Company Partners Tenders

Studies show SA entrepreneurs need Business and Tender assistance

Thousands of Tender and RFQs have already been released in the first 6 months of 2017. The only thing standing between SA entrepreneurs and Tender success is know-how and assistance.

Why South Africa is great for business and Tenders

South Africa’s entrepreneurship is ranked 55th out of 137 countries across the globe and second to only Botswana in Africa, according to the latest statistic by the Global Entrepreneurship and Development Institute Report (GEDI).

Company Partners Tenders

Our entrepreneurial culture shows high growth rates; many competitive opportunities and various venture capitalist who invest in our businesses.

Furthermore, we have strong numbers in exports and we’re great innovators, according to the GEDI’s research.

Contract opportunities are also abundant according to How2Tender director, Wynand Cronje. How2Tender assists entrepreneurs with the Tender application process.

“There are plenty of opportunities, including RFPs, RFQs and Bids, in circulation. These opportunities range from small to very large,” explains Cronje.

“The leading Tender lead distribution companies distribute anywhere between 5000 and 7000 tender opportunities per month.”

Why small businesses and start-up entrepreneurs are struggling to win Tenders and grow

Despite all the opportunities, thousands of entrepreneurs and business owners are struggling to stay afloat or to create business growth.

The GEDI’s statistics might reveal why so many entrepreneurs fail, despite their good intentions.

South Africa’s worst-developed entrepreneurial characteristic is startup skills. Our lack of business knowledge and skills significantly affects the success South African businesses.

In addition, Cronje believes most businesses don’t apply to the available Tender opportunities, because they lack the necessary knowledge.

“The most general excuse is that they can’t compete in corrupt procurement processes, which is a misconception. The bulk of Tenders are awarded fairly and according to the preferential procurement act. The preferential procurement act factors in technical compliance, pricing and B-BBEE,” he explains.

“The bulk of the entrepreneurs have a very basic understanding of public procurement and the legislation that governs it.”

How to get the Tender know-how and assistance your business needs

Company Partners’s Legal Expert Tsitsi Kinnear believes South African entrepreneurs often miss business opportunities, because they don’t have access to the right business resources.

“Bigger corporations usually have procurement departments who specialise in sourcing and applying for Tenders for the company. The average entrepreneur neither has the time or the resources to have that,” explains Kinnear.

“Some Tender documents can go for over 200 pages while using complex terminologies and phrases which can take hours to complete.”

That’s why Kinnear, and the rest of the Company Partners team, created a brand new Tender Subscription Service that assists South African entrepreneurs with all the know-how and assistance they need to apply to Tenders successfully.

Tender-Subscription-website-Gif-banner

Click HERE to see how Company Partners can assist with in applying for hundreds of Tenders relevant to your business.

“We behave as that procurement department on behalf the client. We save time and valuable energy that the startup desperately needs to use in other areas of the business.”

This monthly Tender Subscription Service includes the following:

  1. Access to over 10 000 Active Tenders and over 300 Funding Opportunities;
  2. A list of all the documentation you need to submit a successful Tender Application;
  3. A Premium FREE BEE Affidavit (which replaced the BEE Certificate);
  4. Help with you first Tender Application and;
  5. A monthly consultation for all your future Tender Applications.

“As South Africans, we need to continue to increase economic growth, this is done by empowering the entrepreneur. A start-up winning a significant Tender not only aids the start-up themselves, but the economy through job creation,” says Kinnear.

If you’d rather like to sign up for a once-off Tender package you can read all about it, by clicking right HERE.

 

online shop

Starting an Online Shop has never been easier in SA

Online shopping is one of the fastest growing markets in the world, including South Africa. Here’s exactly why and how you should set up an online shop to grow your business in 2017.

It all started 23 years ago with one Sting CD.

A man named Phil bought an album from NetMarket in Philadelphia on the 11th of August 1994, marking which seems like the first online purchase in human history.

The New York Times had the perfect headline, “Attention Shoppers: Internet Is Open”. Almost two decades later and ecommerce business is booming.

By the end of this year, consumers worldwide will spend about $1.9 trillion on online purchases, according to eMarketer.com.

Online Shopping is the Future

The obstacles that stopped multiple online shopping sprees from following that one momentous album sale are problems of yesteryear today.

Almost half of the world’s Internet users will be making online purchases by 2018, says Statista.

More people have access to the internet; internet costs are dropping; reputable brands have online stores; payment are easier and more secure; and online shops can often provide better prices, instant customer reviews and free delivery to your doorstep.

