Starting a Company? Here’s what to do

Are you one of the people who wants to start their own companies but don’t know what to do? This article will provide you with guidance on how to start your business venture and what to do going forward. Here are 6 steps on what to do to get started.

 

Step 1: The Idea (Product & Service)

The first step is to decide on what products, service or solutions you want to offer to the market place. The best way to figure this out is to simply identify the things that you are good at or passionate about; this includes your skills and the expertise you have. Another thing to do is to Identify opportunity within your area which you can leverage to make money. You can also take into consideration your work duties at the current or previous job, and also you can leverage on the knowledge and experience you have and teach, consult or coach others for money. That’s how you can get started in business

 

Step 2: Register the company.

Your second step is to simply register a company. Registering a company in South Africa is pretty much easy and can take anything between 24 hours to a week. Company registration is done through the CIPC (Companies and Intellectual Property Commission). There are many companies that can register a company for you if you want to avoid the hustle of having to deal with the CIPC. To learn more about registering a company and the entire process of registering a company with the CIPC, click on the following links:

Related: How to register a company in South Africa

Related: The process of registering a company in South Africa

 

Step 3. After registration

After registration you can go ahead and start trading, nothing will stop you. It is important to know that nothing stops you from running a business without registering a company, however this may have consequences, especially with the law. The other thing is many businesses prefer to trade with registered businesses. There are many people who run business and make money without registered companies. You find this people to be builders, painter, carpenters, and many more businesses like that. Nonetheless, there are things to consider after registering a company, such as business bank accounts and compliance with the law. For more information on this, follow the link below:

Related: What To Do After Registering A Company

 

Step 4: The Essentials

The essentials are things you should consider having when you start operations. These are things such as letterheads, invoice, quotations, company profiles, business plans, business cards and some form of marketing materials. Nowadays a domain name is quite essential at startup. Although you may not have a website, having a domain name and custom email addresses is key.

 

Step 5: Online Presence

Online Presence can be something as simple as being on Facebook or Twitter. It is important that clients are able to find you online, and you are able to showcase your work online. The simple and easy way to build online presence is to start with Online Business Directories. This can even get you leads and clients. From here you can move on to social media. Otherwise the other best way is to have your own company website. Click here to register your company with our online business directory for free.

 

Step 6: Pitching

Now is the time to dive into the sea and start looking for clients. My advice in client acquisition is that even though relationship are important, make sure the relationship benefits the both of you. Do not waste your time with clients who do not value what you do because you will not be paid your worth. Also be aware of wasting your time with non-paying clients. Finding clients will not be easy. Take note that client acquisition and income are the biggest differences between successful businesses and failing businesses… it all comes down to clients and income.

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