Wowos Club

“Great things in business are never done by one person, they're done by a team of people.” Steve Jobs

 

8 March 2025

 

Monzon (2021) reported that according to the National Credit Regulator, “most small businesses do not last more than two years due to their inability to access funding”. Manzon also points out that when business owners apply for funding in SA, the banks assess them on many factors, including liquidity, current ratios, credit scores, debtors’ books, and creditors’ books. Many small startups do not have this information, so they cannot provide it. In the same article, Monzon reported that by the end of June 2021, banks had declined 56% of applications due to businesses “not meeting the banks’ risk criteria“. At the same time, 82% of the approved loans went to enterprises with a turnover of R20 million, with an average loan value of R1.22 million.

 

 

Warm regards,

Wonga Ntshinga

founder@wowosclub.org 

2 February 2025 

 

Jason Hunter argues that “Imagination is one of the least understood but most crucial ingredients of business success”. He further claims that “an innovation can increase customer’s productivity by helping them do things faster, better, or in different ways”. Mark Cook once wrote, “Success is not delivering a feature; success is learning how to solve the customer’s problem”. What problem are you solving today for your customers, Wowos? Please read this article: https://hbr.org/2021/05/4-strategies-to-simplify-the-customer-journey, which focuses on the customer journey. Please do share your thoughts with me. 

 

Warm regards,

Wonga Ntshinga

founder@wowosclub.org 

 

Steve Jobs famously stated, “Great things in business are never done by one person; they’re done by a team of people.” Today, I encountered an intriguing article called “Blue Ocean Strategy,” which you can read here: https://hbr.org/2004/10/blue-ocean-strategy. This has convinced me that Jobs’ quote could be refined to “Great things in business are never done by one person; they’re achieved through a team utilizing blue ocean strategies.”

 

 

<p margin:="" font-family:="" font-style:="" span="" style="\\\" "="" font-stretch:="" font-variant-caps:="" line-height:="" font-size:="" helvetica="">Warm regards,

Founder and Director 

Twitter: @ClubWowos 

TikTok: https://www.tiktok.com/@wowosclub 

WhatsApp Channel: https://whatsapp.com/channel/0029Va4SfTB0rGiL6RdFwP2c 

14 July 2024 

 

Entrepreneurship encompasses the establishment or expansion of a business, the willingness to take risks and embrace failure, and the ability to recognise and capitalise on new opportunities to develop innovative products, processes, or markets.

 

Moreover, Yashina and Rosenston (2024: 3) emphasise the common hurdles faced by entrepreneurs when establishing their ventures, such as navigating bureaucracy, recruiting top talent, and securing financing.

 

Given your extensive expertise in this area, I am particularly interested in your perspective on the definition of an entrepreneur.

 

Warm regards,

Wonga Ntshinga

2 July 2024

Dear Wowos,

Are you maximising your business's digital channels? Your website, social media, automation tools, analytics platforms, and customer database are crucial for reaching and engaging your audience. Do you want to enhance your presence on these platforms, or are you seeking a comprehensive review of your digital tools and channels?

Remember, meeting your customers where they are is key!

If you need assistance in any of these areas, please contact me, and I will ensure you receive the support you need.

Warm regards,

Wonga Ntshinga

 8 January 2024

 

Did you know that 20 to 22 Million people in South Africa use smartphones (Taylor, 2023)? This is one of the reasons we moved Wowos Club to a digital club. 

 

Wowos, your business or personal website and mobile app, gives you a chance to establish connections and insight with your customers. Hence, we urge you to hang your website or app in the Wowos Club domain.

 

Let me know if you are looking for a website. We can design and create one for you, or you can hang a page on our website (www.wowosclub.org) - terms and conditions apply. So, increase your customer engagement and gain customer insight now!  

 

Warm regards,

Wonga Ntshinga

15 October 2023 

 

“Business is not about solo genius. It is about collective genius” - Linda Hill 

 

The World Economic Forum says we need to “rethink responsible approaches to business”. According to Weill and Woerner (2018: 34), “Digital mobile technology offers enormous opportunities, for the first time, to interact with the end customer”. My questions are: (i) Have you taken advantage of mobile technology? (ii) Have you used mobile technology to disrupt your customer habits or used it to have a deeper connection with them? If not, let’s chat. 

 

Wowos Club has indeed identified the opportunities that digitisation offers!  

 

Warm regards,

Wonga Ntshinga, 

What do you do differently from your competitors? In other words, how do you develop a competitive advantage over your competitors so that you are much better? 

 

We live in a global village, and we can’t wait for governments to resolve our challenges. We must analyse our operations and supply chains and deliver fit-for-purpose goods and services. 

 

Jones (2014: 532) argues that “starting your own business is often a dream for many people, but it is also very risky”. Monzon (2021) reported that according to the National Credit Regulator, “most small businesses do not last more than two years due to their inability to access funding”. Monzon also points out that when business owners apply for funding in SA, the banks assess them on many factors, including liquidity, current ratios, credit scores, debtors’ books, and creditors’ books. Many small startups do not have this information, so they cannot provide it. In the same article, Monzon reported that by the end of June 2021, banks had declined 56% of applications due to businesses “not meeting the banks’ risk criteria“. At the same time, 82% of the approved loans went to enterprises with a turnover of R20m, with an average loan value of R1.22 million. 

 

We have Business Angels in Wowos Club (WCBA), much like the Dragon Den TV. We can also show you (i) how easily it is to convert your assets into cash to meet your short-term obligations, (ii) how your company can fund its short-term operations (working capital), (iii) connect you to potential clients, and (iv) use our online marketplace and technologies to access new markets and new customers or provide a distinctive value proposition, and finally (v) help you reimagine your business models going forward. 

 

Let us know if you need assistance with funding or pitching at WCBA or becoming a member of WCBA. 

 

Benchmarking and Best Practices

1. Benchmarking; 
2. Best Practises; 

Customer Journey

1. Four Strategies to Simplify the Customer Journey; 

Design Thinking

1. Design Thinking vs Lean Startup; 

e-Commerce

1. e-Commerce Analytics, e-Commerce KPIs, and e-Commerce Metrics; 
2. e-Commerce Accounting; 
3. e-Commerce Marketing; 

Entrepreneur

1. What it means to be one and how to get started; 
2. Effectuation - The best theory of entrepreneurship you actually follow, whether you've heard of it or not; 

Financial Statements and Health

1. The Beginner's Guide to Reading & Understanding Financial Statements; 
2. Four Steps to Determine the Financial Health of Your Company; 

Marketplaces

1. Digital Marketplaces in Africa: Opportunities & Challenges; 
2. How to Sell on Marketplaces: 5 Best Practices for Big Profits; 
3. Top 7 Online Marketplace Revenue Models [2024 Complete Guide]; 

Online Market Research

1. Online Market Research - SEMrush; 

1. The Power of Disruptive Innovation; 
2. The 9 Most Successful Business Models of Today; 
3. Why play is essential for business;