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5 Reasons why starting a business is so easy

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Here are 5 reasons why you should start a business today.

1. Online tools
In the business world today you do not need to know how to do everything, study a degree in everything or even pay someone the internet is your best friend. Many industry specific experts have made their knowledge available enabling you to utilise these resources. Resources range from starting a business right through to management of your business.
Here are some free online resources you could utilise in starting a business.

2. Government initiative programmes
Government in South Africa is focusing and driving entrepreneurship in the country by making various funding available for people who want to start a business or simply require capital to improve and maintain their business.
View our 2 part series on public sector funding in South Africa.

3. Funding available
The funding by private institutes is available however the only trick comes in when knowing where to go and how to apply for funding. The availability of funding is South Africa is ranked as one of the easiest in the world to aquire, but then why do entrepreneurs name it as the biggest factor holding them back? Its simple be prepared when approaching finance institutes.

Read our posts on how to prepare and business plan that will get you funding.

4. Easy to register
The CIPC (Companies and intellectual properties commission) has simplified processes allowing you to register a company in a matter of hours. Yes it can be a handful if you do not know what is required of you but it is possible. You should not be hesitant to register a company as it is easy and convenient as well as affordable.

How to register a Private company, simply visit Phase One and all the information, costs, the process involved, what is needed to register a company and additional information will be available to you.

5. Discussion forums
Lastly once your business is up and running if ever you need advice or unsure of what’s required of you visit a forum. Discussion forums enable you to get peoples opinions and learn from people who may have similar problems or know a solution.

Visit The Forum SA for stimulating and informative discussions around all aspects of business.

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The Friday Business Card Impression

Starting a business? Make sure you get all the attention with a unique and memorable business card. Be inspired to design a unique and creative business card from our five categories below.

For more on starting a business visit Phase One.

 

Interactive Business Card

Master Trainer Business Card.

Pop-Up Business Card

12

The Farm Business Card.

Unusual Material Business Card

3

Super Capacity Business Card.

New Media Business Card

10

Laser print Inc Business Card.

Functional Business Card

4

 

Do you think your business card has got what it takes to compete as the most memorable business card in the 21st century. Let us know and you might just make it into one of our top five of the week.

Finding Funding Part A. Break down of Public Sector Initiatives

personal cash loan

Many believe that there is a lack of funding South Africa- false.

There are multiple avenue to explore when looking for funding to start a business. The public sector has an overwhelming amount of initiatives for funding to start a business. By public sector funding we are of course referring to utilising tax money, foreign investments and foreign donations. Public sector funding has a lengthy process to obtain funds but if you plan correctly you will be able to start a business .Here are some public sector funding initiatives available to you to start a business the second installment focuses on the Industrial Development Corporation whereas the first installment focused on initiatives by the Department of Trade and Industry.

Industrial Development Corporation, IDC
The IDC Established in 1940. The IDC is a national development finance institution established to advance economic growth and industrial development.

This is 7 different initiatives by the IDC for Start-ups and small businesses.

1. Gro-E Scheme
Eco friendly industries (Sectors include: agriculture, mining value chain, advanced manufacturing, green industries, tourism and high-level services, media and motion pictures and knowledge economy)

2. Risk Capital Facility Programme
Applicants must be South African and projects located in South Africa or Africa. Requirements are demonstrating financial profitability, highlight job creation, demonstrate female entrepreneurship, involvement of historically disadvantaged persons in management, comply with South African environmental legislation and have an HIV/Aids prevention and awareness programme.

3. Support Program for Industrial Innovation
The Support Programme for Industries consists of three initiatives that all have unique requirements.

Product Process Development (PPD) Scheme provides financial assistance for small businesses who do not have financial assets that are more than R5 million, turnover exceeding R13 million and less than 50 employees.

Matching Scheme offers financial assistance in the form of a taxable non-repayable grant between 50%- 75% of qualifying costs incurred during pre-competitive development. The amount awarded is dependent on BEE shareholders, women and persons with disabilities.

Partnership Scheme repayment levy is calculated as the percentage of the projected value of sales, paid bi-annually, over a specific number of years. The levy percentage and repayment period is set at the time of the award.

4. Transformation and Entrepreneurship Scheme
There are five unique funds under the Transformation and Entrepreneurial Scheme

Women Entrepreneurial Fund criteria for this fund is that at least 50% of shareholding must be by women, can be awarded for starting a business or expansion.

People with Disabilities Fund criteria for this fund is that persons with disability must demonstrate operational and management involvement and have at least 50% of shareholding.

Equity Contribution Fund criteria for this fund are 100% black owned available for new black entrants where shareholders hold a direct or indirect total net asset base of less than R1.5 million.

Development Fund for Workers criteria for this fund is at least 85% owned black worker groupings and can be awarded for starting a business or expanding.

Community Fund finance is provided to marginalised communities wishing to acquire shares in a company funded by IDC.

5. Green Energy Efficiency Funds
The Green Energy Efficiency Fund supports introducing of energy efficiency and self use renewable energy technologies Energy and related cost savings will contribute to improved production capacity, operational effectiveness, competitiveness and job creation.

6. Women Entrepreneurial Fund (WEF)
To qualify for the WEF there should be a minimum 50% female shareholders and they must display operational and management involvement. WEF can be awarded for starting a business or expansion.

