THRIFT STORE OPPORTUNITY
The Beginning Phase (No cost to start): The Beginning phase of the Thrift Store business offers individuals an opportunity to embark on their entrepreneurial journey with minimal financial investment. This phase primarily requires a commitment from the entrepreneur to the enterprise. The U Can Company plays a crucial role in providing support, guidance, and access to resources through the Fusion application. Entrepreneurs can initiate their Thrift Store business by sourcing second-hand items, curating a collection of clothing, accessories, furniture, and other pre-loved goods. This phase has a significant impact on both the entrepreneur and the community at large. It enables individuals to develop essential business skills, such as inventory management, marketing, and customer service, while creating a sustainable livelihood. Additionally, the Thrift Store contributes to the community by promoting the reuse and recycling of items, reducing waste, and offering affordable shopping options to the local population.
Starter Pack Phase (R5000): In the Starter Pack phase of the Thrift Store business, entrepreneurs can expand their operations and enhance their impact on the community. With the support of The U Can Company, entrepreneurs can invest in store setup, store branding, marketing efforts, and inventory expansion. This phase allows entrepreneurs to establish a physical storefront or improve their existing store space, creating a welcoming and attractive environment for customers. The U Can Company provides mentorship and resources through the Fusion application, enabling entrepreneurs to develop effective marketing strategies, enhance customer experience, and optimize their store operations. By granting funds in the Starter Pack phase, organisations contribute to empowering entrepreneurs, fostering economic activities within the community, promoting sustainable consumption, and providing affordable and accessible shopping options for individuals from low-income backgrounds.
Micro Friendchise Phase (R49,950): In the Micro Friendchise phase, entrepreneurs in the Thrift Store business explore the micro commercialisation and expansion of their business. They have the opportunity to open multiple Thrift Store branches, increase their inventory range, and potentially sell franchise opportunities to individuals interested in starting their own Thrift Store under their established brand. The U Can Company offers comprehensive support to entrepreneurs in this phase, including training, operational guidance, branding assistance, and marketing strategies. This phase allows entrepreneurs to create more job opportunities within the community, increase the availability of affordable second-hand goods, and contribute to the reduction of textile waste and landfill burden. By granting funds in this phase, organisations actively participate in fostering economic growth, environmental sustainability, and the establishment of a thriving ecosystem of Thrift Stores that support individuals in building sustainable livelihoods.
Boza Phase (R250,000): The Boza phase represents the pinnacle of growth and expansion in the Thrift Store business. Entrepreneurs in this phase invest significantly to achieve full commercialisation and expand their operations beyond geographical boundaries. With the guidance of The U Can Company, entrepreneurs can implement advanced marketing strategies, establish an online presence, invest in technology for inventory management and e-commerce, and potentially open flagship stores or franchises in different locations. This phase enables entrepreneurs to create even more job opportunities, provide valuable training and skills development programs, and have a significant economic impact within and beyond their community. By granting funds in the Boza phase, organisations actively contribute to the growth of sustainable livelihoods, the reduction of waste, and the creation of an inclusive and thriving thrift retail industry.