In the last blog article, we mentioned that the registration and ongoing operation of your company is regulated by the Companies Act. The following points, of the recently amended Companies Act and your small business, are important to note: A (Pty) Ltd is owned by its shareholders; these can be individuals or other companies. The […]
Once you have understood all the possible types of business formats that can be incorporated, you can choose which structure would suit you best. If you decide to run as a sole proprietor or partnership, there is no need to register your business. However, all other business structures must be registered with the South African […]
Once you have made the decision to start your own business, it is important that you understand the different types of business entities that exist and make the decision of which type of business structure you would want to set up. According to, The Companies Act 2008, the following types of business structures can be […]
Besides having sound economic policies, the country has world class legal systems and robust financial systems. These factors offer a favourable business milieu. South Africa has a sophisticated telecommunications facilities and we have the highest internet usage on the African continent. Our infrastructure and transport network are good and government is continuing to improve the […]
If you are pondering on starting your own business, bear in mind that your aim should be to build a profitable and scalable business that is worth a tremendous amount of money. But, most often when we are beginning with the business, we make the business all about us as the founders or owners. We […]
One of the most popular reasons for people starting their own businesses, is that they have become tired of working for others and realised that a job offers a fixed amount of money while starting their own company can generate a significantly greater amount of money for them. It is clear that while employees have […]
Despite the current gloomy economy, small businesses can be optimistic since there are opportunities to help them grow. According to Stephen Timm, over the coming year and those to follow, business owners are likely to find a number of opportunities. Here are some: Favourable policy for small businesses include a promised 30% set-aside of state […]
Many entrepreneurs fail to give sufficient thought to the name they choose for their business. Remember that the name you choose has a direct impact on the branding. One needs to take account of the following critical points when selecting the name of your business: 1. Check that the company domain name is available before […]
Once you have a company registered at the CIPC, remember that you have to register your company with the various statutory bodies for income tax and withholding taxes such as PAYE, SDL and UIF. Income tax: A tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income […]
One of the first things successful people realize is the old adage, "If it is to be, it is up to me."
For you, that means that your success, your course is up to you. This doesn't mean that you do it all alone. It simply means that you take responsibility for your life and your career.
Too many people today look at opportunity and figure it is up to someone else to make sure they get it. They wait and wait, figuring that it is up to someone else. And then the wait is over, and it is too late to do anything. Their life is over and they are filled with regret.
But this isn’t true for you. You know that you must take responsibility for your life.It is up to you.
The fact is, nobody else is going to do it for you. You must do it yourself.
Now, some people might think, That's a lot of responsibility. But here's what I think: That is the best news you can ever hear. You get to choose your life. Hundreds of millions of people all around the world would give anything to live in the situation you do—to have the opportunity to take control of their destiny. "It is up to you" is a great blessing!
Here’s why:
1. You get to chart your own destiny.
Maybe you want to start a small business and stay there. That's great because you can choose that. Maybe you want to create a small chain of stores. Maybe you want to have a net worth of $100 million. That's OK, too. The point is that you get to choose. You can do whatever you like. Different people have different dreams and they should live them accordingly.
2. You reap what you sow.
Sleep in and go to work late and reap the return. Or get up early and outwork the others and earn a greater return. Place your capital at risk and earn a return. Place your capital at greater risk and perhaps reap a greater return. You decide what you will sow and thus what you will reap.
3. No one else can stop you from achieving your dream.
Yes, there will always be obstacles that come up and people who may not like what you are doing, but you can just move on and chart your own course. There is great freedom in that.
4. You experience the joy of self-determination.
There is no greater pride than knowing you set your mind on something and accomplished it. Those who live with a victim mentality never get to experience the joy of accomplishment because they are always waiting for someone else to come to the rescue. Those who take responsibility get to live the joy of seeing a job well done.
Let me ask you a question: Where will you be in five years? Ten years? Twenty-five years? Do you know? Do you have an idea? Have you ever dreamed about it or set a goal for it? Are you willing to take responsibility and recognize that it is up to you?
You will be wherever you decide to be at that point. You decide. It is up to you.
And that is very exciting!
by Jim Rohn