INFOGRAPHIC: How to claim your free invoice tool to grow your startup

Here’s everything you need to know to claim your free invoice tool.

We know it’s hard to get everything you need when your business is still growing, that’s why were offering you a free invoice tool. The best part is, you can manage this tool online and straight from you mobile phone.

You’ll have free access to create invoices and estimates for your clients, up until you receive your first payment from a client. Then it’s only R150 p.m. PLUS you gain access to a wide range of business management tools vital to the growth of your business. 

If you need any assistance with claiming your free tool, simply Contact Us.

free invoice tool

 

We’ve decided to partner up with 1App to give you this exclusive offer, as 1App offers fantastic online business operations and management system that you can either access from your desktop or you mobile device.

It assists you in doing everything from estimates and invoicing, to generating financial statements and geo locating clients and sales representatives.

How to afford a professional website TODAY with a Website Payment Plan

Now almost all South African entrepreneurs can afford professional websites with the Website Payment Plan! Get a website within a week.

Website Payment Plan

Here are 4 things you need to know about our Website Payment Plan:

  1. You only pay R279.00 this month

If you’re a start-up or small business owner you probably don’t have the funds for large setup costs.

However, you still need a professional, high-quality website. A website that will represent your Company as a credible and reliable business to your potential customers.

That’s exactly why the Business Experts at Company Partners created the Website Payment Plan option.

This option allows South African entrepreneurs to get professional websites right away without having to spend thousands.

“Anyone who wants a place in business today, needs a digital presence,” explains Website expert and Certified Google Analytics individual Daniel Coetzee.

“A website is the minimum requirement.”

You only pay R279.00 registration cost this month. After the first month, the monthly cost remains R279.00 for a full, rolling 12-month period.

The best part is, the monthly price includes everything.

It includes:

  • A brand new website design
  • Monthly website adjustments
  • ALL your hosting * and email costs.

Hosting costs are the monthly costs associated storing your website online.

Website Payment Plan

  1. You will receive a website within a week

Time is a valuable asset to any entrepreneur.

That’s why we’ve ensured our Website Payment Plan takes only a week.

Our Website Team delivers a high-quality websites. They within 5 working days upon the receival of all the necessary info needed for your new website.

  1. Your website will be designed and maintained by an Expert

Our Website and Certified Google Analytics Expert Daniel Coetzee has over 7-years experience in Website Design. Daniel only creates websites that are up-to-date with industry standards.

Your monthly fee includes 30 minutes with our Website Expert for any adjustments needed to your website.

Check out the latest website design > > cleanerkwasani.co.za.

  1. You can downgrade or upgrade to an Online Shop later

After your rolling 12-month period is finished, you can downgrade to a R149 Payment Plan. This plan covers your monthly Hosting Costs and 15 minutes of maintenance and support with our web expert.

If you stick with the R279.00 plan, we’ll redesign your entire website. You’ll also get a full 30 minutes of Maintenance and Support every month.

If you have the need to sell products from the comfort of your home, you can simply upgrade to our E-commerce Website. It’s Payment Plan costs only R890.00 per month.

Read our blog post on how an Online Shop on your website can boost your business here >> Starting an Online Shop has never been easier in SA.

Still not sure your business needs a website? Here’s why you do:

There are more than 28 million* Internet users in South Africa. That means most people will check out you business’s credibility by seeing if you have a professional-looking website.

“Anyone who wants a place in business today, needs a digital presence,” explains our Website and Certified Google Analytics Individual, Daniel Coetzee.

“A website is the minimum requirement.”

It’s vital to have a website to ensure potential clients take your business seriously. 

More Payment Plan services for under R300 for your business

Tax Subscription Service > We’ll cover all your annual Tax Admin for ONLY R279 per month!

COID Subscription > We’ll make sure your Letter of Good Standing is valid and your COID admin is up-to- date all year round for only R89 per month (all inclusive)!

Annual Returns Service > We’ll cover all your Annual Returns for ONLY R49 per month!

How to successfully apply for Government Tenders (6 Steps with tips)

Government Tender

Here’s how to apply and win Government Tenders in South Africa and exactly how our Expert Company Services can make the entire process faster and easier.

If you’re considering applying for Government Tenders, here’s why you should and how to make sure you submit an application that ticks all the required marks.

Should my business apply for Government Tenders?

We talked to Tender Expert and How2Tender Director, Wynand Cronjé, to explain why the Government can be the ideal client to help grow your business.

“The bulk of Tender contracts are for periods of 2 to 3 years, which means companies delivering as per their bid proposal have sustainable contracts upon which to grow their businesses,” explains , the director of How2Tender.

“As the largest procurer of goods and services in South-Africa with a budget of roughly R1.56 trillion, the Government can be a very lucrative client.”

Are Government Tenders corrupt?

Many businesses have a common misconception that all Government Tenders are corrupt, says Cronjé.

“The bulk of tenders are awarded fairly and according to the preferential procurement act which factors in technical compliance, pricing and B-BBEE.”

“The key is to ensure you deliver compliant and effective bid responses. Educating yourself in this regard is crucial,” says Cronjé.

Central Supply Database call 0800 007 269 free consultationHow can I find the right Tenders and make sure my Tender application are complete:

Simply follow the 6 steps below. In addition, we’ve added some helpful tips regarding the services we offer. We offer a wide range of Company Services to make life easier for South African entrepreneurs like you.

Government Tenders

 

Step 1: Find Government Tenders relevant to your business

The first thing you need to do is find a Tenders or a RFQ that fits your business. Tenders and RFQ’s are advertised in various places, ranging from newspapers to websites.

You can find the Government’s weekly Tender bulletins right HERE, unfortunately it’s usually over 200 pages long.

Consequently, the easiest way to find the right Tenders and RFQ’s is probably Tender notification services.

A Tender notification service notifies you whenever there’s a new Tender available in your area that’s relevant to your business.

Helpful Tips

We offer three services that include a Tender Leads and Notification Service:

Government Tenders

 

Step 2: Ensure your business can complete the job

Winning a Tender means two things: firstly, that the Government has chosen you as the most promising supplier and secondly, that you’re going to take on the Government as one of your clients.

Consequently you have to make sure you have the staff, the cash flow, the skills and the equipment to deliver the services the Government needs at the proposed rate and within the proposed timeframe – just like with any other client.

Luckily, if you don’t have the cash flow needed for a 2 to 3 year contract, there are funds and loans available from multiple institutions for Tenders.

Free Consultation call 0800 007 269

Helpful Tips

  • We offer a Tender Funding tool that connects you with over 300 funding options available, and assists you in finding the best loan / funding opportunities for your business, in South Africa.
  • Our Business Plan service empowers your business with a plan of action to direct your Company and to assure potential funders and loaners of your Company’s competency.

Government Tenders

 

Step 3: Register on the Central Supplier Database (CSD)

Your business has to be registered on the Central Supplier Database (CSD) in order to apply for Government Tenders.

The CSD is the Government’s list of approved suppliers. To get your business on this list, you have to complete an online registration on the National Treasury’s website where you’ll be required to provide your details along with compulsory Company documentation (also see step 4).

Once submitted, the Government will asses your documentation and add you if everything is in order.

Helpful Tips

We have SPECIAL on our CSD Registration CSD Package for the month of July 2017! Our documentation experts will register your Company for you for ONLY R290 (you save R700).

