Running a successful small business involves more than just working for yourself. Before you leap in you need to consider three important aspects:
- Will the business satisfy your needs?
- Do you have enough skills to run the business?
- Do you have a sound business proposition?
Experience suggests you are more likely to succeed if there is a good match between your business venture and your skills, interests and motivations.
Tips for start-ups:
- Learn as much as you can about your proposed business. Use networks like business associations and ask questions.
- Be realistic about the effort, time and money it will take.
- Keep accurate financial and customer records from the start.
- Find a good accountant, lawyer, banker and insurance agent.
You can also find detailed information about how to start your business and more by visiting any one of the library business corners located at all public libraries in the Knysna Municipal area i.e. Knysna CBD, Hornlee, Masifunde, Sedgefield etc. An excellent online resource which can be used for more tips and info is http://www.smetoolkit.org
The small business strategy (2005-2014) published by the Department of Trade and Industry (the dti), emphasises limited co-ordination on SMME support programmes as one of the shortfalls on SMME development in the country. The SMME Directory is developed with the intention to strengthen integration of SMME support programmes offered by government, private sector and donor institutions. This is a good point of reference for any entrepreneur.
Knysna Municipality provides key assistance to businesses in conjunction with SEDA and is mandated to implement government’s small business strategy; design and implement a standard and common national delivery network for small enterprise development; and integrate government-funded small enterprise support agencies across all tiers of government. The following links will provide more information and resources for new and existing businesses from SEDA.
Contact Manager Economic Development:
Ms Ilse van Schalkwyk
Telephone: +27 (0)44 302 6358