Starting a Tourism Business

Buying an accommodation business

There is a lot of research that must be done before you buy an accommodation establishment. There are the obvious physical aspects like the location, size of the property, quality and age of the building, quality and condition of the furniture, fixtures and fittings as well as number and size of rooms. So now you have found the "perfect" B&B/guesthouse/lodge to buy. There are more questions you need to ask about the establishment and how it is run.

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Companies and Intellectual Property Commission (CIPC)

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.

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Entrepreneurs Growth Centre

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.

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How to start a B&B or guesthouse

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.

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National minimum wage

As of January 1st 2019, there exists a national minimum wage which applies to all employers and workers, except for members of the National Defense Force, National Intelligence Agency, South African Secret Service, or unpaid volunteers working for charity. The national minimum wage was effected through the National Minimum Wage Act which came about as an attempt to address the income disparities in the national labour market.

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Preparing a business idea

Ok, so you have a great idea. In the early hours of the morning this idea has the potential of Google as it floats around in your semi-sleep state. You wake up and write it all down with flow diagrams and income streams all neatly defined. Now what? Taking an idea from concept to reality is what makes us Entrepreneurs. Here are some simple questions to explore when next you have an entrepreneurial epiphany. Knowing the answers to these questions will assist in placing your concept on the road to reality.

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Small business financiers and investors

When asked, the majority of entrepreneurs will tell you that access to finance is their greatest challenge. Funders may target certain industries, types of business or even geographical areas. By knowing who and where these financiers are, you can approach the most appropriate organisation that meets your business's specific needs and goals. This document provides an overview of organisations that provide funding to the smallest micro businesses all the way through to medium-sized enterprises in South Africa.

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Start-up costs for an accommodation business

If you are thinking of starting an accommodation business (e.g. a B&B, guesthouse, lodge or similar), here are some of the costs associated with getting started
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Start-up vs buying an existing business

Buying a business is an alternative way to get into business with less risk than normally associated with a start-up venture. But there are still many factors you have to consider before signing on the dotted line. This article looks at those factors as well as why buying an existing business may be better for you than going the start-up route. Either way, getting professional advice is essential, as this will help you cover the unknown aspects of the business venture you are pursuing.

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