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Business Resolutions and Great Habits
Happy New Year Entrepreneurs🥳🎉 The beginning of the year is a chance to reflect on the successes and failures of the last year and an opportunity to think about what could be done better this year. However your company has performed over 2022, it’s essential to lay the groundwork for a great 2023 as soon as possible. "Entrepreneurship is far more a personal journey than it is a business journey. The extent to which you are willing to grow as a person has a direct impact on your business because, in the early stages, so much of your business is about you." - Rapelang Rabana
This year as entrepreneurs we are working on our journey and saying goodbye to bad habits, ensuring that they have a direct impact on our businesses. Whether you need to expand your social media presence, keep up with the latest technology or invent innovative ways to find new customers, New Year’s resolutions can help small businesses create a plan and stick to it.
Here are five New Year’s resolutions to help you get started.
Our Favourite Funding Articles From 2022
Starting a New Business in South Africa
If you are starting a new business this year, an essential part of running a compliant business is ensuring your business is registered with the Companies and Intellectual Property Commission (CIPC).
Some of the benefits of registering your business in South Africa are business name protection, business compliance and access to government tax incentives and financial assistance.
It’s reasonably simple to register your business. Entrepreneurs can register a new company online on the Companies and Intellectual Property Commission (CIPC) website, or the Bizportal.gov.za website. An alternative way to register your company is through any of the big banks such as First National Bank and Nedbank. Read our guide to starting a small business in South Africa and get more information on legal requirements, must-have documents, raising capital and more.
New This Week (16 January 2023)
Government Funding for SMEs
One of the key ways that the South African government drives the growth and sustainability of small businesses is by providing development funding. This is because the SME sector is of great importance as it contributes to job creation and is an engine of growth for the economy. The South African government provides several different forms of funding, such as grants, tax incentives, loans and equity finance options. The requirements for specific government instruments will differ depending on the specific grant or incentive.
However, it’s important that all businesses looking to access funding be compliant with all relevant regulatory and statutory requirements such as being registered with the CIPC and registered for tax with SARS.
Need Working Capital? For a Free Quote for Business Funding, visit SME South Africa.
The Small Business Bounce Back Guide
Get the Tools & Resources you need to plan your next Bigger, Better, Smarter move. Learn how to build a ‘crisis-proof’ business PLUS actionable advice to help you thrive beyond COVID-19. The Small Business Guide is packed with practical, expert business advice, tips and resources and is ideal for both the experienced business owner looking to rebuild AND new entrepreneurs looking for advice to launch a business without having to pay the COVID-19 ‘school fees’.
What’s Inside:
THE BUSINESS COMPLIANCE CHECKLIST
FUNDING: GET STARTED
FUNDING A BUSINESS: HOW TO GET STARTED
MAXIMISE YOUR MARKETING EFFORTS
THE MONEY MANAGEMENT GUIDE
CASH MANAGEMENT TOOLS