Ent

repr
eneur
shi
pandbus
ines
smanagementN4:

As
signmentone:

Sec
tionA:ques
tionone:

1.
1.H

1.
2.J

1.
3.I

1.
4.D

1.
5.A

1.
6.E

1.
7.F

1.
8.C

1.
9.G

1.
10.B

Sec
tionB:Ques
tiont
wo:

[Link] eneurisaper sonwhot akesont heri

skandr espons ibil
i
tyofs t
arti
ng
andmanagi ngabus i
ness,typicall
ywi t
ht hegoalofmakingapr of it
.Theyar e
i
nnovative,driven,andr esourcefulindivi
dualswhoarewi l
l
ingt ot akec al
culat
edr is
ks
i
nor dertoac [Link] r
epreneursaretypic
all
ypas si
onat eabouttheir
i
deasandhaveas tr
ongdes i
ret [Link] oblem- s
olvers,
abletothinkout sidetheboxandadaptt oc hangi
ngc i
rcums t
anc esinor dertoac hi
eve
success
.

[Link] omeanoppor t
unit
y,anideaneedstobeevaluat
edandac t
[Link]
bec omeabus ines
sopportuni
ty,youri
deaneedstohaveapotent
ialeconomi
cval
ue
therefor
eitneedst obeabletocreat
eprofi
[Link]
ehavetobecustomerswil
l
ingt
o
payf ortheproduct.
2.
[Link]
ivec
omponent
sofabus
ines
spl
ani
ncl
udest
hef
oll
owi
ng:

• Ex
ecut
iveSummar
y

• CompanyDes
cri
pti
on

• Mar
ketAnal
ysi
s

• Mar
ket
ingandSal
esSt
rat
egy

• Fi
nanc
ialPr
ojec
tions

2.
[Link]
tbus
ines
scont
rac
tofempl
oyment:

(
WOLFANDCO)

SESHERNRAMI
AHREDDY

_
___
___
___
___
___
___
___
___
___
___
___
___
___
___
___
___
___
_

(
Her
einaf
teral
sor
efer
redt
oas“
theempl
oyer
”or“
thec
ompany”
)

and

NI
SHQUAREDDY

_
___
___
___
___
___
___
___
___
___
___
___

0111150338080

(
ID_
___
___
___
___
___
___
___
__)

(
Her
einaf
terr
efer
redt
oas“
theempl
oyee”
)
Ter
msandc
ondi
ti
onsofempl
oyment

Thetermsandc ondi
ti
onss etouthereinwi
llc
ons t
it
utetheemployee’scont
ractwit
h
thecompanywi t
heffectfrom [Link] eabas i
cconditi
onofempl oyment
i
snots peci
fi
cal
l
yment ioned,therel
evantl
egisl
ati
onwil
lbeapplicable(
[Link]
Condit
ionsofEmploymentAc t,Act75of1997,theLabourRelat
ionsAct,Act66of
1995amendment stolegisl
ati
onetc.)

PLACEOFWORK:

Executi
ve'
sprinci
palpl
aceofemploymentshallbeatt heCompany'scur
rentoff
icesi
n
Johannesbur
g,Wat erkl
oof,Sout
hafri
ca,butshallinvol
vetr
avelasnecessar
yto
perf
orm Executi
ve'
sroleasheadofhumanr es
ourc es{HR}oftheCompany.

WORKI
NHOURS

Normalwor
kinghour
swi
l
lbef
rom _
___
_(08:
00)t
o__
___
___
(16:
30)f
rom Mondayst
o
Fr
idays
.

Theemployermaynotrequi
reorpermitt
heempl
oyeet
owor
kmor
ethanf
ort
y-f
ive
(45)hour
sperweek,c
alcul
atedasfol
lows:

Ni
ne(
9)hour
sonanyday,i
ftheempl
oyeewor
ksf
ive(
5)daysorl
essaweek;or

Ei
ght(
8)hour
sonanydayi
ftheempl
oyeewor
ksonmor
ethanf
ive(
5)daysi
naweek;
and

Lunc
hbr
eaksar
enoti
ncl
udedi
nthi
scal
cul
ati
on.

Hour
sofwor
kint
ermsofi
tem 5.
2maybeex
tendedbyupt
ofi
ft
een(
15)mi
nut
esa
day,butmaynotexceedone(1)[Link]
onforthi
spr
ovis
ioni
stoal
l
ow
theemployeet
ofini
shthetas
kathand,especi
all
ywhenservi
ngacl
ient
,att
heendof
awor ki
ngday.

