Starting a Business
What not to do when starting a business
Most, if not all, entrepreneurs have heard a variation of the statement "75% of start-ups fail within the first year". While this statement is often altered and taken out of context, the fact is that failure within the first year of business isn very likely for many start-ups. These 10 tips will help you better prepare for and navigate the start-up journey.
Most aspirational or established entrepreneurs will know that there is no shortage of "How To" articles that reiterate the same business tips for starting a business and succeeding as an entrepreneur. This is not one of those articles. This article looks at 10 uncommon business tips that entrepreneurs probably have not come across before.
Business etiquette involves more than eating with the right fork or leaving a suitable tip.
Business Unity South Africa (BUSA) was formed in October 2003 and began operating in January 2004. This created the first representative and unified organisation for business in South Africa. Today, through its extensive membership base, BUSA represents the private sector being the largest federation of business organisations in terms of GDP and employment contribution. BUSA is a non-profit company representing cross-cutting organised business interests in South Africa.
Is it legal and ethical to use one's employer's time and resources to start your own business? No. The law says that all material or product or contacts developed whilst in the employ or under contract by an employer belongs to that business. It cannot be used for profit elsewhere. This includes tools, machinery, equipment, software, contacts, content, intellectual property or anything else that you may think is free to take home. Written permission is required to use any such material.
It's amazing how few entrepreneurs put thought and research into naming their business. There are certain guidelines to follow to ensure you not only choose a good name, but that there won’t be negative consequences for your choice. No matter what type of venture you're setting up, the key is to opt for a name that distinguishes you from other businesses.
The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service. Its main functions include the registration of Companies, Co-operatives and Intellectual Property Rights (trade marks, patents, designs and copyright) and maintenance thereof as well as the disclosure of Information on its business registers, among others. Find out more in this article.
When starting a small business,it's important to ensure that you’re not contravening competition law. Competition law has two sources: the Competition Act, 89 of 1998, and the common law (i.e. law based on case law and old authorities). The Competition Act focuses on two broad areas: (a) harmful competitive practices that existing businesses may not engage in; and (b) the competitive effects of mergers and acquisitions. This article explores how not to contravene competition law.
The most common serious mistake made by entrepreneurs is not choosing the right business from the very beginning. This article will provide you with important evaluation techniques to decide which business is right for you. Use this article and the videos within it to plan how to start your new business. Planning ahead for your business will make it both successful and fulfilling.
The Entrepreneurs Growth Centre is a support desk for entrepreneurs wishing to start or grow their businesses. The centre provides entrepreneurs with the information needed to run a successful business, addresses the challenges entrepreneurs face and, in doing so, promotes and develops entrepreneurship in South Africa.
Business Partners Limited has compiled a list of institutions and training providers offering courses in business management and entrepreneurship, which should add value to someone looking to start or grow their small business. This list focuses on accredited courses. Full time, part time, distance learning, and even online programmes are included in this list.
Owning and running a small business is an impressive feat. For some, however, reaching this point can be difficult and confusing. You might not be sure of your business concept or you might still be figuring out how to manage your finances. But, if you follow these simple tricks and tips, you will become the success you have always dreamed of.
Many, many new entrepreneurs start out with something they are passionate about, something they love doing and are great at. But soon they find that the new business demands that they spend most of their time on things they really do not like to do at all. Those are also the things they mostly are not so good at. They have to force themselves to struggle through the tasks so that the business can survive, but this does not need to be the situation. In fact, you are more likely to succeed if you do something you love.
When starting your business, there are certain occasions when it's advisable to get professional advice. A lawyer, for example, can explain the conditions of your loan agreements, contracts and leases. On the other hand, entrepreneurs are at times so intimidated by certain processes that they hire professionals when they can actually do it themselves. So how do you know when it's best to call in an expert and when it's okay to do it yourself?
Starting and running a guesthouse or bed and breakfast in an idyllic location is a dream that many people share. It is seen as an attractive alternative to corporate jobs because it is considered to be less stressful, less structured, and more peaceful. However, it is as carefree as it seems. This article looks at three tips to help you start and run a successful guesthouse or B&B.
Want to know how to start a construction company in South Africa and more specifically what documentation you need for construction tenders and contracts? This article helps you identify the documents you need and where to get them, whether you're an informal business wanting to step it up a notch (by employing staff and applying for RFQs, tenders, and contracts) or an entrepreneur looking to start a new construction company in South Africa.
National Business Initiative - a voluntary group of companies promoting sustainable growth & development in SA
A practical guide to starting and managing your own successful business in South Africa - Book review: Of Course you Can, Brian Adams
Goal-setting is crucial to any business's success. Review this article to help you set short-term and long-term business goals and successfully achieve them.
Many entrepreneurs are starting online businesses and while this can be a great way of getting into business, it's by no means easy to make a success of it.
Whether you’re a seasoned business owner looking to move into the property industry, or an entrepreneur seeking to make your name in property, there are certain important considerations to make before starting a property related business. Here are some of the most important facts to consider and keep in mind when starting your business.