So many times I’ve heard people say, “My dream is to open a little coffee shop/restaurant/take away/pizza place (insert your own dream/idea here), when I retire.” Sadly, more often than not they sink their hard earned life savings into a franchised something, only to discover somewhere down the road that it is not what they expected, or even worse, the business is not able to sustain them and they end up losing everything.

Research people! Research!
You really need to know exactly what it is that you are getting yourself into. You need to understand, in graphic detail, exactly what the business entails

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Ok, so now you have made the decision to go solo! No more working for a boss for you. You have decided on the widget you are going to sell or you have streamlined the service you are going to offer and now you need to get started. You’ve decided on the name of the company and now you have to get it legal! One of the first things that you need to do is register your company.

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Many people really struggle with the administration side of their businesses. Unnecessary,valuable hours are wasted and lost on performing gigantic administrative duties that should at worst take no more than minutes to perform.

For those of us who own our own businesses, this can equate to thousands of rands’ worth of time lost. The result is that often the admin does not get done and the consequence of that is total chaos! Chaos, when documentation cannot be found, that could end up costing money in terms of penalties, interest and worst of all – loss of a sale, or even loss of a client or a contract.

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I am often frustrated beyond measure and to the point where I lose my sense of humour when I receive a flyer in the mail advertising the services of a handyman and I call him, ready with my very long list of bits and pieces that I need done around the house, only to sit and wait for someone who never actually arrives, despite the fact that the appointment has been booked and confirmed. I mean, what’s with that?

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