Government Tenders

 

Step 4: Get the required Company Documentation in order

Very often Companies apply for Government Tenders without complying with the list of requirements or without submitting the necessary documentation. Consequently will result in being eliminated before you even get a chance to compete with the other applicants.

Make sure you read the Tender Document thoughtfully and make sure you get all the required Company documentation in order.

Helpful Tips

We’ve employed a team of experts that know exactly what documentation you need for the Tenders in your industry, whether it’s be Construction, Security, Cleaning or other industries:

If you only need specific documents, call our TOLL FREE number, 0800 007 269, right now for a FREE consultation.

Government Tenders

 

Step 5: Fill out your first Tender Application before the deadline

First of all, make sure you submit your application well before the closing date to avoid having an incomplete application, by the time of the deadline.

Allow yourself enough time to research what good Tender responses look like and how competitive your pricing can realistically be.

Helpful Tips

Our Tender Subscription Service includes guidance on your first Tender application.

Government Tenders

 

Step 6: Repeat the process until you reach Tender success!

Now that you’ve completed your first Tender application, the trick is mastering your Government Tender applications.

As a result of great, competitive Tender responses you’ll be paving your way to Tender success soon enough!

Helpful Tips

Our Tender Subscription Service includes an hour consultation every month to assist you with future applications.

If you win a Tender within the first 12 months, we’ll sponsor your first year (R6000+)! Therefore we’ll return whatever you’ve paid in Tender License Subscription fees already.

Studies show SA entrepreneurs need Business and Tender assistance

Thousands of Tender and RFQs have already been released in the first 6 months of 2017. The only thing standing between SA entrepreneurs and Tender success is know-how and assistance.

Here is some of our Tender Subscription Service

Why South Africa is great for business and Tenders

South Africa’s entrepreneurship is ranked 55th out of 137 countries across the globe and second to only Botswana in Africa, according to the latest statistic by the Global Entrepreneurship and Development Institute Report (GEDI).

Tender Subscription Service

Our entrepreneurial culture shows high growth rates; many competitive opportunities and various venture capitalist who invest in our businesses.

Furthermore, we have strong numbers in exports and we’re great innovators, according to the GEDI’s research.

Contract opportunities are also abundant according to How2Tender director, Wynand Cronje. How2Tender assists entrepreneurs with the Tender application process.

“There are plenty of opportunities, including RFPs, RFQs and Bids, in circulation. These opportunities range from small to very large,” explains Cronje.

“The leading Tender lead distribution companies distribute anywhere between 5000 and 7000 tender opportunities per month.”

Why small businesses and start-up entrepreneurs are struggling to win Tenders and grow

Despite all the opportunities, thousands of entrepreneurs and business owners are struggling to stay afloat or to create business growth.

The GEDI’s statistics might reveal why so many entrepreneurs fail, despite their good intentions.

South Africa’s worst-developed entrepreneurial characteristic is startup skills. Our lack of business knowledge and skills significantly affects the success South African businesses.

Tender Subscription Service

In addition, Cronje believes most businesses don’t apply to the available Tender opportunities, because they lack the necessary knowledge.

“The most general excuse is that they can’t compete in corrupt procurement processes, which is a misconception. The bulk of Tenders are awarded fairly and according to the preferential procurement act. The preferential procurement act factors in technical compliance, pricing and B-BBEE,” he explains.

“The bulk of the entrepreneurs have a very basic understanding of public procurement and the legislation that governs it.”

How to get the Tender know-how and assistance your business needs

Company Partners’s Legal Expert, Tsitsi Kinnear, believes South African entrepreneurs often miss business opportunities, because they don’t have access to the right business resources.

“Bigger corporations usually have procurement departments who specialise in sourcing and applying for Tenders for the company. The average entrepreneur neither has the time or the resources to have that,” explains Kinnear.

“Some Tender documents can go for over 200 pages while using complex terminologies and phrases which can take hours to complete.”

That’s why Kinnear, and the rest of the Company Partners team, created a brand new Tender Subscription Service that assists South African entrepreneurs with all the know-how and assistance they need to apply to Tenders successfully.

Click HERE to see how Company Partners can assist with in applying for hundreds of Tenders relevant to your business – with their Tender Subscription Service. 

“We behave as that procurement department on behalf the client. We save time and valuable energy that the startup desperately needs to use in other areas of the business.”

This monthly Tender Subscription Service includes the following:

  1. Access to over 10 000 Active Tenders and over 300 Funding Opportunities;
  2. A list of all the documentation you need to submit a successful Tender Application;
  3. A Premium FREE BEE Affidavit (which replaced the BEE Certificate);
  4. Help with you first Tender Application and;
  5. A monthly consultation for all your future Tender Applications.

“As South Africans, we need to continue to increase economic growth, this is done by empowering the entrepreneur. A start-up winning a significant Tender not only aids the start-up themselves, but the economy through job creation,” says Kinnear.

If you’d rather like to sign up for a once-off Tender package you can read all about it, by clicking right HERE.

 

Starting an Online Shop has never been easier in SA

Online shopping is one of the fastest growing markets in the world, including South Africa. Here’s exactly why and how you should set up an online shop to grow your business in 2017.

online shop

It all started 23 years ago with one Sting CD.

A man named Phil bought an album from NetMarket in Philadelphia on the 11th of August 1994, marking which seems like the first online purchase in human history.

The New York Times had the perfect headline, “Attention Shoppers: Internet Is Open”. Almost two decades later and ecommerce business is booming.

By the end of this year, consumers worldwide will spend about $1.9 trillion on online purchases, according to eMarketer.com.

Online Shopping is the Future.

The obstacles that stopped multiple online shopping sprees from following that one momentous album sale are problems of yesteryear today.

Almost half of the world’s Internet users will be making online purchases by 2018, says Statista.

More people have access to the internet; internet costs are dropping; reputable brands have online stores; payment are easier and more secure; and online shops can often provide better prices, instant customer reviews and free delivery to your doorstep.

As a result, Ecommerce is one of the fastest growing industries in the world according to Ready Cloud, a company that specialises in e-commerce software.

South Africa’s rapidly growing E-commerce Industry.

In South Africa the current number of online shoppers is not nearly as impressive as the rapid growth rates.

South Africa’s online spending is expected to increase by a whopping 43% by 2018, according to Ipsos’s 3rd annual study on global ecommerce figures (a study commissioned by PayPal). That amounts to a grand total of R53 billion.

“The growth rate in South Africa is still exceptionally high, coming off a very low base”, explains Arthur Goldstuck, the managing director of the World Wide Worx (a research company focused on South African business tech).

“This indicates that there is tremendous potential in this market for new business models and even underexposed product categories,” he reveals in his interview with Moneyweb.

Free Consultation banner

How to make the most of E-commerce Opportunities in SA.

South African entrepreneurs need to up their game in order to meet the level of ecommerce innovation in established Western markets, says Goldstuck.

Company Partner’s Branding expert, Daniel Coetzee (see portfolio), agrees.

“A lack of knowledge, hampers the level of ecommerce in SA,” Coetzee says.

Coetzee is part of a team of experts at Company Partners who assist Start-Ups with legal documentation and business growth.

“Most people have heard of the concept. They’ve heard of the possibility of turning their website into an online store, but they stay away due to lack of know-how.”

How to get started with your Online Shop.

Consequently Coetzee recently launched a turnkey ecommerce service at Company Partners to assist struggling SA entrepreneurs with entering the ecommerce market.

