Starting and building a sustainable business can be daunting. With all the resources available, you might feel bogged down with information overload. In this article, we will give you the top seven resources to help you start the foundation for your business empire. Let’s take a look at them.
1. Learn about business
Getting quick bites about different parts of business can help you whether you perform the tasks or not. Build a Business Academy by the NSBC has many guides on various business topics, from naming your business to managing your money. You can also up your money skills by attending Old Mutual’s Moneyversity site.
2. Check your credit score
A good credit score has many advantages for you and your business. You can do a free credit check with Experian and they will also help you to improve your score if it is not favourable.
3. Up your marketing
Getting the word out about your products and services is critical. If no one knows about you, how are they going to buy from you? At Qlutch you can go through a range of step-by-step guides which will help get your marketing and brand strategy up to standard.
4. Get tax-wise
Tax is almost a swear word to many business owners, but you have to pay it. The South African Revenue Service (SARS) have a webpage dedicated to SMEs. Here you can learn about tax and all the nitty gritty parts you need to run a business.
5. Understand the economic climate
To be successful in South Africa, you have to understand the economic climate in which you operate. The Money Show offers weekly podcasts about pressing issues and business news in South Africa.
6. Create your collateral
When you start out, creating your marketing collateral for your business is an advantage. You can use Canva to create business cards, brochures, booklets and any other collateral you may need to promote your business.
7. Get your accounts in order
Using an accounting package from the start can help your business immensely. Not only will you be able to draw up reports easily when it comes to looking for funding, but you will also be able to see how your business is doing with a few clicks of a button. Sage Accounting offer Start for a nominal fee to get you off on the right foot.
By investing time into these resources, you will be well on your way to creating a profitable and sustainable business.
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