Your checklists (
0
)
AI Checklist Generator
From the makers of
Manifestly Checklists
Sign in
Email address
Email me a magic link
Home
> NEW VENTURE CREATION SAQA SP240201 CHECKLIST
NEW VENTURE CREATION SAQA SP240201 CHECKLIST
IDEA GENERATION AND EVALUATION
Identify a potential business idea.
Conduct market research to assess feasibility.
Evaluate the strengths and weaknesses of the idea.
Gather feedback from potential customers and stakeholders.
BUSINESS PLANNING
Develop a comprehensive business plan.
Define the mission and vision of the business.
Outline the products or services offered.
Create a marketing strategy to reach target customers.
Establish operational plans and processes.
LEGAL AND REGULATORY REQUIREMENTS
Determine the legal structure of the business (e.g., sole proprietorship, partnership, company).
Register the business with relevant authorities.
Obtain necessary licenses and permits.
Ensure compliance with industry regulations and standards.
FINANCIAL PLANNING
Prepare a preliminary budget and financial projections.
Identify funding sources (e.g., personal savings, loans, investors).
Develop a cash flow management plan.
Set up accounting and financial management systems.
IMPLEMENTATION STRATEGY
Create a timeline for launching the business.
Assign responsibilities to team members.
Develop a marketing and sales plan for launch.
Establish key performance indicators (KPIs) to measure success.
RISK MANAGEMENT
Identify potential risks associated with the business.
Develop strategies to mitigate identified risks.
Create a contingency plan for unexpected challenges.
Monitor risks continuously and adjust plans as necessary.
MONITORING AND EVALUATION
Set up regular review meetings to assess progress.
Evaluate business performance against KPIs.
Gather feedback from customers and stakeholders post-launch.
Make adjustments to the business strategy as needed based on evaluations.
This checklist serves as a structured guide for individuals looking to create a new venture, ensuring that all critical aspects are considered and addressed.
Download CSV
Download JSON
Download Markdown
Use in Manifestly
Use in Manifestly