“We offer the foundation and education to empower you to start selling your goods online,” says Coetzee.

This cost-effective service includes a website and an online shop setup, 3 hours of support and a series of online video tutorials.

“The opportunities of selling online are limited to yourself.” With an online shop you can cater to clients outside your usual sphere of influence.

“The best part is, it’s a 24 /7 trading platform. Allowing you to generate more revenue in a day without having to keep those extended office hours.”

To learn more about this ecommerce service, simply just click HERE. A whole new generations of shoppers are waiting for you.

Ecommerce website

3 Simple Steps to Apply for Funding Opportunities in SA

Finding funding for your business and getting all the qualifying documents to apply for one of over 300 funding opportunities can be a very difficult and exhausting task. That’s why we’ve boiled it down to 3 easy steps and tons of help along the way.

Finding Funding

Let me guess, you’ve got a great business, but you’re not finding funding to apply for Tenders and to grow your business into the success you know it could be?

You have no clue where to start finding funding or a loaner who could be interested in backing a business like yours and you have no idea what legal documentation you need to apply to them.

Don’t worry. You’re not the only one. According to statistic, South African entrepreneurs experience finding funding, red tape and company documentation as the most difficult challenges in growing their businesses.

The South African Institute of Chartered Accountants (SAICA) conducted a study in 2015 that of over 800 small to medium businesses found that growth finance and government-generated red tape was two out of the 5 most challenging obstacles mentioned.

The other three obstacles were B-BBEE codes, labour laws and and tax laws.

Another study shows that multiple businesses may still be struggling as self-funded enterprises, just because alternative funding can’t be found.

“The majority of small business owners are self funded, with 63% reporting using personal savings while 20% found investment or a loan from a family member, partner or friend and only 6% turned to business angels or venture capitalists,” reads the World Wide Worx’s study on South Africa’s small businesses.

“It is possible that this is not by choice – 27% of small business owners cited access to funding as the biggest challenge to starting their business.”

Even if you are aware of funding or loan opportunities, it can be really frustrating working through hundreds of opportunities, knowing full well you might be disqualified from half of them, not knowing exactly what they’re looking for.

That’s exactly why we’ve crafted a 3-step plan to guide you through the process of finding the perfect funding opportunities and acing your funding application.

Step 1: Get your basic Company Documentation in order with one call

At the very least, you’ll need a company registration document; a business plan that includes your marketing, sales and financials; and a Tax Clearance Certificate to qualify for financial support.

Simply call our toll FREE number (from landlines) 0800 007 269 for your FREE consultation. Our team of experts can assists you with getting your Company Documentation in order in record time.

Step 2: Sign up and fill out this form in 15 minutes

To address the need for an easy way to search for appropriate funding, Company Partners has teamed up with FinFind, a FREE app that searches databases of funders and loaners for financial support that fits your business. It also informs you of any documentation you still need to qualify for these opportunities.

Simply fill out the FinFind form (it takes about 15 minutes) by clicking HERE to find out what opportunities suit your business and / or what documentation you still need to apply to them.

If you still need documentation, simply refer back to step one and call our experts to sort you out in no time with your outstanding Company documentation.

Step 3: Apply for your personalised list of funding or loan opportunities

After you’ve made sure you’ve all the documents you need to qualify, FinFind searches over 300 funding opportunities to find the best fit for your business.

You’ll receive a list of personalised opportunities with the highest chance of success for your application.

Now it’s up to you to make the most of your nifty list. Apply to all of these opportunities, submitting all your required documents. Keep in mind these applications often take months to be processed by some funders or lenders.

If all goes well, you’ll be on a one way road to getting all the resources you need to grow your business into the Company of your dreams.

Contact Company Partners today if you’d like to set your Business up for success on the following toll-FREE (from landlines), number: 0800 007 269.

A step-by-step guide to getting a Letter of Good Standing (so you can win those Tenders!)

workman’s compensation fund

Do you need a Letter of Good Standing to apply for the thousands Tenders out there? Here’s everything you need to know: what it is, why you need it for Tenders and how to get it in three, simple steps.

A Letter of Good Standing is essentially an official document that proves the Workman’s Compensation Fund (COID) will assist you in paying for any work-related injuries or harm to your employees, because your payments to the fund are up to date.

Why is a Letter of Good Standing required when applying for most Contracts and Tenders?

A Letter of Good Standing is basically a form of security to most clients as they want to make sure they’re not responsible for picking up the medical bill or life cover for anyone hired to work on their premises, in the case of work-related accidents or illnesses.

If you don’t have a Letter of Good Standing, your business probably owes the Workman’s Compensation fund money and more importantly, it means your employees aren’t covered by COID and your clients are not safeguarded in the case of a work-related accident on their property.

What precisely is the Workman’s Compensation Fund (COID) and why do you need to pay them?

Almost every employer (with a few exceptions that you can see by clicking HERE is required by law to register with the Workman’s Compensation Fund (COID).

This government fund helps employers pay medical bills or compensation, in the case of death, related to an injury on the job to any employee. However, there’s a yearly fee connected to this fund.

To find out more about the COID and why it will benefit your business, click HERE to read our article, What is Workman’s Compensation (COID) and why do you need it?

A Letter of Good Standing proves that you are in good standing with COID, with no outstanding yearly payments.

Without registering with COID or without paying your yearly fees, you’re not eligible for a Letter of Good Standing.

Here’s exactly how the process works in three steps:

STEP 1: Register your Company with COID

The first step in getting your Letter of Good Standing is registering your business with COID. During the process, you will have to pay a registration fee.

You can either register directly with the Labour Department or use our COID service, where our team of Experts will complete the process for you.

Our COID process only takes 25 days whereas working directly through the Labour Department can take up to 3 months or more. Plus we’ll send you all the forms and the updates straight to your email inbox.

Documents you’ll need:

  • Valid South African ID
  • Your Company’s Registration Document
  • COID Registration Form
  • Power of Attorney (this is only necessary when using our COID service, to legally permit us to complete the application on your behalf)
  • Proof of Payment for your registration fees

STEP 2: Submit your employee expenses

In this step you have to submit your Company’s total estimated wage and salary expenses for the year (according to financial years) in order for the Compensation Fund to calculate the amount payable to them.

They work out your fee as a percentage of your yearly total wage and salary expenses. This means you have to submit your wage and salary expenses (in a Return of Earnings document) every year.

The deadline for submitting your Return of Earnings and getting your new or renewed Letter of Good Standing is 30 April.

For first-time registrations, the submission document is included in the COID Registration form, as submitted in step 1.

Renewals, however, require a document called the Return of Earnings.

Once again, you can either work directly through the Department of Labour or you can use our streamlined service, avoiding long queues and confusing admin altogether.

SPECIAL FOR THE MONTH OF APRIL ONLY
Letter of Good standing (new or renewal) from COID at only R490 (SAVE R300).

Documents you’ll need:

  • A Return of Earnings Form (only for renewals)

Step 3: Pay your yearly / monthly fee to COID

In about 3 working days after your Return of Earning document submission, the Department of Labour will send you a Notice of Assessment (NOA) stating the amount payable to COID.

After you’ve paid that amount, you’ll receive a Letter of Good Standing proving your employees are covered for a year.

If you can’t pay the yearly cost in one go, you have a monthly payment option. However, you will still need to put down a 30% deposit.

