founderscircle
TRANSCRIPT
Justin Coetsee & Paul smith
Problem 2
AffordableExpensive
Increase sales
No impact sales
Solution 3
A low cost scalable incubator that helps small business execute by:
Weekly Meetings
10 entrepreneurs 2-hours
Advice sessionAgent model
WebsitePlatform
Challenge lessonsLeader boards
Meeting coordinationMonitoring
BehaviourChange
Peer pressure Role modellingGamification
Other
Business Model Validation 4
PROVEN MODELS
YPO21 000 members
Toastmasters 1 million members
Weight-less 81 clubs
RESEARCH
Academic ResearchMasters, PhD & Consulting
Pilot1 circle - 10 entrepreneurs
Waiting list 20 entrepreneurs
TRACTION
R100 000 sold
R1.2M pipeline
5 circles launches beingplanned
Market Size 5
SMALL BUSINESS SUPPORTWorldwide market
200B300M
1.5M
SMALL BUSINESS Less than R1M turnover
SA SMALL BUSINESS Btw R1M to R200k
Target Markets 6
PROGRAMMESPONSORS
Enterprise DevelopmentMarketing departments
SME support organisationsGovernment
STARTUP ENTREPRENEURS
23 to 28 years Laptop, Transport
Speak and read English
EXISTINGSMALL BUSINESS
R1M to R200kDesire to grow
Financial Model 7
CLUBSBREAKEVEN
12
PER ENTREPRENEURFEE
R1000
AGENTFEE
30%
Product Roadmap 8
STARTUPCONCEIRGE
6 to 8 months (Mar)30 CLUBS
4 to 6 months (Mar)10 CLUBS
4 to 6 months (Aug)14 CLUBS
MVP WEBSITE
FULL WEBSITE
Google DocsPowerPoint
PDFs
Profile Challenges
Leaderboards
Agents Meetups
Selection
Team 9
Paul Smith Founded 4 businesses Masters and PhD candidate 8 years in SME sector (15 organisations)Branson, Enablis, WBS, etc.
Justin CoetseeFounded 2 businesses IBM 10 years R30M to R60M 18 monthsLean Startup Circle
Vision 10
800Entrepreneurs in 3 years (80 clubs)
Disrupt the SME support industry
Tech partner or co-founder / Funding / Advice / Leads
Contact Details 11
Thanks and Questions
Improving small business execution
Paul Smith 073 954 1346
@paulshawsmith, [email protected]