Township Biz Fastrack
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About this ebook
The ways in which township businesses are started and grown provide the most fascinating blueprint of lessons for initiating an entrepreneurial venture. These techniques are employed by successful startups around the world to gain traction and foster growth.
"Township Biz Fastrack" offers insights into the development and growth models tailored for businesses based in townships.
The focus is on strong principles, which many township businesses have initially used for start-up but haven't fully adhered to in the long run, to their detriment.
Consequently, they haven't managed to grow and sustain themselves amidst heavy competition and ever-changing societal dynamics.
One principle discussed in the book is bootstrapping, exemplified by starting with the sale of one or two strategic and/or passion-driven products, such as archar, and then reinvesting the proceeds in expansion. This approach allows for practical learning with minimal capital investment risk.
Another principle emphasized is validation. Many businesses that initially sold only a few items have grown based on customer feedback, determining what products to stock further.
The book includes interviews with notable township business owners, who provide strategic survival tactics.
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Township Biz Fastrack - Tiisetso Maloma
Township Biz Fastrack
By Tiisetso Maloma
C:\Users\Tiisetso Maloma\Documents\kabish\Entities\ACTIVE ENTITIES - KABISH\Bula Buka\website - BB\logos - BB\logo black and white - BB.pngCopyright
TOWNSHIP BIZ FASTRACK
By Tiisetso Maloma
Copyright © 2014 Tiisetso Maloma
All Rights Reserved
Print ISBN: 978 0 620 66105 8
ePUB ISBN: 9781329153004
Published: 01 November 2013
Published by Bula Buka – www.bulabuka.co.za
Edited by Bonolo Melanie Rakumakoe
Cover design by Abram Tshivhinda – www.futurebrand.co.za
Layout, eBook conversion and online distribution by www.bulabuka.co.za
Author website www.tiisetsomaloma.co.za
This book or parts thereof may not be reproduced in any form, stored in a retrieval system or transmitted in any form by any means electrical, mechanical, photocopy, recording or otherwise – without prior written permission of the author.
Books by Tiisetso Maloma
Forget the Business Plan Use This Short Model
Innovate the Next
The Anxious Entrepreneur
Understanding the 4th Industrial Revolution & Innovation Easily
Future of Township Economies
Township Biz Fastrack
Tales of an African Entrepreneur
Introducing Ubuntu Stoicism
90 Days to Create & Launch
Innovate Like Elon Musk
About the author
Tiisetso Maloma is a South African entrepreneur and author with ten published books.
His work centres around providing simple frameworks to understand entrepreneurship, innovation, economics, and consumer behaviour.
Maloma specializes in the creation and launch of products.
It is believed by Tiisetso that this is the easiest, cheapest, and quickest time in history to be an entrepreneur and innovator, a belief also reflected in the subtitle of his tenth book, 90 Days to Create & Launch.
Among Maloma's books are Innovate Like Elon Musk,
The Anxious Entrepreneur,
Future of Township Economies,
Innovate The Next,
and Forget the Business Plan Use This Short Model.
Tiisetso has developed various business models and frameworks, including The EBC Business Model,
The Human Greed Pyramid,
and Product Adjacent Possible Success Factors.
Over the past 14 years, he has played a significant role in the creation of over hundred-products, resulting in thousands of sales.
Tiisetso Maloma has made noteworthy contributions to the South African publishing industry as a pioneering publisher and investor in the genre of diary chronicle
books through Bula Buka Publishers. The publishing house has released titles such as Diary of a Cheating Wife,
Diary of a Side Chick,
Chronicles of a Slay Queen,
and Diary of a Zulu Girl,
among many others.
Maloma's professional endeavours span multiple industries, including accounting, clothing, publishing, tech, media, and events.
Tiisetso has collaborated with various organizations such as Standard Bank, The Innovation Hub, Sappi, ABSA, The Hope Factory, Transnet, and the City of Tshwane.
His work has been featured on The Huffington Post, CNBC Africa, How We Made It In Africa, Under