Unfortunately, this option also means you’re Letter of Good Standing will only be valid from month to month, upon payment.

Whenever you neglect to pay your account or forget to renew your Letter of Good Standing by the end of April, the Compensation Fund will not cover your employees in that time.

Documents you’ll need:

  • Notice of Assessment (sent to you by the Department of Labour)
  • Proof of Payment for your yearly fees

Contact Company Partners today if you’d like to set your Business up for success on the following toll-FREE (from landlines), number: 0800 007 269.

How to create a Professional Company for under R3 000.00 in only two weeks

Professional Company

So, you want to be your own boss, but you don’t know where to start? Here’s how you can set up your very own professional Company in three easy steps in under two weeks. No queues. No drama. Your future starts today.

Whether you want to grow your side hustle into your main source of income or whether you want to turn a great idea into an actual Company, setting up a professional Company for success is much easier than you think.

Thanks to Company Partners, a company that specialises in delivering Company Documentation and Start-up Services within record time, you can register your Company; develop a brand new logo and get a professional website within the next two weeks for only R2 970.00.

All you need is access to the internet, so you can submit the necessary documents via their sophisticated online system, and the determination to do what it takes to grow your Start-up into something spectacular after receiving your registration, logo and your brand new website from Company Partners.

Here’s exactly what you need to do to set up your Professional Company:

STEP 1: Get your Professional Company registered (R990.00)

Do you have clear idea of what your product or service is; can you think of 3 to 5 Company names for your business; do you have an ID and a South African home address? Well then that’s all you need for the first step.

Simply sign up for a new Company Registration by clicking right HERE and Company Partners will let you know exactly what you need to submit via their online system in order for them to register your Company at the CIPC.

Then allow about 8 working days for your documentation to be processes and voila, you’ve got yourself a professional, registered Company.

Registering your Company allows you to apply for more Tenders and Contracts; it enables you to get an official business bank account and it minimises risk, because a registered PTY Company is considered a separate entity to an individual. This means there’s a smaller chance of you losing your personal belongings, if your business ever goes bankrupt.

It’s also a necessity to have a registered Company if you’d like to register for a BEE CertificateTAX Clearance or a Letter of Good Standing.

Company Partners’ limited special: get a Shareholder Agreement for only R1890.00 (SAVE R1000) from 15 – 31 March 2017 only! Call our Toll-FREE (from landlines) number, 0800 007 269, today to get your Shareholder Agreement special or click HERE to learn more.

STEP TWO: Get your own Company Logo (R990.00)

In order for you to function like a professional business, you need to look like one. Having a logo is the first step in differentiating your Company from all the other businesses out there.

You can develop a unique logo that’ll represent your Company to the world within a week. Company Partners’ logo service allows Start-ups to work with a professional designer at an affordable cost.

Just click HERE to order a logo today and HERE to see some of the logos Company Partners has designed for their clients.

STEP THREE: Get a Professional Website (R990.00)

Nothing conveys how serious you are about your business like a high quality website.

You can send all your potential clients to your website, where they can learn more about your products or services, your pricing and your contact information directly from their smartphones.

Just click HERE to order a website today for only R 990.00.

You can also check out previous examples of websites created by Company Partners by clicking right HERE.

Keep in mind you’ll have a monthly hosting cost of R75.00, but you’ll have your own website address, website design and up to 10 professional email accounts if needs be.

You can even add an online shop, so your clients can order products directly from your website, at an small additional charge.

Contact Company Partners today if you’d like to set your Business up for success on the following toll-FREE (from landlines), number: 0800 007 269.

5 Signs you’re an Entrepreneur

Wondering if you have what it takes to run your very own entrepreneur business? We’ve narrowed it down to the top tell-tale signs.

you are an entrepreneur

Just do one simple search on Google and you’ll find an endless list of entrepreneur qualities, all described as the trademarks of a successful entrepreneur: passion, business focus, drive, confidence, innovation, persuasiveness, determination, independence, curiosity, risk-taking, adaptability, self-discipline and the list goes on.

Not even Bill Gates have them all.

Luckily, the real determining factor, according entrepreneurial researcher Jesper Moe, is not whether or not you’re born as a “super-individual” with all these qualities, but rather whether or not you choose to develop these entrepreneurial qualities throughout your life. Thus, your attitude.

According to his paper, A Meta-analysis on who become Entrepreneurs, “becoming an entrepreneur is a possibility even if the individual is not in possession of the traits needed” as it’s more than possible to get help towards becoming entrepreneurial.

That’s why we’ve compiled a list of 5 real signs you’ve chosen the road to entrepreneurial success, rather than a list of qualities that you could Google in anyway. Here you go!

 

  1. You want to learn something new everyday

You’ve got the secret all figured out: knowledge is power and we all start out knowing nothing. Even Richard Branson had to start somewhere.

To you, finding the road to success is a matter of soaking up as much know-how and info as soon as possible.

You read books and business articles; you attend workshops; you watch YouTube videos on entrepreneurs and you dive into conversations with leaders in your industry or people you admire.

The only real failure is going to sleep tonight with the same amount of knowledge you had yesterday.

 

 

  1. You’re on a daily mission to improve yourself

Just like anyone else, you were born with a set of strengths and weaknesses that you did not choose. It’s how you use those strengths and how much you underplay or work on your weak points that determine how much you can achieve with what you’ve been given.

According to Vivek Wadwat, a research director at the Duke Center for Entrepreneurship and Research Commercialization in North Caorlina, it’s still one of the most common misconceptions that people are born entrepreneurs.

“Although some research indiciates that entrepreneurship skills are genetic qualities, anyone lacking theses skills can learn them or develop weak qulities into strong ones,” explains Wadwat.

If you’re dedicated to honing those entrepreneurial skills that don’t come naturally to you, for e.g. business focus; confidence; innovativeness or self-discipline, you’ve chosen the road to success.

 

  1. You’re willing to take action, even if it’s risky

“Anybody can think up an idea for a business, but not everyone can put rubber to the road and actually grow something that both matters and earns money,” explains entrepreneurial blogger Caleb Wojcik. “Taking action is the difference between entrepreneurs and non-entrepreneurs.”

Sure you can fail, but Rome was not made in a day. It also did not build itself. A great idea means nothing if you don’t invest the time, money or effort needed to see if it can actually work and that usually requires taking some sort of risk.

Whether that means going into your own business full-time, investing some of your saving or simply sacrificing your free time to develop your business in the evening, while you pay your bills with your day job.

 

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  1. You have a passion to change the world for the better

One of the most common entrepreneurial traits mentioned in business research is opportunity spotting. This simply means you have the ability to spot problems in the world and solve them – like a real-life superhero.

Finding needs that are unmet within your community and investing your time and energy to find sustainable ways to fulfil those needs on an on-going basis is not only the basis of a good business plan, but also a sure-fire way to better the world.

 

  1. You’re ready to get up after failure, every time

If you Google quotes on success, you’ll find an overwhelming amount of them are focused on overcoming failure. The reason being, failure is both inevitable when you try new things and it’s necessary to finding new and better ways of doing things.

Hollywood director Steven Spielberg was rejected by multiple film schools, Steve Jobs was fired from his own company, Apple, back in the day and the famous fashion designer Vera Wang was a figure skater who never made the Olympic team.

Former UK Prime Minister Winston Churchill summed it up perfectly: “success is the ability to go from failure to failure without losing your enthusiasm”.

