The GEP Booster Pitching Programme provides township-based youth and non-youth SMMEs an opportunity to present innovative business ideas to corporates, investors and other entrepreneurs in order to qualify for Business Development Support. Thabo Makhele the co-founder of Kagiso Online (Pty) Ltd was one of the price winners. Thabo Makhele was able to sell his business in less than 3min ( Elevator pitch), He was able to demonstrate why his business was able to generate revenue and also solve community problems by enabling other business owners to be able to make money online through e-commerce without having to own a physical store, SEO “Search Engine Optimization” and world class branding.
Running a small business can be both challenging and rewarding. Determining whether or not you are profitable is one of the keys to running a small business. You will need to understand basic accounting principles if you want to figure out whether your small business is generating an income or not, having the ability to effortlessly demonstrate this challenging task is what made the co-founder of Kagiso Online walk away with the price money which will help him further grow the business.