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MNE1501 Assignment 6 (ANSWERS) Semester 1 2026 - Due May 28 2026

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MNE1501 Assignment 6 (ANSWERS) Semester 1 2026 - Due May 28 2026. For assistance, Whats-App 0.8.1..2.7.8..3.3.7.2. Guaranteed distinction quality with trusted academic solutions, clear explanations, professional formatting, and reliable support. Case Study: Kabelo’s Eco-Packaging Venture Kabelo started a small business manufacturing eco-friendly food packaging for local restaurants in Johannesburg. His business, GreenWrap Solutions, gained popularity as businesses sought sustainable alternatives to plastic packaging. As demand increased, Kabelo needed additional funding to purchase machinery, hire staff, and expand distribution. He considered several financing options, including bank loans, angel investors, venture capital, and government small business grants. While seeking investors, Kabelo also wanted to maintain control of his business and ensure that his expansion aligned with his sustainability mission. Case study Using the case study above and the study guide, write an essay where you discuss the following: 1.1 Identify and explain the entrepreneurial opportunity that Thandi recognised in her community. (5 marks) 1.2 Discuss the key entrepreneurial characteristics that contributed to Thandi’s venture creation. (8 marks) 1.3 Evaluate the challenges Thandi may face as a new venture owner and propose practical solutions. (8 marks) 1.4 Explain how innovation and digital tools can enhance the long-term sustainability of Thandi’s business. (4 marks) • Please read the case study below and answer the questions that follow. • Answer ALL the questions. Case Study: Thandi’s Mobile Beauty Studio Thandi, a 24-year-old entrepreneur from Durban, noticed that many working women in her township struggled to find time to visit beauty salons due to long work hours and transport costs. Recognising this gap, she launched a mobile beauty service called Glow on Wheels, offering hairstyling, nails, and skincare treatments directly at clients’ homes. She used her personal savings to purchase basic equipment and marketed her services through groups, Facebook, and community referrals. Her customer base grew quickly, but she soon faced challenges such as inconsistent bookings, limited funding, and competition from established salons. To grow her business, Thandi began researching entrepreneurial strategies, customer relationship management, and digital booking systems. She also considered expanding into selling beauty products online. Question 2 25 marks Case Study Required: 2.1 Discuss the various funding options available to Kabelo as an entrepreneur. (5 marks) 2.2 Explain why venture capital may or may not be a suitable financing option for Kabelo’s business. (5 marks) 2.3 Analyse the factors investors would consider before investing in GreenWrap Solutions. (5 marks) 2.4 Discuss the risks associated with external financing for entrepreneurial ventures. (5 marks) 2.5 Recommend the most suitable financing strategy for Kabelo’s business and justify your answer. (5 marks)

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MNE1501
Assignment 6 Semester 1 2026
Unique number:
Due date: 28 May 2026
QUESTION 1

Introduction

Thandi’s case shows how a small business can begin from a real community need. Glow on
Wheels responds to women who want beauty services but face time and transport problems.
Her business also shows opportunity recognition, risk-taking, creativity and the need for
careful planning in new venture creation.

1.1 Entrepreneurial opportunity

Thandi recognised a service gap in her township. Many working women wanted beauty
treatments, but normal salons were not always easy to use because clients had long
working hours and transport costs. This created an opportunity for a mobile beauty studio
that brings hairstyling, nails and skincare to customers at home. Her idea was practical
because it saved clients time, reduced travel pressure and gave them comfort. An
entrepreneurial opportunity often starts when a person notices an unmet need and finds a
way to satisfy it through a product or service (Van Aardt and Bezuidenhout, 2019). Thandi’s

, QUESTION 1

Introduction

Thandi’s case shows how a small business can begin from a real community need.
Glow on Wheels responds to women who want beauty services but face time and
transport problems. Her business also shows opportunity recognition, risk-taking,
creativity and the need for careful planning in new venture creation.

1.1 Entrepreneurial opportunity

Thandi recognised a service gap in her township. Many working women wanted
beauty treatments, but normal salons were not always easy to use because clients
had long working hours and transport costs. This created an opportunity for a mobile
beauty studio that brings hairstyling, nails and skincare to customers at home. Her
idea was practical because it saved clients time, reduced travel pressure and gave
them comfort. An entrepreneurial opportunity often starts when a person notices an
unmet need and finds a way to satisfy it through a product or service (Van Aardt and
Bezuidenhout, 2019). Thandi’s opportunity was also linked to convenience. Instead
of copying established salons, she changed the place and method of service
delivery. This made Glow on Wheels useful to women who needed flexible beauty
care.

1.2 Entrepreneurial characteristics

Thandi showed initiative because she did not wait for employment or outside funding
before starting. She used her savings to buy equipment and began serving
customers with the resources she had. This shows self-reliance, which is important
in starting a new venture (Van Aardt and Bezuidenhout, 2019). She also showed
opportunity awareness because she understood the daily problems faced by working
women in her area. Her decision to use WhatsApp, Facebook and referrals shows
creativity and basic marketing skill. Thandi also took a risk because she invested
personal money without a guarantee that the business would succeed. At the same
time, her risk was not careless because she started with basic equipment and built
her customer base slowly. She also showed persistence when challenges appeared.
Instead of closing the business, she researched customer relationship management

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