That’s why adaptability is one of the key qualities associated with successful entrepreneurs. You have to have the willingness to take risks and then you need to be willing to get up and change things up when they don’t work out as you planned.

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What is Workman’s Compensation (COID) and why do you need it?

For the sake of unexpected events not costing you your business, we’re giving you all the important info on Workman’s Compensation and why SA Law requires you to protect yourself and your employees.

Leg and yellow helmet of injured lying worker at work.

Why do you need Workman’s Compensation? Imagine this: you’ve employed your first employee. A later, your employee walks up the staircase leading to his office, eyes fixed into his cellphone screen, he trips and ends up with a serious spine injury.

As the injury occurred when your employer was on duty, you’ll probably have to pick up the medical bill, despite it being a little under R100 000.

You probably can’t dish out that kind of money and your employee needs to have the medical attention he deserves, which is exactly why the Department of Labour created Workman’s Compensation.

How does Workman’s Compensation work?

Workman’s Compensation is a type of insurance, instituted by the The Compensation for Occupational Injuries and Diseases Act. It protects employers from dooming civil claims and enables both casual and full-time employees to claim compensation directly from the Fund for work-related injuries and disability.

It even enables the dependents of an employee to claim compensation in the case of a work-related death.

You pay a yearly fee, determined as a percentage of the amount your business spends on salaries, and in turn the fund will help cover all your employees’ medical bills or compensation in the case of death.

However you need to register first. It can take up to months if you sign up via the Labour Department. That’s why using a service provider like Company Partners, is a great idea. Company Partners will assist you in getting registered in under three weeks.

More reasons to sign up for Workman’s Compensation:

  1. It’s the law. The Labour Department requires any employer with one or more employees to register for Workman’s Compensation.
  2. It can save you from bankruptcy. Large, unexpected medical bills can easily sink a small business, as hospital fees or ongoing medical expenses may amount to thousands per year.
  3. It helps with Tender applications. Tender applications usually require a Letter of Good Standing. As the law requires employers to register for Workman’s Compensation, you can only get a Letter of Good standing, if your Workman’s Compensation payments are up to date.

Important info to keep in mind

  • Outdated payments mean no coverage. It’s your responsibility to reregister your company and pay your annual Workman’s Compensation assessment fee. If you don’t the Fund won’t protect you or cover you employees. Company Partners reminds their clients when annual payments are due.
  • You might need more than one registration. Different branches within one company usually require different Workman’s Compensation registrations.
  • There are exceptions. The Compensation Fund won’t cover the following employees, according to the Compensation for Occupational Injuries and Diseases Act:
  • workers totally or partially disabled for less than 3 days;
  • domestic workers;
  • anyone receiving military training;
  • members of the South African National Defense Force, or the South African Police Service;
  • any worker guilty of willful misconduct, unless they are seriously disabled or killed;
  • anyone employed outside the RSA for 12 or more continuous months;
  • workers working mainly outside the RSA and only temporarily employed in the RSA

If you’d like to get your Workman’s Compensation registration in order in record time, click right HERE

You can also opt for the COID Package, which includes a Letter of Good standing, by clicking HERE

You can check out the Labour Department’s basic guide to the Act, by clicking HERE

Or Contact Company Partners today!

6 Free Services to Grow your Business in one month

Let’s be honest, being an entrepreneur is tough when you want to grow your business. You need to drive every aspect of your business singlehandedly, like an expert – without having years of experience; truckloads of cash; or prestigious business qualifications. That’s exactly why Company Partners teamed up with South Africa’s leading Brands, in Business Growth, to give you some well-deserved support for FREE.

3d human characters making graph of growth, isolated on white

If you sign up for any ‘Registration’ or ‘Empowerment’ Service at Company Partners, you’ll receive a month’s access to 6 helpful Business ‘Growth’ Services, at no additional cost to help you successfully grow your business.

This means, while you’re getting your company’s documentation via Company Partners, you’ll also have access to 6 different Specialist Services for an entire month.

 

How to get FREE access to all these services?

Just take your pick from Company Partner’s wide variety of Registration and Empowerment Services, designed to assist you with ALL your business’s legal documentation.

These services all differ in pricing and each of them are tailor-made for everything from Tender Compliance to specific industries. You can check out a full list of offered services by clicking HERE.

 

The low-down on free services and how they can grow your business within a month:

 

1. MiOffice’s Landline and Reception Service

Thanks to MiOffice you’ll get your very own landline and receptionist (for incoming calls) for free. You don’t even need an office.

MiOffice assigns a remote receptionist to an area-based telephone number of your choice. Your assigned receptionist will answer and redirect all calls to you. If you’re not available, your receptionist will SMS the caller’s details to you, at no extra cost.

If you can’t live without your new receptionist after your free one-month access, you can continue the service for R 450.00 per month.

Click HERE for more info.

 

2. TradeWorld’s – Business Opportunities Alert

Tenders mean big business, but very few entrepreneurs have the time, resources or money to search through hundreds of newspapers, websites and bulletins to find the right Tenders to apply for.

TradeWorld’s Leads and Tender Notification service will help you find the perfect Tenders, by mailing you on a daily basis of any tender relevant to your business profile and geographical region.

This service also includes unlimited access to tradeworld.sap.com and access to RFQs, which are below formal Tender value. Additionally, you’ll receive weekly Tender How2Tender hints and tips to ace those often complicated and confusing Tender applications.

After your FREE month has expired, you can sign up for as little as R365 (excl vat) per month, that’s an investment in your business of R16.00 a day.

Click HERE for more info.

 

3. Finance Connect via FinFindEasy (a SEDA partner)

Getting the right Loan, Grant or Investor to support your business is definitely one of the most challenging tasks as an entrepreneur. FinFindEasy, in association with Company Partners, will provide you with expert financing options.

You’ll receive access to FinFindEasy’s finance filtering system; a system, which allows you to find relevant financing options from the 300 options out there, based on your company’s location and its setup.

You’ll also have access to Finance Specialists, who will assist you with mapping out your Company’s best options.

Click HERE for more info.

 

4. Invoicing, Payroll and Accounting via Sage

Sales. Suppliers. Invoices. Inventory. Payroll… Things can get pretty complicated in terms of finances when you run your own business.

Which is why Company Partners offers you Sage One, user-friendly and online accounting software, perfect for the entrepreneur.

Using this software, you can instantly create invoices; track your finances and give your accountant access to all this data from one central point. Plus, you and your accountants can access it from almost any device with an Internet Connection.

With Sage One you can track sales, inventory, suppliers and purchases per client. Plus you’ll stay ahead of your payroll and all your due payments.

If you love this nifty software too much to let it go after your month’s complimentary access, you can sign up for R185 per month.

You’ll also have access to Company Partner’s accounting expert, readily available for consultation on monthly accounting services.

Click HERE for more info.

 

5. RaizCorp’s Business Growth Programs

Knowledge is power in the game of Entrepreneurship. Soak up valuable entrepreneurial know-how by using your FREE access to RaizCorp Business Growth programs.

RaizCorp coaches operational entrepreneurs by disclosing advice, motivation and business insights to help you take your business to the next level.

The best part is, you don’t have to pay up after one month. As a client of Company Partners, they sponsor almost all the programs you’d like to attend.

For very specific programs there may be an administration fee of R350, but more often than not these programs won’t cost you a thing.

Click HERE for more info.