Meali
nter
val
s

Theemployeei
senti
tl
edtoal
unc
hbr
eakof30mi
nut
[Link]
hbr
eakswi
l
lbet
aken
fr
om 13:
00to13:30dai
ly.

J
obdes
cri
pti
on

J
OBTI
TLE

Headofhumanr
esour
ces(
HR)

_
___
___
___
___
___
___
___
___
_.

DUTI
ES:

Theduti
esofthi
spositi
onaresetouti
nt heDutySheetannexedher
etoasannexA.
TheDutySheetformspartoft
hiscont
[Link]
equentchangest
heret
omayonlybe
aff
ect
edinconsult
ati
onwi t
htheemployee.

Althoughtheemployeehasbeenemployedintheposit
ionrefer
redtoinparagr
aph
2.1andwillt
heref
oreberesponsi
blef
orthedut i
esr
eferredtoinparagr
aph2.2.
1
supra,he/
shemayber equi
redtoperf
orm otherdut
iesthatmayr eas
onabl
ybe
expectedofhim/herwit
hinthecompanyfrom ti
metotime.

Duringtheper
iodofemploymentwi thi
nt hecompanytheemployeewil
lrepor
tasper
companynameOr ganisat
ionChartandobeyi nst
ruct
ionsgi
venbyhim/herandany
otherpers
ondulyauthori
sed(ordelegated)bythecompanytodos o.
ANNUALLEAVE

Theempl
oyeei
sent
it
ledt
o(15)f
if
teenwor
kingdaysl
eaveperannum.

Leavewi
l
lnotbegr
ant
edc
onc
urr
ent
lywi
thanyot
herper
iodofs
ickl
eavegr
ant
ed.

Leavewillnor
mal
l
ynotbegr
ant
edwi
thi
nthenot
iceper
iodr
egar
dingt
ermi
nat
ionof
ser
vice.

Leavemaynotbeac c
umulat
edformor ethanei
ght
een(18)mont hs,exceptwher
e
expli
ci
twrit
tenconsenti
sobtai
ned,detai
li
ngtheamountofleavewhi chmaybe
accumulat
[Link]
edwrit
tenappli
cati
onmustbemadet oobtains uchcons
ent.

Leaveaccumulatedintermsofspeci
alper
missi
onref
err
edtoabovewil
lnotbepai
d
outatter
minationofservi
[Link]
atedf
orpurpos
esof
i
nflat
ingaseverancepackage.

Leavemustbeappli
edfori
nwrit
ingi
nthefor
m andmannerpr es
cri
bedbythe
companyfrom t
imetoti
me,andmayonlybetakenaf
terappr
ovalbythecompanyor
i
tsdelegat
edauthor
it
y.

TERMI
NATI
ONOFEMPOLYMENT

Thi
scont
rac
tofempl
oymentmaybet
ermi
nat
edonl
yonnot
iceofnotl
esst
han-

oneweek,i
ftheempl
oyeehasbeenempl
oyedf
ors
ixmont
hsorl
ess
;

t
woweeks,i
ftheempl
oyeehasbeenempl
oyedf
ormor
ethans
ixmont
hsbutnot
mor
ethanoneyear
;
f
ourweeks
,ift
heempl
oyee–

hasbeenempl
oyedf
oroneyearormor
e;or

i
sadomes
ticwor
kerwhohasbeenempl
oyedf
ormor
ethans
ixmont
hs

Ques
tiont
hree:

3.
[Link]
lpower-iskeytosucces
s.i
tisastr
onglongi
ngt oachi
eves
ucc
ess
.Des
pit
e
manyf
ail
ures
,theentrepr
eneurneverl
osesthei
rwil
ltoachi
eve.

Management-I
stheabi
l
ityt
omakepl
ans
,devi
set
arget
s,andt
henex
ecut
e!

Obses
sion-Theent
repreneurwhoisobs
ess
edwi
tht
hei
rgoal
sandul
ti
mat
evi
si
on
wi
llmakeother
sbel
ieveinthem t
oo.

Smart
s-Anentr
epreneurmusthaveol
d-fas
hionedc ommons
ens
eandbeabl
eto
makegooddec
isi
onsanddealcompetent
lywithothers.

