Who you gonna call?

There are many valuable sources of information available on how to start or run your own business effectively.

Any information you might need to start or run your business effectively is out there – and for the most part it is free. Here are a few ideas. For a basic guide and great extras, most banks have taken the time to provide lots of information for small-business owners. A visit to www.absa.co.za is a must.The website has an entire section dedicated to providing information on starting a business.

You can find guides, including the non-financial risks of being a business owner and a check list for buying a business. There is also an interesting section on business ideas and a cash-flow programme you can download.

Standard Bank’s website – www.standardbank.co.za – has a handy Business Basics Guide that can be downloaded free, and information on legal matters you might find useful.

Nedbank also offers interesting information, and it has what it calls small-business services. For R360, existing clients can visit the small-business services at any Nedbank branch to help them register their business. For more information, visit www.nedbank.co.za.

* Can government help me?

The government has set up the Small Enterprise Development Agency (Seda) to help small businesses get off the ground. The agency’s website has all the usual information on how to register your business and other basics.

A useful section to look at is the business ideas, where you can click on links that will give you more information on ventures, such as marula processing, retail and security.

The agency has offices in all nine provinces, where you can walk in and get advice. To contact the agency visit www.seda.org.za or call 0124411000.

* Networking opportunities

For female entrepreneurs, the South African Women’s Entrepreneur Network (Sawen) is a great option. The network is an initiative by the Department of Trade and Industry.

Joining is easy. Fill in its membership form and pay the annual membership fee of R300. For this you get to join in on networking forums, and access to information and key decision makers in business. For more info visit www.sawen.co.za.

Another network to consider joining is Enablis. The Canadian-based organisation has what it calls a member-driven network. In essence, joining up with Enablis gives you access to like-minded entrepreneurs and to mentoring and coaching programmes.

Visit its website, www.enablis.org.

Biznetwork is another networking opportunity. Its aim is to get small businesses talking by hosting discussion forums and providing access to mentors. Visit its website www.biznetwork.co.za.

* Money, money, money

Access to funding is one of the largest hurdles faced by any small business. There are, however, many organisations that try to help with funding.

Here are a few. The National Empowerment Fund (NEF) has been set up to help with broad-based black economic empowerment. Its four funds include entrepreneurship finance, procurement finance, franchise finance, and rural community development projects. For more information visit their website – www.nefcorp.co.za – or call 0113058000.

Khula Enterprise Finance is a government entity that provides finance. It has been around for almost 13 years. For more information visit www.khula.org.za or call 0860054852.

Business Partners helps small and medium businesses with equity finance, which means it becomes a partner in your business until you have repaid the loan.

It has branches nationwide. To find out more visit www.businesspartners.co.za

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The Industrial Development Corporation (IDC) is a good place to ask. It has an Africa fund. Visit its website www.idc.co.zaor call 0112693000.

* Your two essential contacts

Get a good accountant or attorney. While many of the above-mentioned organisations might be of assistance, nothing can help as much as someone who can advise you daily on good financial management.

A good way to verify whether your accountant is a member is to go to the South African Institute of Chartered Accountants website, www.saica.co.za. Speak to other small-business owners about accountants and attorneys. They will let you know if their service provider is any good.

And last but not least. Advertise your services and skills for free on the Rent-A-Skill website (http://www.rentaskill.co.za). Here you can get access to essential free business tools like quote and invoice generators.

Rent-A-Skill
May 4th, 2010 | No Comments
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