7. Distressed Fund
Helps a business to become competitive by ensuring liquidity by providing funds not accessible by banks. The objective of the Distressed Fund is the intervention is to retain jobs and maintain productive capacity.

The requirements for these funds vary.
Contact The IDC or apply online

Follow our three part series for funding available for your business is South Africa. Part A- public sector finance, part B- Private Sector funding and Part C- Corporate Funding.

Starting business visit Phase One. We will guide you.

Finding Funding Part A. Public Sector Initiatives Break Down

iStock_000003231649XSmall[1]Many believe that there is a lack of funding South Africa- false.

There are multiple avenue to explore when looking for funding to start a business. The public sector has an overwhelming amount of initiatives for funding to start a business. By public sector funding we are of course referring to utilising tax money, foreign investments and foreign donations. Public sector funding has a lengthy process to obtain funds but if you plan correctly you will be able to start a business. Here are some public sector funding initiatives available to you to start a business the first installment will guide you through initiatives by the Department of Trade and Industry.

The Department of Trade and Industry (DTI)
The DTI is involved in industrial development, and trade, exports and investments by coordinating and advising legislation to broaden participation in the South African economy. Entrepreneurship is seen as a crucial element to stimulating economic growth and development.

Here are 4 initiatives offered by the DTI which will help you start a business

1. Black Business Supplier Development Programme (BBSDP)
The BBSDP is a grant offered to black-owned small enterprises improving competitiveness and sustainability allowing black-owned small enterprises to become a part of the mainstream economy and create employment.
2. Incubation Support Programme (ISP)
This initiative encourages partnership between large enterprises in South Africa and Small businesses through skills transfer, development, supplier development and market opportunities.
3. Seda Technology Programme (STP)
STP is a part of SEDA (Small Enterprise Development Agency) focusing on technology business incubation, quality & standards and technology transferring services & support to small businesses.
4. The Gauteng Enterprise Propeller (GEP)
The GEP provides non-financial support, financial support and co-ordinates stakeholders to benefit of Small businesses in Gauteng. Supporting, establishing, growing and sustaining small businesses in Gauteng.

To get more information on specific requirements for these funding opportunities visit The DTI

Our second installment will cover another 7 initiatives for public sector finance available to small businesses in South Africa. 

Follow our three part series for funding available for your business is South Africa. Part A- public sector finance, part B- Private Sector funding and Part C- Corporate Funding.

Starting business visit Phase One. We will guide you.

The Friday Business Card Impression

Starting a business? Make sure you get all the attention with a unique and memorable business card. Be inspired to design a unique and creative business card from our five categories below.

For more on starting a business visit Phase One.

Interactive Business Card

Creating a model business Card. Wes Thomas Business card.

Creating a model business Card.
Wes Thomas Business card.

Pop-Up Business Card

Cardboard cut out business card.
Kleines Schaf Business Card.

Unusual Material Business Card

Lavender sachet business card.
Oleander Palm Business Card.

New Media Business Card

USB Memory Direct Business Card

Functional Business Card

Musical business card.
Mod Hair Business Card.

Do you think your business card has got what it takes to compete as the most memorable business card in the 21st century. Let us know and you might just make it into one of our top five of the week.

The Friday Business Card impression : Easter Edition

Starting a business? Make sure you get all the attention with a unique and memorable business card. Be inspired to design a unique and creative business card ranging from Rabbits, Chicks, Chocolate and Religious all for our Easter Edition.

For more on starting a business visit Phase One.

Rabbit Hole Business Card

Die-Cut-Rabbit-Business-Card_2

Creative Candy Land Business Card. Chocolate Bar

creativecandyland.

Black Rooster Business Card
The Church Business Card
Creative-Church-Business-Card_1
Choko LA Business Cards. Chocolate wrappers
CHOKO LA
Macomix Business Card. Wooden Business Card.
macomix
Franny Carufe Business Card.
Franny Carufe
Sid and Pia Business Card.
Sid-and-Pia-by-James-Rivas

Do you think your business card has got what it takes to compete as the most memorable business card in the 21st century. Let us know and you might just make it into one of our top five of the week.

How to Register a Company in South Africa

How-to-Start-a-Small-Retail-Business

“South Africa remains one of the more poorly-performing countries with regards to entrepreneurial activity, despite the factors which are conducive to entrepreneurial ventures, including government policies and programmes aimed at stimulating entrepreneurship,” as stated by the researchers of the latest edition Global Entrepreneurship Monitor (GEM).

So just how do you register a company in South Africa and start your business.

The CIPC (companies and intellectual property commission), which has replaced the previously known CIPRO. CIPC is the body that performs company registrations in South Africa. The CIPC has put cost effective structures in place to ensure that all entrepreneurs with a vision to start a business can register a company fairly simply.Setting up the business in terms of registrations is the easy part when starting a business. Below is some information you need to know when registering a business and once you have registered a business what the requirements as a start-up are.

The company registration of a private company can cost as little as R550 allowing you to benefit from the advantages of Private company as a business owner.

Once your business is registered you can now open a business account ant any major bank in South Africa. There are other requirements to start a business in South Africa such as tax requirements. SARS registrations for your start-up will vary depending on factors such as number of employees, import and export activities of your start-up and other factors. The basic SARS Business Registration will cost R250. If other thresholds are met SARS registrations can cost an additional R250.

Please note: you will need the company registration certificate to open a business account.

Visit Phase One to save 25% on start-up packages for your business, including company registrations and all vital SARS registrations.