Sel
f-ass
urance-Theentrepr
eneuri
ssel
f-as
sur
ed,c
onfidentint
hei
rabi
l
iti
esand
knowshowt olooki
ntothefutur
eandplanwel
[Link]
f-as
suredper
soni
nsti
ll
sfur
ther
conf
idenceinthems
elves
.

3.
[Link]
s:
Asitsnames uggests,asolepropri
etorshipcanonl yconsis
tofoneowner .Ont he
otherhand,apar tnershipcanbef ormedbet ween2peopl eupt oamax imum of20
peopl [Link]
artoutasas ol
eproprietor,i
tiseasytoc hangeyourent i
tyintoa
partnershipbyenteringintoapar t
nershipagreementi fyouwantt obringaddi ti
onal
peopl eintothebusiness,al
thoughitmaybedi ff
icultt
os eparatewhatisownedby
thebus i
nessandwhati sownedbyt heindivi
dualwhenmaki ngt het
ransiti
on.A
pri
vat ec ompanystructurerequi
resonlyoneownerandper mi t
supto50non-
empl oyees har
eholders.

Fundi
ng:

Whiles ol
epropriet
orshipsandpar tnershi
psrelyl ar
gel
yonloansasaf undingmet hod,
pri
vatec ompanieshavet headdedadvant ageofbei ngabl
etosells
har esoris
suenew
sharesinordertoraisec api
tali
[Link] eal
sonumerousavenuesavai l
able
forSMEsi nSouthAf r
icat osecur
ef undingands etupmorefl
exi
blefavourabletax
str
uc t
uresinres
pec tofs mallbusi
nessc orpor
ations.

Veryoft
en,ent
repr
eneur
swithas ol
i
dbus ines
splanwillbeabl
etorais
eventur
e
capi
tali
nordertof
undthei
rstart
-upbus i
nessand,i
fthisi
syouri
ntenti
on,apr
ivat
e
companywouldbeanappropriat
estruc
ture.

3.
3.I
twi
l
lhel
pyout
oreac
hbus
ines
smi
l
est
ones
.

Awell-thought-
outbus i
nessplanhel
psyout ost
epbackandt hinkobj
ecti
vel
yabout
thekeyel ement
sofyourbus i
nessandinfor
msyourdecis
ionmaki ngasyoumove
for
[Link]
ialwhet
heryouneedt osecur
eabus i
[Link]
n
mindthatt hepl
andoesnothavet obel i
keanencyc
lopediaanddoesnothaveto
havealltheanswers.

I
tcanhel
pyougetf
undi
ng.
Busi
nessplansc anhelpyougetfundingorbr ingonnewbus inesspartner
[Link]
oneinplac
ewi llhelpi
nvestorsf
eelconfidentthattheywi
lls
eear eturnont hei
r
i
[Link] i
nessplani
sthet oolyouwi l
lusetopersuadeothersthat
worki
ngwi thyou( ori
nvest
inginyourbus ines
s )i
sas mar
tdec i
si
on.

I
twi
l
lhel
pyous
teeryourbus
ines
sasyous
tar
tandgr
ow.

Thinkofabus i
nessplanasaGPSt ogetyourbus i
[Link] i
nessplan
guidesyouthrougheac hst
ageofs t
arti
ngandmanagi ngyourbusi
[Link]’l
luse
yourbusines
spl anli
keaGPSf orhowt ostr
uctur
e,run,andgrowyournewbus iness.
It
’sawayt othinkthroughanddetailal
lthekeyelementsofhowyourbus i
nesswil
l
run.

3.
[Link]
for
dabl
eands
impl
e

Theadvantagesofasol
epropri
etorshipares
impl
i
cit
yandaffor
dabil
i
ty,part
icul
arl
y
whenregist
eri
[Link],thereareafewt
hingsyouneedtodecidebefore
youregi
sterasasol
epropr
ietor
.

[Link]
reedom andf
lex
ibi
l
ity

Freedom andf l
exi
bil
i
tyofrunningyourbusi
nes sasasol
epropr
iet
ors
hipareincl
uded
i
nt hi
sbus i
nes
sstr
uctur
[Link] oc
essofregis
teri
ngasac or
por
ati
onislongerand
costl
ier,andbusi
nessoperat
ionsasanincorporatedbus
ines
sar
ealsomor e
compl i
cated.

