In this edition of Candid Business, Ellis Mnyandu brings out another thought-provoking podcast about how to start a business. His guests for the Small Business Basics feature are Nokwazi Mzobe – founder and CEO of Matoyana, an entrepreneurship development consulting firm, and Maushami Chetty, entrepreneur and partner at Novate Legal.
Legal is not the first step….that is the mistake EVERYONE makes.
Getting the entity registered, creating the website and printing business cards comes later.
I agree with Nokwazi Mzobe about the Business Model Canvas, but there is a couple of steps before that and it is as follow:
1.Know Thy Self – You have to have a clear understanding of yourself and your passions
2.Idea formulation – Finding multiple ideas
3.Incubation – develop idea: The idea you choose needs to align with your passion, values and vision.
4.Idea Validation – Start with Model Canvas
etc.