’ll be aware of what’s already out there.
If you already have an idea, this is the time to conduct studies of whether your product would be a successful business. Get information about your prospect demographic so you’ll understand what they need. This will help you create strategies when putting together your business idea.
Moreover, if you have no idea what your business would be yet, this is the right time to find niches that you can penetrate into. Use all the information you can get to your advantage and find out the weaknesses of your competitors.
Develop your business plan
Once you have all the data you need for your business idea, it’s time for you to develop a plan. This will be the blueprint and foundation of your business. You will be referring to this, especially in the early stages.
The first thing you need to do is to pick a business plan format. There are two common categories that you can follow namely:
Traditional business plan format
This plan follows a standard structure that encourages you to go into detail from the executive summary to financial projections. You’ll need to do extensive research so you can go into detail with every section and can be dozens of pages long.
Startup plan format
Although this format uses a standard template, it’s a lot shorter than the traditional format. Its main focus is to summarize the important points of your plans and where you’ll focus your business. Typically, this plan is only one page to two pages long.
Look for ways how to fund your business
This is where your Free BEE Certificate comes in handy. Seeking funding isn’t an easy task since you’ll have to convince either investors or banks why your business deserves funding. With the help of your networks from this platform, you’d be able to gain access to like-minded people that can help you.
Different businesses have unique needs and financial requirements. There is no ‘one-size-fits-all solution that would land on your lap to help further your business plans.
It’s possible to start your business using your personal savings. If you have the money then this can be beneficial for you since you’ll be owning 100% of the business equity. However, this is the riskiest way of funding your business. You’ll have more to lose and nothing to soften the blow.
Check with your financial advisor first if this plan will work for you. If not, you’ll have to seek financial investment elsewhere.
Venture capital from investors
Many investors in the business industry are looking for ways to expand their influence. One of the ways in which they can do this is through funding startup businesses. However, you’ll have to offer an ownership share in exchange for the capital investment.
A good way to maximise this option is to look for investors who you can trust. They should also share your vision so that the business can be stirred in the right direction. This way, even if you give up a seat on the board, you’ll still be able to achieve your goals.
Nowadays, your options are not limited to seeking financial backing from bank loans and investors. You can crowdsource your funding through the internet. There are several crowdsourcing platforms that you can utilise for this.
This is also beneficial for you since you’ll still be able to own all the shares because these are considered donations. It’s a low-risk way to fund your business. There are no big investors to question you and no loans to think about at night. At most, you’ll be giving a small gift or product basket to the people who donated as a way to say thank you.
Before committing to a crowdfunding platform, make sure you read the fine print to know your financial and legal obligations.
For those who want full control of the business but don’t have the capital to jumpstart the plan, a business loan can prove beneficial. You’ll own 100% of the business because you’ll technically be funding it with money that you’ll return over time.
This kind of funding technique requires a traditional business plan. You’ll need to present the bank representative with a concrete plan, expense sheets and financial projections for the next 5 years. The more you go into detail with your projected profits, the more it’ll be appealing to the bank.
Being part of the BEE program can also increase your chances of securing a bank loan. Start your membership and create your Free BEE Certificate to jumpstart your business planning!