Asas ol
epr opri
etor,youaren’trest
ri
ctedtocompli
catedands tr
ictr
egul
[Link]
sis
parti
cul
arlyatt
racti
vet osmallpropri
etorswhodon’thavethelabourtoconti
nually
ensurethesestri
ctguideli
nesareadher edtoandcarrythem out
.Solepr
opr i
etorsals
o
haveallthedecisi
on- maki
ngf r
eedom.

[Link]
spaper
wor
k

Nobusi
nes
sownerwantsextr
apaperwork,s
osomepeoplepref
ertoregi
sterasa
sol
epr
opri
etor
shi
prat
herthaninc
orpor
atethei
rbus
ines
[Link]
hincorpor
ati
on,it
’s
mandator
yt ofi
leyear
lydoc
umentat
[Link]
hlesspaper
workalsocomesles
s
over
headcos t
sofabookkeeperwhoisfami
li
arwit
hthelegal
i
tiesofi
ncor
porat
ion
andsecur
it
ieslaws.

Si
mplyput
,lesspaper
workmeansyoucanspendmoret
imedevel
opi
ngyouruni
que
busi
nes
sstr
ategytohelppr
eventanyhi
ccupsdownt
heroad.

[Link]
mpl
eri
ncomet
ax

Taxesasas ol
epr opri
etorshi
p(al
soc
onsi
deredsel
f-empl
oymentt
axes)ar
eal ot
si
mpl er
.Asas ol
epr opri
etor,t
her
earec
ertai
ntaxadvant
agest
hatcomewi t
hs mal
l
businessdeduct
ions.

Foras mallbusi
nessthatus estheirownhomeasabus i
nes
sbase,partofhous
ing
cost
s ,i
ncl
udingutil
i
ties,i
nternet,andsuc h,canbewr i
tt
enoff
.Thi
shelpsreduce
personalt
ax esandposs i
blyevenr esul
tinat axrefundwhenyouf i
leyourpers
onalt
ax
ret
[Link]’ tgetthisadvantagewi thc orpor
ations.

[Link]
rai
ght
for
war
dbanki
ng

Justliketaxes,deali
ngwi thcompli
c atedbankingi sahas s
[Link] i
fulthi
ngabout
thi
sf orm ofbus i
nessisbankingsimplici
[Link] anc hooset okeepyourper sonal
chequi ngaccountasyourbus i
nessac count,butyoumayki ckyour s
elfattaxtime
whenyouhavet os [Link]
sc ase,it
’sadvisabl
et oopenas eparat
e
busines sbankac [Link]
scanbedonequi teeasil
y,inexpensi
vely,andevenonl i
ne.

Ques
tionf
our:

4.
[Link]
l
lsandexpert
ise:Entrepreneursof
tenrel
yont hei
runi
quesetofski
ll
sand
exper
ti
setodri
vethesuc cessoftheirbusi
ness
.Thisc
oul di
ncl
udetec
hnicals
kil
ls
,
i
ndustr
yknowledge,l
eader s
hipabi l
i
ties
,andprobl
em- s
olvi
ngcapabi
li
ti
es.
[Link]
onalnet work:Entr
epr eneursleveragethei
rpers
onalnetwor kofcontact
s ,
mentors,advisor
s,andpot entialcus
tomer stogai
nsupport,guidance,and
opportuni
tiesforthei
rbusines [Link]
wor kingcanhel
pentrepreneursaccessresourc
es,
part
nerships,andvaluabl
ec onnec ti
ons.

[Link]
i
enc eanddet ermi
nation:Entrepr
eneur
shipcanbechal l
engingand
unpredict
able,sohavingas trongsenseofres
il
ienc
eanddet ermi nat
ioniscr
ucial
.
Entrepr
eneur sneedt obeablet obouncebackfrom s
etbac
ks ,staymotivat
edinthe
fac
eofobs t
ac l
es,andperseverethroughtheupsanddownsofr unningabus i
ness.

[Link]-discl
osur
eagreements(NDAs):Requir
eanyoneyous hareyourbusiness
i
deawi thtos i
gnanon-discl
osureagr
eement .Thi
slegaldocumentensurest
hatt he
recipi
entagreestokeepyourideaconfi
denti
alandnotdi s
clos
eittootherswit
hout
yourpermission.

[Link]
lectualpropertyprotecti
on:Cons
iderapplyingf orpatent
s,t
rademarks,or
copyr i
ghtstopr otectyourbus i
nessi
deafrom beingc opiedorstol
[Link]
ent scan
protectinventionsorpr oc
es s
es,tr
ademarkscanpr otec tyourbr
andident
ity,and
copyr i
ghtsc anprotectori
ginalworksofauthors
hip.

