Entrepreneurship

We have had the hardest festives with many people at their lowest especially in the labour market

Starting business is always the best decision an individual can take,. However the approach and the implementation of everything can either make or break the business before it even takes off.

It’s easy to register your business, get tax number and get your business on the Central System Database (CSD). Hence statistics show that 70%-90% of SMEs fail within the first 12 months of establishment.

Building a business is like building a house thus one needs a “Blueprint” which this case is a BUSINESS PLAN, however there are subsections and topics to be covered by the business plan; Marketing strategies, organisational structure, financial projections and many more until the business can be properly established.

As we start the new year amidst the dark cloud of Covid-19, many people have been retrenched or the cost of living has went higher than anticipated. We ought to be very vigilant with whom we trust with our ideas and money to help us establish our businesses.

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    Jonny Lesetja Ledwaba

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