The objective is to support participants with examining what success means to them as they develop three-year growth plans for their businesses. In the process, participants will analyse thestrengths, weaknesses, opportunities, and threats (SWOT) of the business that can enable them to reach their targets or impede meeting them.
Specific goals to be accomplished during the bootcamp
This session will go deeper into the question of the feasibility of the growth targets set forth in the previous session. For example, participants will assess what type and amount of growth is appropriate for their business at this time. The session will focus on assessing the current financial strength of the business, and participants will start delving deeper into understanding the ential market opportunities.
Participants explore opportunities for market growth through engagement with customers and interviews with potential markets targeted in the previous session.
Based on the information received from the previous sessions and research during the market validation exercise, participants will marketer-assess their growth targets and business SWOT analysis and start deriving a plan for achieving the growth targets,
Participants will identify the financial implications of their growth plan by developing a three-year financial plan. This financial plan will concentrate on the primary financial components that determine overall profitability – Sales, Cost of Goods Sold, and Operating Expenses.
Participants will consider the impact of regulations and standards on the plans they have made to date by meeting with representatives from the Zambia Revenue Authority, National Pension Scheme Authority, Patents and Company Registration Agency and Zambia Bureau of Standards.
The participants will prepare plans they have developed during the Bootcamp, discuss next steps and use this information to update their pitch decks from the speed dating sessions. Entrepreneurs will also revise the pitch deck structure to adopt the growth targets they have adopted for their businesses.
Entrepreneurs will deliver pitches to a panel of judges according to the criteria shared with them on the previous day.
The lessons discussed above will be administered by expert coaches identified from within the consultants’ workforce and their networks.