 

6. Yellow Page’s online Business Directory

Register your business and its services or products for free on Yellow Pages’s online business directory when using Company Partners for company registration or other documentation services.

Registering on Online Yellow Pages might even help your company feature on the first pages of Google (locally) when potential clients search for your company – how is that to grow your business?!

Marketing Consultants from Online Yellow Pages will contact you after your free month has expired to advise you on your company’s marketing needs. Thereafter you can choose a package that suits you, if you’d like to continue this service.

Click HERE for more info.

 

What are you waiting for?

Contact us to place your order – and don’t forget to mention which FREE Services you want included in your package in order to grow your business.

Email our support desk at support@companypartners.co.za or call our Toll Free number (from landlines) during business hours, at 0800 007 269, for free consultation. Terms and Conditions apply.

The road to Tender success in 4 simple steps

Illustration Of Two Businessmen Shaking Hands

Winning Tenders means big businesses. Unfortunately, the application part is complex, time-consuming and labor intensive. Why not use the experts and boil the process down to 4 easy steps for tender success?

 Before you can bag a great contract to boost your business, you first have to find that perfect tender and submit a successful application. This always involves a ton of paperwork and proof of compliance with multiple requirements, as a method to weed out all the unfitting applicants.

Your ability to comply with the complicated application requirements in your Tender Success can be just as important as your business’s ability to successfully complete the project’s objectives, at a competitive price.

You could spend many frustrating hours working through this process by yourself or you can opt to use the experts, who know exactly what you need and how to get it as soon as possible.

Simply follow these four Tender Success steps to make things simpler for yourself:

1. Sign up with the documentation experts

Your first step to Tender Success. There are a few basic documents that most Tender applications require.

Company Partners, a team of dedicated experts in tender documentation, can assist with getting the following documents, in record time:

  • A Registered Company Document (vital for any governmental Tender)
  • Tax Clearance Certificate
  • BEE Certificate
  • Shareholders’ certificates
  • Letter of Good Standing at the Compensation Fund
  • Many others as required by an industry

How to get your vital documents? Call Company Partner’s advisors for a FREE consultation at 0800 007 269 (toll-free from landlines) or just click HERE  to sign up for Company Partner’s Tender Package.

2. Sign up for Tender Notifications and a booklet on How-To-Tender

Before you can establish, which supplementary documents you need to submit, you’ll have to find the Tender you’d like to apply for.

You can either sift through multiple newspapers, bulletins and websites to find relevant Tenders or you can simply sign up to an online Tender Notification Service, which sends you industry- and area-related jobs right to your email.

If you do decide to sign up to Company Partners’ Tender Package, you’ll receive a month’s subscription to the “Trade World Tender Leads Service” FREE for a month.

TradeWorld’s tender service will send you personalized notifications based on your location and your business profile / industry. You’ll also have access to the available RQF’s (all projects below the formal tender value of R500 000).

Then you need guidelines of how to actually complete a tender application. Therefor you will also receive a booklet of the most important tips on ‘How to Tender’ (with weekly updates) FREE!

How to get FREE Tender Notifications and a booklet? Just click HERE for your FREE month’s subscription to TradeWorld Tender Notification Service, as part of Company Partner’s Tender package.

3. Collect your supplementary documentation

Depending on your specific tender’s requirements, you usually have the following documents left to submit (as certified copies), besides your proposal:

  • ID documents of the Directors or Members
  • Audited/reviewed financial statements of the last 3-years
  • Proof of Public Indemnity Cover (proof that you have insurance on any harm that may come to your employees, while they are at work)
  • Letter of Guarantee (a form of insurance from your bank, assuring that you will spend the allocated Tender money as promised)
  • Proof of Industry membership and compliance (documentation to prove your membership and compliance to the required institutional industry bodies)
  • Depending on your industry, Company Partners can also supply you with the services above.

4. Attend Workshops – to write your proposal based on expert-advice

You need an excellent proposal and a competitive price to bag a Tender.

To find out which elements make up an excellent proposal or appropriate pricing you can use the Tender Info provided FREE along with Company Partners’ Tender Package or you can attend any of TradeWorld’s How2Tender workshops:

  • 20 September and 22 November – SAP Offices Johannesburg
  • 4 October – SAP Offices Cape Town

How to sign up for workshops?  Contact us today or Just click HERE for your FREE Tender Info, as part of Company Partner’s Tender Package or email us for more information on the tender workshops: support(at)companypartners.co.za

That’s how you pave your road to Tender success!

Finding the right bank

The entire process of starting a new business can be a lot to deal with. You might think that it is a complicated process, that is until you realize that you will still need to go through the process of finding the right bank for your business. There is quite a lot of banks to choose from when you start to look around for a possible bank to use as your business’ bank. Each bank offers a different banking structure and different fees and services for businesses. They also have bank accounts that have been tailored specifically for business.finding the right bank

When it comes to finding the right bank, the most important thing will be to determine the services that you will be needing from your bank. These needs will differ from business to business and these needs will determine the bank you will ultimately go with. So be sure to spend some time thinking about your business, its structures and the support you will need from your financial institution.

Below you will find a brief explanation of what each of the major banks in South Africa has to offer for business.

Finding The Right Bank:

First National Bank 

First National Bank offers a First National Bank’s business account for businesses. According to FNB, this account is ideal for sole proprietors, partnerships, companies, close corporations, incorporated businesses, trusts and co-operatives.

ABSA 2

ABSA has the Small Business Cheque Account and the Absa Biztransact Account to offer. The latter is a current account that is ideal for small business. This account offers a transactional account, but does not offer a cheque book or an overdraft.

Nedbank

Nedbank has a business account to offer, which is specifically designed for small business. The bank account also offers a banker service which can assist with specific business needs and the internet banking of this account is also customizable.

Standard Bank 

Standard Bank has a business banking current account, as well as a Bizlaunch account to offer. The last mentioned account is specifically designed for startups and entrepreneurs. The Bizlauncher account will convert to a business banking current account after the first 12 months of doing business at Standard Bank.

Capitec Bank

Capitec  Bank offers business services to customers but does not have any business accounts to offer at this point. According to the bank’s website, this bank does not offer any bank accounts for close corporations, companies, partnerships or trusts.

You can also consider the possibility of giving the responsibility of registering your company to the professionals. Pty Company Registration offers a professional service to handle the entire process of registering your company. Feel free to contact them today to find out how to get the process started.

This just gives you an overlook at the different bank in South Africa and what they have to offer to businesses. From here on you will need to research these banks separately in order to determine which one of these banks suit your business’s needs best. Hopefully finding the right bank will be a bit more easy now.

For assistance with starting a company please, Click Here for more information.

FIND MORE ARTICLES ON OUR BLOG – click here

 

The Importance Of Your Domain Name

It does not matter in what type of business line you are in, being close to your customers is always essential. This is mostly a very important decision to make for online businesses, but even stand-alone businesses can benefit from it. Having the right domain name has proved to be one of the things that promotes the success of your business.

Domain Name

Once again location plays an important role in your business. It is no longer just for stand-alone businesses an important decision. Online businesses should also be very careful when they choose a domain name and a website host.

The first decision will be to choose which domain you will use. Once you have established this, you have almost completed the hardest part of the entire proses. It has recently been announced that South Africa will be receiving quite a lot of new internet domain names. For international companies in South Africa, it will still be best to make use of the most common domain name, ‘.com’. It is universally used for companies that do business all over the world.