[Link]
nsecrecyandconfi
dential
i
ty:Limi
ttheinformationyoushareaboutyour
busines
sideatoonlythosewhoneedt [Link] auti
ousaboutdi s
cussi
ngyour
i
deai npubli
corons oci
almedia,andavoidshar
ingdet ai
ledinfor
mationwith
potenti
alcompetit
orsorunt
rustworthyindi
vi
duals.
Keepingyouri deaconfi
denti
alc
an
hel
ppr eventi
tfrom bei
ngstol
enorr epli
cat
edbyot hers.

4.3.
SmallBus
inessAdminis
trat
ion(SBA)-TheSBAof fer
svar
iousl
oanprogr
ams
speci
fic
all
ydesi
gnedtos upportsmallbusi
nesses
,inc
ludingt
hoseownedbyyoung
entr
epreneur
[Link]
oansc anprovidefundingfors
tarti
ngorexpandi
ngabus
ines
s,
purchasi
ngequipment,orcoveri
ngoper at
ingexpenses.
[Link] inessInternat
ional(YBI
)-YBIisaglobalnetwor
koforgani
zati
onsthat
providesuppor tandf undi
ngt oyoungentrepr
[Link]
erpr
ogramss uchas
ment or
ship,trai
ning,andac cesstofi
nanc
et ohelpyoungpeoplest
artandgr owthei
r
business
es .

[Link] i
onalYouthDevel
opmentAgenc y(NYDA)-TheNYDAi nmanycountr
ies
providesfundi
ngands upportt
oyoungent r
epreneursthr
oughgrant
s,l
oans,and
businessdevelopmentser
vic
[Link] etobecome
successfulbus
inessowner
sandc ontr
ibut
etoec onomicgrowt
h.

4.
4.

s
trengt
h:

As
trongbr
andnameorr
eput
ati
on

Awi
depr
oduc
trange

Al
argec
ust
omerbas
e

Goodempl
oyees
ati
sfac
tionandt
alentr
etent
ion

weaknes
ses
:

Hi
ghpr
ices

Poorc
ust
omers
ervi
ce

As
mal
lpr
oduc
trange

Rel
i
anc
eononekeys
uppl
i
er

oppor
tuni
ti
es:

Changesi
ncons
umert
rendsorbehavi
our

Ent
eri
ngnewmar
ket
sors
egment
s
Devel
opi
ngnewpr
oduc
tsors
ervi
ces

t
hreat
s:

Ac
ompet
it
ori
sac
qui
redbyal
argerc
ompany

Anot
herc
ompet
it
orl
aunc
hesanewpr
oduc
tthatt
akesawaymar
kets
har
e

Lac
kofas
simi
l
ati
onwi
thnewt
echnol
ogi
es

Keyper
sonnelr
eti
ri
ng

QUESTI
ON5:

5.
[Link]
eares
ever
alcommonlyusedmethodsofcont
roll
i
ngtheris
koffi
nanci
all
oss
i
nabus i
nes
soppor
tuni
tyorvent
[Link]
tantonesi
ncl
ude:

Ri
skas s
essment:Thisi
nvolvesidenti
fyi
ngandanal yzi
ngpotentialriskst
hatcould
i
mpac tthebusi
ness,suchasmar ketvolati
l
ity,regulat
orychanges ,oreconomic
[Link]
ks,businessescanbetterpr epareforand
mit
igatepotent
ialf
inanciallos
ses.

Di
vers i
fi
cati
on:Divers
ifyinginvestment sandrevenuestr
eamsc anhel pspr
eadris
k
acr
os sdif
ferentareas
,r educingthei mpactoflossesi
nonepart i
cularar
[Link]
scoul
d
i
nvolveinvesti
nginmul ti
pleindustr
ies,product
s,orgeographi
callocati
ons.

I
nsurance:Busi
nessesc anpr ot
ectthems el
vesagainstf
inanci
all
oss
esbypur chas
ing
i
nsurancepoli
ciesthatc overpotenti
alri
sks,s
uc haspropert
ydamage,li
abil
it
yc l
aims,
orbusinessi
nterr
[Link] ovi
deas afetyneti
nc as
eofunexpectedevents.

Contingencypl anni
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ngencyplansf
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Overal
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