Entrepreneur Archives

Last week, I wrote how a trust saves tax for property investors. The same applies to entrepreneurs. You’re building your business, and you hope that some day it will provide for your retirement or that you will be able to sell it and invest the money for retirement income. And instead, you die. Damn! You may recall that the two taxes on death are – Capital Gains Tax (CGT) at about 18% Estate Duty at 20% Capital Gains Tax (CGT) You are deemed to have sold your assets to your deceased estate at the moment of…

We have formed about 1 000 companies since my partner packed her bags at the end of October 2014. That’s an average of over two per working day. Each of these represents someone’s dream. I know from their non-submission of tax returns and CIPC returns that the vast majority of the dreams turned to dust. Here’s my advice. 1) You must have a product/service that people already want. 2) You must be able to produce/deliver that product. 3) You must be able to market that product. 4) You must be able to sell that product at a price that is…

Whether you are just starting a business or have been at it for many years, chances are you need to learn some kick-start lessons either to get you going in the first place or to re-vitalise your company that is, perhaps, becoming stale. Here’s what I did recently – As you will know if you follow me, my partner, Tina, left the practice at the end of October 2014 and took just about all of our clients with her. Those that she didn’t take in October, she gradually managed to extract over the next few months. She was, after all,…

When I first started consulting, I got kicked out of quite a number of offices and I quickly understood why. The reason is that a company is a reflection of the person who runs it and it takes on a character that reflects his or her personality traits. All well and good, but when things go wrong and the consultant gets called in he’s going to start pushing buttons that hurt, because what’s wrong with the company is what’s wrong with the boss. This is true of all of us in business and as none of us is perfect, our…

Entrepreneur

How trusts avoid taxes for entrepreneurs

How to become a successful entrepreneur

How to kick start your business

Your company is a mirror of your personality