The new domain name that companies in South Africa will be able to use include the following:
 .africa
 .joburg
 .capetown
 .durban

These are just examples of the geographic top level domain (geoTLD) names that will be made available to South Africans. People in other parts of the country and the world will still be able to see them on the internet, but when using these tags, the specific companies will be able to attract more potential clients in their immediate environment.

A general rule of thumb was to always use a short word as your domain name. This trend, however, started to fade away over the last few years. It has become more usual to see companies with longer domain names, or even phrases are now used. The key to choosing the right domain name for your company is to choose one that will be easy to remember, unique and that will describe your company best.

Companies should consider registering domain names similar to their company’s domain name. Some competing companies might try to register a similar domain name to your company’s to cause confusion.

There are almost 950 000 domains registered with the domain ‘.co.za’.You can log on to www.domains.co.za to see if the domain name that you are think will be suitable for your company, is available. When you find that it is available you can contact Pty Company Registration to get the proses of setting up your domain, started.

Having the correct domain name will work wonders for the website for your business. So have the experts assist you to achieve the ultimate potential of your business’s website.

FIND MORE ARTICLES ON OUR BLOG – click here

What is a Trade Mark and how will it help your business?

Your brand is your hard-earned property. If you’d like to protect your asset, registering your logo and company name as a Trade Mark, might be a good idea. Here’s exactly why and how you should register Trade Marks for your business.

Register

If you want to understand Trade Marks, you need to understand Intellectual Property. You can’t physically touch Intellectual Property, but in eyes of the Law, it’s considered an asset like any other, for e.g. property.

However, because determining Intellectual Property is a bit trickier than determining ownership of physical assets, registering your Trade Mark might be a good idea to help stop anyone else from claiming, using or mimicking your brand.

Also, once you’re registered, you get a nifty ® symbol added to you Trade Mark which scares off potential offenders. You registered Intellectual Property also adds value to your business’s total worth – if you ever decide to sell your business.

 

The difference between Trade Marks, Patents and Copy Rights

In short, Trade Marks, Patents and Copy Rights are just different ways to protect different forms of Intellectual Property.

Patents are used to protect inventions. Inventions can be anything from new forms of medication to significant improvements to existing machinery – as long as the invention is non-obvious, useful (because mere ideas cannot be registered) and completely new or state-of-the-art.

Patent rights will legally deter others from making money or using your invention, without buying those rights from you, for a maximum of 20 years. After that it’s considered fair game for all.

Copy Rights are rights that are automatically given (here, there’s no need for registration) to the author or creator of original publication or production work. Works like photographs, films, literature and even computer programs all fall into this category.

The author or creator retains exclusive Copy Rights to use, distribute and sell the work or the Copy Rights, a glorious 50-years after death (straight after death these rights fall to whomever inherits the creator’s assets). That’s why historic photographs or illustrations and classical music are considered public domain.

Trade Marks are used to protect branding elements, which distinguish you from your competitor, like your logo and your slogan or even patterns (like Burberry’s definitive check pattern) or packaging (like Coca Cola’s classic glass bottle shape). Trade Marks can offer you a lifetime exclusivity provided you renew it every 10 years and you don’t sell it to someone else.

 

Intellectual Property Rights: Things to keep in mind

It’s limited to local trade: Intellectual Property Rights are limited to the country they are registered in; you have to register in every country you want to trade in / with. Copy Rights can often extend to some other countries.

It’s limited to your trade: Trade Marks are registered according to categories called Classes (the industry in which the business trades in). If you trade in multiple Classes, you’ll have to register your Trade Mark for all of them.

 

How to register your Trade Mark and protect your brand

STEP 1: Apply through professionals 

Company Partners’ Legal Department specialises in Trade Mark Registrations. We will fast track your Trade Mark Phase #1 Registration to an estimated 40 days, whereas registering directly with CIPC may take up to several months. Click HERE to order your Trade Mark registration with us.

STEP 2: We do the specialized preliminary search for you

We do a preliminary search for you, to determine whether or not there’s a registered Trade Mark that’s similar to your brand.

If there is, we’ll help you make the necessary adjustments – this process might take 6 to 8 weeks.

STEP 3: Your application gets processed

Once that’s done, your application will be submitted to the South Africa’s Trade Mark registrar for Phase #2 Registration. If everything goes well, you’ll be a proud new owner of a Trade Mark!

 

Contact Us today or click the button below:

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How to do market research

Market research is one of the most important things you will ever do. Market research will form the basis of your business. It can also be the deciding factor whether or not you will start your business at all. As soon as you have come up with a business idea, is not time to run to PTY Company Registration to get your business registered, but to do market research. It is a vital part that a lot of inexperienced entrepreneurs tend to forget in the excitement of the idea of having their own business.

Market Research

Before you start doing market research, you will need to determine the exact focus of your business. This will be necessary for the fact that you will need to know what you are researching the market for. Your market research should be goal orientated.

You might be wondering what the real purpose of market research is. It is done to determine whether there is a need in your community for the product or service you are looking to deliver.

Market Research helps with the following:

  • To estimate how many sales you can expect over a certain period.
  • It is a method to test the demand for new product and service ideas in your community.
  • It will help you identify and understand trends in the market that might affect the sales of your product.
  • It will also help you to identify the needs and characteristics of the people that might be interested in your new product or service.

When you are doing market research, it is important to remember to remain objective in your research. You should see the facts for what it is and not to be over optimistic over something that you might not be able to change. It is better to change your product or service than to provide it when there is no need in the market for it.

 Knowing what to ask

When you are doing market research, it is important to ask the right questions. The right questions will provide you with the right answers in regards to your business idea. Use the following ideas as a guideline for questions to ask when you are doing market research.

  • To which group of people will your product or service appeal to?
  • What will be expected from your product or service and will you be able to deliver it?
  • Are people spending money on similar products?
  • Will people be prepared to spend money on your product or service?
  • Identify a number of potential clients for your business.
  • Are there other businesses offering similar products or services in your community?
  • Are there any gaps that you can fill in the market?
  • How will your prices do against other competing businesses?
  • Is it likely for other similar businesses to enter the market?
  • Do you need certain skills to run your business?
  • Will you be able to run an entire business and still make a profit?

You can get answers to these questions by means of questionnaires and interviewing people. You can also make use of the internet do read up on similar businesses and how they structured their business to obtain maximum return.

It is only once you have determined that the market is ready for your business idea, that you can begin to register your business.

For assistance with starting a company please, Click Here for more information.

FIND MORE ARTICLES ON OUR BLOG – click here

 

Being stuck behind a desk

Differences are what makes our world interesting. It also creates diversity in the products and services that are available to the public. This is what entrepreneurship is all about. Finding unique and different ways to approach the gap in the market. Sometimes you might find yourself in an unfulfilling working position. Being stuck behind a desk is one of the worst things that can happen if you are not an office person. Sometimes, the only thing you need to reinvent your career, is a change in scenery.

Desk

 

Luckily there are multiple ways you can achieve this. There are quite a few businesses out there that will offer you freedom from the desk and you will be able to pursue your entrepreneurial instinct while at it.

Mentioned below, you will find a few business ideas that you do not hear about every day, but they are a sure thing to try if one of them jumps out at out.

Tourism

This is a business opportunity that will be ideal for parts of South Africa that has a rich history and a lot of tourist attractions. This is a brilliant opportunity for entrepreneurs to get their creative juices flowing.

