OP­POR­TU­NITY FOR YOUNG EN­TREPRENEURS

The Witness - - YOUR MONEY - — Busi­ness Ed­i­tor

THE 2017 Toolkit BUSI­NESS/PART­NERS Busi­ness Plan Com­pe­ti­tion for As­pir­ing Young En­trepreneurs will again pro­vide an op­por­tu­nity for young and am­bi­tious in­di­vid­u­als (18 to 35 years) to try their hand at en­trepreneur­ship.

The com­pe­ti­tion, en­tries for which close on July 31, of­fers cash prizes and free men­tor­ship from lead­ing busi­ness ex­perts as prizes for eight re­gional win­ners and one over­all win­ ner.

The com­pe­ti­tion com­prises three phases. The first is a full­day work­shop on how to com­pile a busi­ness plan. All el­e­ments of start­ing a busi­ness will be dis­cussed, in­clud­ing fi­nan­cial man­age­ment, mar­ket­ing, le­gal con­sid­er­a­tions and em­ploy­ment is­sues.

In the sec­ond phase, par­tic­i­pants are re­quired to draft and sub­mit a busi­ness plan, which a panel of judg­ es will eval­u­ate.

The fi­nal phase is dur­ing Global En­trepreneur­ship Week, Novem­ber 1317, 2017, where one of the re­gional win­ners will be named the na­tional win­ner.

• To en­ter the SME Toolkit BUSI­NESS/PART­NERS Busi­ness Plan Com­pe­ti­tion for As­pir­ing Young En­trepreneurs, visit http://southafrica.sme­toolkit.org/

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