Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: Your best tip for starting a business

  1. #1
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    3,439
    Thanks
    660
    Thanked 765 Times in 630 Posts
    Blog Entries
    1

    Your best tip for starting a business

    There has been a lot of horsing around over the festive season, but let's now get back to business. This is aimed more at the successful, established guys, but everyone is welcome to give their views.

    What is your best advice for someone wanting to start a new business today?

    Here's my contribution:

    Do the difficult things while they are easy and do the great things while they are small. A journey of a thousand miles must begin with a single step.
    Lao Tzu

    Excellence is not a skill; its an attitude...

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,980
    Thanks
    3,055
    Thanked 2,463 Times in 2,068 Posts
    Blog Entries
    12
    Believe everyone. Wait for no-one.

    (Don't know the origon, but it sure made a big difference for me).
    The trouble with opportunity is it normally comes dressed up as work.

  3. #3
    Silver Member
    Join Date
    Feb 2011
    Location
    Cape Town
    Posts
    323
    Thanks
    87
    Thanked 24 Times in 22 Posts
    Seriously, you want advice? Hang around on this forum.

    I have learned so much from reading posts here & asking questions.

  4. #4
    Suspended
    Join Date
    Oct 2007
    Posts
    2,346
    Thanks
    0
    Thanked 254 Times in 209 Posts
    rather take the step and fall...than sit around talking about it and never achieving anything in life....you can only fall so far then its up and away...i speak from experience...i spent many hours with people who have great ideas but never took the step...i decided to take the step 21 years ago and never looked back...i have fallen hard but...if i had the opitunity to do it again...the only thing i would do different is save a little money for a long time.

  5. #5
    Suspended
    Join Date
    Nov 2010
    Location
    Johannesburg
    Posts
    893
    Thanks
    8
    Thanked 61 Times in 54 Posts
    Do things right, from the beginning. Trust no-one. Put systems into place. Establish good working relationships with suppliers.

  6. #6
    Bronze Member
    Join Date
    May 2010
    Location
    Scottburgh
    Posts
    136
    Thanks
    35
    Thanked 41 Times in 28 Posts
    Quote Originally Posted by Kevinb View Post
    Do things right, from the beginning. Trust no-one. Put systems into place. Establish good working relationships with suppliers.
    and DO stocktake often,making money on paper is great but only if the stock is right.Find the right staff and your life will be much easier. Don't be scared to fire staff if they are not doing their jobs right, CCMA works both ways.Cash flow management is also very important.And the list can go on ......

  7. #7
    Bronze Member
    Join Date
    Jun 2011
    Location
    JHB
    Posts
    195
    Thanks
    67
    Thanked 28 Times in 26 Posts
    The best tip I have heard is that being successful in business means simply never giving up. This does not mean that you carry on doing something that is not working, but that you constantly reevaluate and adjust until it works.

    Another tip is to try and start your business whilst you still have a regular income. Once you get an idea whether it will work or not, you can take the leap.
    Sometimes the only transport available is a leap of faith

  8. #8
    Bronze Member
    Join Date
    Dec 2011
    Location
    Cape Town
    Posts
    182
    Thanks
    0
    Thanked 16 Times in 14 Posts
    Do things right from the start, make sure everything is filed on time with time to spare.

    PAY YOUR TAX!!! DO NOT CHEAT SARS.

    Plan your finances well and do not incur expenditure you do not need.

    Trust no one, if someone has 50% share, make sure they contribute 50%. If not, seek legal advice as soon as possible to limit your risk.
    █► AllWorldIT ~ www.allworldit.com ~ International IT Solutions
    █► Wholesale ADSL & Hosting, VPNs, Firewalls, Online Backups

  9. #9
    Silver Member Petrichor's Avatar
    Join Date
    Nov 2011
    Location
    Johannesburg
    Posts
    427
    Thanks
    23
    Thanked 38 Times in 29 Posts
    Never give up, resist procrastination, tackle the issues head-on.

    I have seen many people reccommend that you start your business while still earning a regular income, and it works. However, give yourself a deadline / goal for when you plan to take the leap. Something I have personally experienced was to make the mistake of falling into a comfort zone of dragging along with both my business and my 9-5 job, which meant that my business was not getting the attention it needed to grow into what I had originally aspired it to be.

    Do NOT rely on too much credit from suppliers, pay bills as soon as possible, it gives you a much better feel for where you are and what your cashflow situation really is in the beginning. .

  10. #10
    Diamond Member wynn's Avatar
    Join Date
    Oct 2006
    Location
    east london
    Posts
    3,338
    Thanks
    548
    Thanked 624 Times in 523 Posts
    Just do it (thanks Nike)
    The water is not that cold and the butterflies in your tummy are addictive.
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
    http://www.smashwords.com/books/view/332256

Page 1 of 2 12 LastLast

Similar Threads

  1. [Question] Starting an online business
    By Marcsa in forum Business Online Forum
    Replies: 1
    Last Post: 10-May-11, 08:40 AM
  2. Starting a Business
    By Olderwagen in forum General Business Forum
    Replies: 10
    Last Post: 07-Feb-11, 09:53 PM
  3. [Article] Starting an online business
    By Chatmaster in forum Marketing Forum
    Replies: 6
    Last Post: 08-Nov-09, 06:47 PM
  4. Starting up a New Business With a partner.. What to look out for
    By Snoopy_inc in forum General Business Forum
    Replies: 13
    Last Post: 13-Jun-07, 08:57 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •