Business Planning Tips for Small Businesses

Updated on 12 September 2024 • Reading Time: 4 minutes

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Are you ready to take charge of your business planning? Get to know the key tips and tools to help your small business. Learn practical advice on business planning tailored to your business, understand the essential legal requirements for starting your business, and download our free, easy-to-use business plan template to streamline your planning process.

Legal Requirements for Starting a Business in South Africa

In the excitement of starting a new business, business owners often put all their focus and energy on revenue generation and ensuring profitability for their company, and overlook the legal and compliance aspects.

There is, however, a long list of laws and taxes that all businesses need to adhere to. This includes legal issues that owners deal with in the day-to-day running of their business, such as reviewing contracts to protect their business, handling supplier or contractor disputes, Internet security breaches, product liability issues, employee theft, tax audits, employee confidentiality concerns, and threats of customer lawsuits.

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Grow Your Business with Our Easy Business Plan Template

Grow your business with our easy-to-use business plan template. This tool helps you define your mission, set realistic goals, and create a plan to reach them. It’s great for testing new ideas, getting funding, and attracting investors. Think of it as your guide for growth and success. Download it today to improve your strategy, find key partners, and keep your business on track. Don’t miss this chance to make your entrepreneurial journey smoother and more effective. Make your business goals clearer and your path to success easier with our Business Plan Template!

Download Now!

One-Day Company Registration + Top-Rated Accounting

Are you a small business owner looking to simplify your financial management and drive your business forward? Sage Accounting is here to help. As a powerful software solution designed for small businesses, Sage can streamline your operations, provide valuable insights, and facilitate collaboration.

Sage Accounting is a powerful software solution designed to help small businesses thrive. With its user-friendly interface and comprehensive features, you can:

  • Easily track transactions, manage invoices and reconcile accounts.
  • Gain valuable insights into your business performance.
  • Share financial information and work together seamlessly.
  • Connect Sage Accounting with popular apps to enhance your workflow.

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Ready to experience the benefits of Sage Accounting firsthand? Sign up today and enjoy a 30-day free trial​ to explore all its features.

Need Help with Company Registration?

Our trusted partners offer expert guidance and support for company registration processes. From choosing the right business structure to completing the necessary paperwork, their services can help you navigate the complexities and ensure a smooth registration. Don’t let registration delays hold you back. Get expert help now and start your business journey

Why Shopify is a Game-Changer for Small Businesses

Tired of the hustle and bustle of brick-and-mortar retail? Want to reach a global audience without the overhead costs? Shopify is your answer.

As a small business owner, you know that online presence is more important now than ever. Shopify offers a user-friendly platform that empowers you to create a stunning online store, manage your products, and reach customers everywhere.

Here’s why Shopify is a game-changer for small businesses:

  • No Technical Expertise Required: Shopify’s intuitive interface makes it easy to set up and customise your online store, even if you’re not tech-savvy.
  • Scalability: Whether you’re just starting or ready to expand, Shopify can grow with your business.
  • 24/7 Support: Shopify’s dedicated support team is always available to assist you with any questions or issues.
  • Seamless Integrations: Connect Shopify with various apps and services, including payment gateways, shipping carriers, and marketing tools.
  • Global Reach: Sell your products to customers around South Africa and the World with Shopify’s international shipping capabilities.

Ready to take your business to the next level? Sign up for Shopify and discover the endless possibilities. With its powerful features and user-friendly interface, Shopify can be your online store’s secret weapon to success.

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Funding

SME Funding - Get Pre-Approved

Important – Please Read Before Applying:

  • This funding is strictly for registered businesses with a valid CIPC registration number.
  • Your business must have an active business bank account (applications using personal accounts will not be accepted).
  • Minimum monthly turnover: R50,000 for the past 6 months.
  • This is not personal funding or a grant.

Applications that do not meet these requirements will, unfortunately, not be processed.