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How to Start a Small Business Starting and managing a business takes motivation, desire and talent. It also takes research and planning. Success in small business starts with decisive and correct opening moves. Although initial mistakes are inevitable and not fatal, it takes skill, discipline and hard work to regain the advantage.
To increase your chance for success, take the time up front to explore and evaluate your business and personal goals. Then use this information to build a comprehensive and well thought out business plan that will help you reach these goals.
The process of developing a business plan will help you think through some important issues that you may not have considered yet. Your plan will become a valuable tool as you set out to raise money for your business. It should also provide milestones to gauge your success.
Visit our Start-Up Basics Frequently Asked Questions (PDF -15kb) and find out all there is to know about starting a small business and the risks and rewards involved!
Getting Started
Before starting out, there are some checkpoints to go through, such as listing the reasons you want to start a business, determine what business is right for you and more. Download the getting started manual. This manual will also help you decide on the type of business organisation for you and investigates leasing options and financing basics. Are you ready? Test yourself to see if you are ready by running through our Frequently asked questions on getting started and why small businesses fail. Download the Are you Ready test (PDF -63kb).
Leasing
For more details and things you need to know about leasing, you can download our leasing plan (PDF -7kb).
Absa’s Small Business toolbox will give you all the information you may need in setting up and maintaining your small business.
The Business plan
Now that you have decided on some the getting started fundamentals Absa has created a booklet that potential business owners can work through when working out their business plan.
Download (PDF -126kb) full business plan booklet
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