You can do anything that you put your head to. Whether it is to take tourists on a tour bus and show them their surroundings, or taking them for a walk to some of the remarkable sights in the area. You can even open a shop that sells souvenirs to the tourists.

An important thing to remember is that you will need to identify the peak times of the year and ensure that you plan head for the busy and, just as important, the quieter times. Also, be sure that whatever you choose to do is in demand. When you do this, you can be sure that your tourism business will be a success.

Be an organizer

If you have organizational skills, but do not like working from behind a desk, this is the perfect opportunity for you. You can be an event organizer. You will be out and about, talking to different people and having something new and different to do each day.

You can even specialize in the future if your business is taking off. You can organize events such as large functions, weddings and parties. This all will put you on the road to success, while still making optimal use of your skill set.

Be a tutor 

If you like to teach people and did reasonably well in school, this might just be the answer. If you did not like the idea of being a full time teacher and being restricted to your classroom behind your desk, being a tutor is the best option for you. You do not necessarily need to work with children; you can also be an adult tutor. Whichever fits your personality best, will put you on the road to success.

These are just some of the alternative jobs you can pursue that will not ask of you to sit behind a desk all day. You will get to interact with a lot of other people. There are other options like running a kitchen, taking care of animals and even becoming a car specialist.

Find what you love to do and do it as often as you possibly can. In this way you will not feel trapped in your career and you will actually enjoy it. Write down what you like to do and find ways to turn that into a career.

For assistance with starting a company please, Click Here for more information.

FIND MORE ARTICLES ON OUR BLOG – click here

Holding Companies Explained

Business magnates use it. Small family businesses use it and you can use it too. The structural advantages of Holding Structures (most commonly known as Holding Companies) can help you manage multiple services, products and even businesses under one Holding Company. Here’s the break down on Holding Companies.

Holding Companies

A Holding Company is the mother ship. It holds various businesses within one corporate entity. That means, it’s the perfect way to structure various services or products within one corporate group without having to keep them all within one company.

Thousands of South Africans use a holding structure to setup their business. This structure can limit financial risk and assist you with branching out to new industries. Click here to read more.

Why choose a Holding Company?

A Holding Company is perfect for entrepreneurs looking to branch out to new business prospects; prospects that don’t quite fit into their existing companies.

It’s also great for business owners who want to compartmentalize different departments, services or products.

Actually, anyone looking to limit the financial risk of having various trades within one company can opt for a holding company to keep risk factors limited to specific divisions.

A Holding Company also makes it less risky to team up with business partners in new ventures; you won’t have to expose your existing company to the risk of failure your new business poses.

How does a Holding Company work?

In essence a Holding Company is a parent company, which owns various businesses (or at least 30% of their issued shares). A Holding Companies doesn’t trade in services or products itself, it merely has ownership in various companies that do, holding them together in one corporate entity.

Interestingly, Investment Holding Companies use this holding structure to attain shares of various promising or profitable businesses within one Investment Company. However, it’s perfect for the everyday entrepreneur too.

What is an example of a Holding Company?

Let say, David has a booming home painting company in Randburg called NuHome Painting. His nephew, George, has worked at renovations businesses before, building custom cupboards, in the same area.

David would like to branch out business to home renovations in Pretoria, starting a venture with his skilled nephew. However, he doesn’t want to put his current company at risk, if the family venture goes sour.

So David registers a Holding Company called NuHome Holdings to facilitate this expansion.

Holding Companies

NuHome Holdings acts as a parent company to both his established painting business and his newly registered Renovation Company (which he shares with his nephew). David’s Home Holdings owns 100% of the shares of his established business and 50% of his shared business.

This way these two businesses operate completely independent to one another within one larger entity owned by David, plus David and George have the opportunity to generate a new company name, NuHome Renovations, tailored to their new service, rather than automatically using David’s existing business to trade.

This allows NuHome Renovations a better chance at winning Contracts and Tenders relating to renovation jobs. The same goes for NuHome Painting regarding painting work.

Additionally, David can venture into brand new industries at any time, like selling beverages for instance, simply by registering a new company owned by his Holdings Company.

 What are the disadvantages?

The paperwork and start-up costs and will be slightly higher. You will have to register every business you’d like to run as a Subsidiary Company to your Holding Company.

Also, if the Subsidiary Companies to your Holding Company have various owners, it can be difficult to close a Holding Company, as there are multiple owners to consult. 

However, if this business structure might help you better manage various parts of your business or numerous Companies, the long-term benefits are worth considering.

If you’d like to register a Holding Company, CLICK HERE to look at our great Holding Package.

Alternatively, if you have any queries you can contact us on our TOLL FREE phone number (landlines): 0800 007 269 or email us via support@companypartners.co.za

Corporate Income Tax

You can call it what you want, but corporate income tax is a sure part of our life. Every legal entity that generates an income is liable to pay one or other form of tax. The same is applicable to companies. Corporate income tax is a tax that is imposed on any business that is incorporated under the laws of South Africa.

Corporate Income Tax

The South African Revenue Service has recently launched a new and exciting ITR14 return. This was done in order to aid in the modernization of Corporate Income Tax. This also plays a part in the improvement of efficiency and compliance within SARS. Small businesses should remember of the legislative amendments regarding the ‘Gross Income’ threshold and progressive tax rates.

Corporate Income Tax is applicable to the business that will be mentioned below, but is not restricted to them. The Income Tax Act of 1962 included these types of companies to pay income tax on all the income that they have generated in a financial year.

Corporate Income Tax for these companies include:

  • Listed public companies
  • Unlisted public companies
  • Private Companies
  • Body Corporates
  • Close Corporations
  • Co-operatives
  • Collective Investment Schemes
  • Dormant Companies
  • Small Business Corporation (s12E)
  • Share Block Companies
  • Public Benefit Companies.

 How to get registered for Corporate Income Tax 

The first step will be to get your company registered as a taxpayer. Every business that is liable to taxation under the Income Tax Law of 1962, is required to be registered with SARS as an income tax payer.

Next, you will have to submit your annual tax return. Every registered tax payer, a person or a company, is required to submit a return of income. This should be done 12 months after each financial year. A company can submit their filing electronically via SARS’s e-filing or manually at a SARS branch.

You are also liable to submit provisional tax returns. There payments are to be made every six months. This must also contain estimate figures of the total revenue earned for that period. When you submit your return, you will also be required to give the SIC code for your business. This code can be obtained on SARS’s website.

Before you submit your ITR14, you should ensure that your company’s details are up to date.

When should you pay your Corporate Income Tax

Provisional tax is to be paid in accordance with the following framework of terms:

  • The first payment is to be made within the first six months from the beginning of the year that is being assessed.
  • The second payment will be made before or on the last day of the year that is begin assessed.
  • The third payment is to be made seven months after the year that is being assessed (for companies that uses February as their year-end). Six months after the year that is being assessed in all other cases.

SARS have made multiple methods available to their customers to make their payments of income tax. These methods include:

  • Online Banking
  • e-filing
  • Electronic funds transfer (EFT)
  • By cheque
  • Swift payment method (only to foreign payments)

Nobody wants to pay taxes on their hard owned money,  but in the end it is better to pay it and to get it over with. Do not try and avoid paying taxes, it will only result in major problems for your company. Do the right thing. Have your company registered and pay your taxes.

For assistance with starting a company please, Click Here for more information.

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