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MorataBW

This first issue of MorataBW is filled with the latest business opportunities in Botswana, one of the fastest-growing economies in Africa. For this issue, we profile local business success stories in tutoring, agriculture and music: Thobo Khathola reveals all the details about his humble building of Lion Tutoring into a tutoring empire. What's the story behind the breakthrough of Botswana's iconic singer Maxy-Khoisan? Did you know that she grew up not knowing she will be a singer? How about the poetic 'I Can't See My Face Anymore' Painting? The editors show you all that is to know about mortgage, is it an investment or a liability? And also the story behind the notorious car catalytic converter theft, why it is stolen and how to prevent it. Also reviewed: The baking industry - How to start a successful bakery business. The best bakers in Gaborone chosen by consumers. A review of WhatsApp rivals; Telegram and Signal: Do these offer more personal data security over WhatsApp as said? We also tap into the mental attitude that one needs to be a successful entrepreneur, the health risks that entrepreneurs face, and the best Personal Development Android Apps of 2020.

This first issue of MorataBW is filled with the latest business opportunities in Botswana, one of the fastest-growing economies in Africa. For this issue, we profile local business success stories in tutoring, agriculture and music: Thobo Khathola reveals all the details about his humble building of Lion Tutoring into a tutoring empire. What's the story behind the breakthrough of Botswana's iconic singer Maxy-Khoisan? Did you know that she grew up not knowing she will be a singer? How about the poetic 'I Can't See My Face Anymore' Painting? The editors show you all that is to know about mortgage, is it an investment or a liability? And also the story behind the notorious car catalytic converter theft, why it is stolen and how to prevent it. Also reviewed: The baking industry - How to start a successful bakery business. The best bakers in Gaborone chosen by consumers. A review of WhatsApp rivals; Telegram and Signal: Do these offer more personal data security over WhatsApp as said?
We also tap into the mental attitude that one needs to be a successful entrepreneur, the health risks that entrepreneurs face, and the best Personal Development Android Apps of 2020.

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BAKING | LOCAL INDUSTY |MBW<br />

Are you aware that you`re switching to a 5am to<br />

probably 8pm, or even to midnight shift?<br />

open a business bank account, acquire a business license<br />

to operate legally.<br />

1The Business Plan<br />

Helps you detail everything you need to launch a<br />

business, such as the Market Plan, Market and Revenue<br />

Plan, Goods and Services, Market Research and Financial<br />

Plan and Estimates. It also helps with sourcing funding<br />

from the investors. In the case of us here in Botswana,<br />

organizations such as the Local Enterprise Authority (LEA)<br />

provide training to budding entrepreneurs in writing<br />

business strategies, business management systems and<br />

also in developing their skills.<br />

2Bakery Requirements<br />

Start-up capital - this could be personal savings,<br />

from an investor, or a bank loan or grant from<br />

organisations such as CEDA.<br />

Baking skills - very important to get the ball rolling,<br />

one`s skilful hands in culinary arts is vital in the baking<br />

business.<br />

Industrial or home baking equipment - depending<br />

on how small or big one starts, the right equipment and<br />

utensils are very much needed. Ordinary pots will not<br />

do the trick. You need an Industrial Oven, dough mixer,<br />

fondant machine, measuring cups, scale, and cutlery. Big<br />

industrial ovens are the most expensive of all, costing<br />

between P10,000 and P15,000.<br />

Operational space - this could be rented space or better<br />

if one owns it as it will ease the cost of rent especially<br />

before the business makes enough profits.<br />

3Trading license<br />

You nearest council office will help you with a<br />

trading license. To acquire this, submit a copy of your<br />

certified Omang (Identity card), the title deed of operational<br />

land, all company documents to the Commercial office, at<br />

your area District Council Office.<br />

Next is a referral to the Physical Planning office, where<br />

they will go and assess if the area is suitable for business.<br />

This must be in a commercial or industrial area, and they will<br />

issue a report called the zoning report.<br />

Book for inspection - the public health officers will assess<br />

the building you are going to operate in for any hazards, also<br />

ensure that the stuff you are hiring is ensured in case of any<br />

work injury. If you passed the inspection, then you are good<br />

to go. This comes at a cost of P700, with P500 being the<br />

license fee and P200 as application fee.<br />

ByLaw - after getting the license, ByLaw inspects the<br />

business to ensure that they are operating according to as<br />

stipulated in the license. They also inspect during operation.<br />

For instance, a business listed as a bakery should not be<br />

found selling groceries.<br />

4Marketing and Advertising Strategies<br />

Before you open your bakery to the public, conduct<br />

some marketing and advertising.<br />

Conduct market research: This is detailed information about<br />

your market, demographics, who your potential customers<br />

are, the competitors and gap in the market you can fill. You<br />

need to know who your target market is so that you can<br />

come up with suitable strategies for selling your products.<br />

Write a market analysis: Market analysis is a detailed<br />

review of the market. Like demographics, customers, the<br />

competitors and gap in the market you can fill. You need to<br />

know who your target market is so that you can come up<br />

with suitable strategies for selling your products. You review<br />

the demographics and the buying power of the community,<br />

the buying habits.<br />

Set goals for your marketing campaign: Make goals that<br />

March 2021 <strong>MorataBW</strong><br />

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