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Good news for budding startups

Home Business Management Education & Training Good news for budding startups

ENTREPRENEURSHIP is a viable and exciting career option for many. However, starting a business is challenging at any time.

That’s according to Mike Anderson, founder and CEO of the National Small Business Chamber (NSBC), who said, “When starting a business, it’s not only about getting your company registered and compliant quickly and professionally, but also about doing what we can to help every new start-up succeed in business and to do this right from the start.”

With this in mind, the NSBC recently partnered with the Companies and Intellectual Property Commission (CIPC) as part of the Launch My Startup initiative.

CIPC Commissioner, Advocate Rory Voller said micro and small businesses were one of their key customer segments. “Up to 90% of the over 400,000 companies that we register annually fall into this category – startup businesses comprising between one and three directors.”

These, he added, “make a huge contribution to our economy, creating much-needed employment opportunities. The CIPC, therefore, welcomes the collaboration with the NSBC, with which it had concluded a formal MoU in recent months.”

Through this partnership, small businesses will gain access to webinars and other online tools, as well as CIPC’s business and registration channels to not only formalise but also to remain compliant as required by the Companies Act.

Accounting and payroll technology firm Sage has also thrown its weight behind the initiative.

“We are excited to partner with the NSBC through the Launch My Startup initiative. This aligns with our commitment to knocking down barriers for startups so that they can thrive by enhancing the competitiveness of South African SMBs so they can contribute to more inclusive growth,” said Viresh Harduth, Vice President: Small Business, Sage Africa & Middle East.

For more information, visit Launch My Startup.

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