The Buzz on What to know before starting a business in South Africa

I recently desired to buy canvas prints of some pictures and followed a link to a page where it looked like the business stood out in providing these. But when I clicked through to the rest of its website, the business had many other unassociated printing services, that made me question if they were truly specialists in canvas prints.

Part of doing a BMC as described above is understanding your different target markets. At Another Point of View , for example, we have federal government customers and business customers. In our context, the government purchasers are generally searching for the best rate, while business customers are more concerned with quality. A federal government client has a much greater requirement for compliance and paperwork; a corporate customer for capability to get the work done.

It's never a wild-goose chase to do a SWOT (strengths, weaknesses, opportunities and hazards) analysis on your service, company unit, product or service. Strengths and weak points are internal (for example, an experienced group would be a strength, while poor leadership in a specific location would be a weak point); opportunities and risks are external (a chance would be a modification in tax law that allows you to export an item more cheaply to a neighbouring nation, while a threat might be a bad nationwide or international economy).