Every business starts somewhere, and that’s usually with an idea that gets translated into a business plan. If you are looking to build your own business, it is absolutely essential that you have a plan to follow. This plan needs to be of the highest quality, as it forms a representation of your business as a whole.
It has to be said that South Africans are nothing short of innovative. This is evident more than ever in the number of start-ups that have exploded on to the scene in the last few years. More and more people seem to be taking the plunge into the exciting world of entrepreneurship, much to the delight of their fellow South Africans who luckily get to reap the rewards of some seriously fantastic ideas that are being made into realities.
Starting your own business can be difficult, but growing it can be even more of a challenge. There are often multiple obstacles you have to overcome in order to get your business off the ground, followed by a large dose of passion, dedication and patience needed to make it successful. Growing a business requires flexibility as well as strong organisational and planning skills, to name but a few.
If you’re running a small business, you might feel overwhelmed by the many regulatory bodies and requirements in South Africa. From labour laws and tax regulations to municipal bylaws, health and safety regulations and consumer protection laws, you’ll be spending a great deal of your time simply trying to comply with a range of legislative and regulatory demands.
Leather goods manufacturer Research Unit has beaten stiff competition from 30 finalists to win the Cape Talk 567 Small Business Awards with Sage One, powered by Sage Pastel and Sage VIP. The runner-ups are confectionary maker Sweet Temptations Toffees and upmarket holiday home rental specialist Perfect Hideaways. The Awards aim to recognise and celebrate small businesses that offer exceptional service.
South African SMEs are enthusiastically embracing cloud-based applications such as Dropbox and Google Apps. Though the market is becoming more sophisticated, there are still a few myths that prevail about the risks and benefits of cloud computing, says Ivan Epstein, CEO of Sage Australia, Asia, Middle East and Africa. “The cloud promises to make the use of business IT resources online and on-demand as easy as services such as Gmail and Dropbox,” says Epstein. “It’s about having a flexible new way of buying technology applications and services you need. Many of the fears that surround the cloud are now out of date.”