1. What business types suits me?
Tyronne Nel- PheZulu Business Management & Catherine Young – Thinkroom Consulting

2. Meet Tyronne Nel | tyronne@phezulu.net
Founder of PheZulu Business Management
20 years experience in SME development
Created first SME business management franchise in RSA
Passion for helping entrepreneurs take their ideas from conception to success
Successfully franchised to assist SME’s on a national level
Performs all back office functions so you can do what you do best - run your own business

3. Meet Catherine Young | ‏@CatherineHYoung
Owner – Thinkroom Consulting
SME development across all industries and sectors
SME development strategies for corporate organisations
Background
Corporate companies: Shoprite, Chevron, Deloitte, Ariba
Twenty years experience in various positions held relating to supplier and small business development

4. How can I improve my business’ chance of success?
Uniqueness
Competitors
Need
Target market
Market Research
Start-up costs
Cost of sales
Operating costs
Turnover / Sales
Business Costs

5. Personal Liability Company
My business, my choice
This is the simplest form of entity as you require no forms to set it up and you can begin any time you choose.
While it is no longer possible to register new corporations, any existing corporations are still legal and will operate as normal.
Under the new Companies Act, private companies have become the new standard for business. Changes to the law have made their operation easier and cheaper.
This is mostly used for professional partnerships, e.g. Lawyers & Accountants
Sole
Proprietor
Closed Corporation
Private Company
Personal Liability Company

6. Further thoughts on Business Entities
Should your business have more than one shareholder, talk to a professional to assist you with technical issues like:
Shareholder’s agreement
Memorandum of incorporation
Secretarial duties
The different entities each have their own peculiarities and risk profiles

7. CIPC website: www.cipc.co.za

8. PheZulu website: www.phezulu.net