02/11/2023
Do you want to start a Spaza shop?
Township Economy Matters
Answer these few questions. 1. Budget: How much startup capital do you have? Is it a loan or savings? 2. Location: Have you identified location? Why that location?. Any structure available? Is It ready for use or need renovations@ what costs? Size, visibility, accessibility of structure? Do you own or rent? Title deeds or Lease agreement, incl electricity usage, water, store room & extra rooms. Security features? Any Risks? 4. Equipment: Do you have access to shelves, display fridges, empty coldrink bottles & crates, POS + stock management, airtime machine, van (car): 5. Experience: management, directors, staff? 6: Your cash & carry? Price competitiveness, distance from shop, quality of products, effectiveness & effeciancy (eg. Delivery) 7. Compare yourself to your Competitors. 8. Monthly expenditure: 'The Business Clinique '9. Compliance: CIPC certificate? Tax, health certificate, Business bank account, zoning. 10. Target market: what are other surrounding businesses, eg kota shops, what class & behavior of residents (Market research), how big is the population around the shop. These are just few of the many things you need to consider before starting a Spaza shop.
For business profile, Business proposal or cashflow projections to apply for TREP funding (Funding for spaza shops) contacts 'The Business Clinique' on Facebook or Inbox, Connecting your brand to the world