Buying a Business in South Africa
Business, like life is influenced by the accumulation of all our experiences. An intermit knowledge of the business you intend investing your time and money into is vital. If you have worked on a job all your life and have never owned a business then the transition will be one of the biggest challenges you will have to face. Being fully responsibly for the sustainability of a business with everyone relying on your leadership and for their income is a very different mindset to being on a job where you had a limited responsibility and knew that you would get a cheque at the end of each month.
There are always benefits and disadvantages in every decision, so be sure that you have the entrepreneurial spirit and the right information before you give up the comfort of a job. Ownership has its rewards, but it comes at a price. It is important to be honest with yourself especially when it comes to recognizing the difference between wishful thinking and reality Any successful business owner will tell you that the business is the real boss. The satisfaction and financial rewards of owning a successful business can outweigh the responsibilities by a huge amount. Advice from successful people in the type of business you intend buying and professional advice on how to plan your purchase can make the difference between long-term success and short-term failure.
Now is an opportune time to own a business in South African because we are the most developed country in Africa. We have the best infrastructure in Africa. South Africa is the 3rd best country in Africa to have the least government interference in Business matters. It only takes 35 days to register a company in South Africa; the world average is 48 days, the country has an increasing target growth rate of 6% per annum and we have a government dedicated to democratic principals.