Tasks:

Please read the Case study on $$Sakhumzi Restaurant $$ Exploring new Avenues$$ and answer

the questions below:

$1.$ How do entrepreneurs recognise and respond to opportunities? With reference to the

Sakhumzi case, critically evaluate using relevant frameworks or concepts, e$.$g$.$ The

entrepreneurial mindset: how did Sakhumzi spot the entrepreneurial opportunity?

$(10$ marks$)$

$2.$ Explain how Maqubela employed principles of networking to start up and grow

Sakhumzi$$s$.(15$ marks$)$

$3.$ If you were preparing a Lean Start$-$up Canvas for Sakhumzi, describe what you believe

the $$Unfair Advantage$$ for your chosen start$-$up would be$.(15$ marks$)$

$4.$ Assess any two Lean Start$-$up constructs or elements that Sakhumzi might have utilised

to scale the business. $(15$ marks$)$

$5.$ Sakhumzi is thinking of approaching a venture capitalist to grow the business into a

national restaurant chain in South Africa. What would you advise him to include in his

executive summary and elevator pitch, as this is the first thing venture capitalists would

potentially look at$?$ Do you believe growing the business is viable, especially in current

times? $(25$ marks$)$

$6.$ What advice would you give the business in question to help continue to grow and scaleup the start$-$up$?$ To guide your answer, utilise the various alternative opportunity growth

strategies in the Ansoff matrix.$$