Sample Business Plan
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Business plan outline
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The nature of the business falls under the Information and Communication Technology (ICT) Industry of South Africa. The industry is diverse and contributes lucratively to the growth of South Africa. In addition, the industry is well recognized for its creation of employment. Between 1991 and 2001, the size of the South African ICT workforce ranged between 45 000 and 60 000 employees and most of these where employed by financial, information technology, business and manufacturing sectors.
The size of the Information Technology Industry in South Africa is currently estimated at US$8.8 billion or R67.7 billion. This can be presented under the following categories:
Growth in the past has been driven and will continue to be amplified by public and private training institutions that produce well over 20 000 people who pass ICT courses per annum.
The industry is projected to grow to around US$13.0 billion or 97.5 billion in 2013. The Information Technology spending growth is noted to be easing further in 2009 as a result of the economic slowdown before recovering in 2010 and 2011. Despite the effects of the economic slowdown, the boom in infrastructure projects as catalyzed by the 2010 Fifa World Cup has helped to encourage IT spending and enhance the growth. The Information Technology industry will offer greater opportunities in the years to come.
players in the industry can be categorised as follows:
The key success factors include:
The provision of fast and reliable services
The factors limiting new entrants in the industry primarily include: