Lions’ Den Business Plan Competition (South Africa)

Objectives

• To provide awareness of enterprises in the eThekwini Municipal area.
• To promote successful business role models & success stories of empowerment.
• To provide practical assistance to emerging SMMEs, Co-operatives and learners.
• To showcase successful business enterprises and encourage good business practices amongst SMMEs, Co-operatives and learners.
• To reward and encourage participation on eThekwini’s Business Support Programmes.
• To improve competitiveness amongst SMMEs, Co-operatives and business concepts from learners.
• Promote entrepreneurship within the eThekwini Municipal area.

Categories

• The competition awards will be in the following three categories in which SMME’s and Co-operatives can apply:
  • Emerging business with viable business ideas.
    • Quality: Emerging business with viable business ideas. Businesses with a turnover of less than R100 000 per annum.
  • Established business in need of venture expansion.
    • Quality: Businesses with a turnover of more than R100 000 below R500 000 per annum.
  • Businesses that have demonstrated entrepreneurship excellence.
    • Quality: Businesses with a turnover of more than R500 000 per annum and have demonstrated exceptional business practice.

Eligibility Criteria

• SMMEs, Co-operatives and learners must be a resident and operating within the eThekwini Municipality.
• Only typed business plans will be accepted.
• Only one application per business in each category is allowed.
• All competition entries should be accompanied by a detailed business plan not exceeding three pages with the following guidelines:
  • Executive summary
  • Operation Plan
  • Human Resources plan
  • SWOT analysis
  • Marketing Plan
  • Financials: List all your assets

For more information, visit eThekwini Municipality.