As a result, Ecommerce is one of the fastest growing industries in the world according to Ready Cloud, a company that specialises in e-commerce software.

 

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South Africa’s rapidly growing Ecommerce Industry

In South Africa the current number of online shoppers is not nearly as impressive as the rapid growth rates.

South Africa’s online spending is expected to increase by a whopping 43% by 2018, according to Ipsos’s 3rd annual study on global ecommerce figures (a study commissioned by PayPal). That amounts to a grand total of R53 billion.

“The growth rate in South Africa is still exceptionally high, coming off a very low base”, explains Arthur Goldstuck, the managing director of the World Wide Worx (a research company focused on South African business tech).

“This indicates that there is tremendous potential in this market for new business models and even underexposed product categories,” he reveals in his interview with Moneyweb.

How to make the most of Ecommerce Opportunities in SA

South African entrepreneurs need to up their game in order to meet the level of ecommerce innovation in established Western markets, says Goldstuck.

Company Partner’s Branding expert, Daniel Coetzee, agrees.

“A lack of knowledge, hampers the level of ecommerce in SA,” Coetzee says.

Coetzee is part of a team of experts at Company Partners who assist Start-Ups with legal documentation and business growth.

“Most people have heard of the concept. They’ve heard of the possibility of turning their website into an online store, but they stay away due to lack of know-how.”

e-commerce website

How to get a started with your Online Shop

Consequently Coetzee recently launched a turnkey ecommerce service at Company Partners to assist struggling SA entrepreneurs with entering the ecommerce market.

“We offer the foundation and education to empower you to start selling your goods online,” says Coetzee.

This cost-effective service includes a website and an online shop setup, 3 hours of support and a series of online video tutorials.

“The opportunities of selling online are limited only to yourself. With an online shop you can cater to clients outside your usual sphere of influence.

“The best part is, it’s a 24 /7 trading platform. Allowing you to generate more revenue in a day without having to keep those extended office hours.”

To learn more about this ecommerce service, simply just click HERE. A whole new generations of shoppers are waiting for you.

3 Steps to Apply for Funding Opportunities in SA

Figuring out where to find funding for your business and getting all the qualifying documents to apply for one of over 300 funding opportunities can be a very difficult and exhausting task. That’s why we’ve boiled it down to 3 easy steps and tons of help along the way.

Let me guess, you’ve got a great business, but no financial support to apply for Tenders and to grow your business into the success you know it could be?

You have no clue where to start looking for funders or loaner who could be interested in backing a business like yours and you have no idea what legal documentation you need to apply to them.

Don’t worry. You’re not the only one. According to statistic, South African entrepreneurs experience funding, red tape and company documentation as the most difficult challenges in growing their businesses.

The South African Institute of Chartered Accountants (SAICA) conducted a study in 2015 that of over 800 small to medium businesses found that growth finance and government-generated red tape was two out of the 5 most challenging obstacles mentioned.

The other three obstacles were B-BBEE codes, labour laws and and tax laws.

Another study shows that multiple businesses may still be struggling as self-funded enterprises, just because alternative funding can’t be found.

“The majority of small business owners are self funded, with 63% reporting using personal savings while 20% found investment or a loan from a family member, partner or friend and only 6% turned to business angels or venture capitalists,” reads the World Wide Worx’s study on South Africa’s small businesses.

“It is possible that this is not by choice – 27% of small business owners cited access to funding as the biggest challenge to starting their business.”

Even if you are aware of funding or loan opportunities, it can be really frustrating working through hundreds of opportunities, knowing full well you might be disqualified from half of them, not knowing exactly what they’re looking for.

That’s exactly why we’ve crafted a 3-step plan to guide you through the process of finding the perfect funding opportunities and acing your funding application.

Step 1: Get your basic Company Documentation in order with one call

At the very least, you’ll need a company registration document; a business plan that includes your marketing, sales and financials; and a Tax Clearance Certificate to qualify for financial support.

Simply call our toll FREE number (from landlines) 0800 007 269 for your FREE consultation. Our team of experts can assists you with getting your Company Documentation in order in record time.

Requirements to access finance

Step 2: Sign up and fill out this form in 15 minutes

To address the need for an easy way to search for appropriate funding, Company Partners has teamed up with FinFind, a FREE app that searches databases of funders and loaners for financial support that fits your business. It also informs you of any documentation you still need to qualify for these opportunities.

Simply fill out the FinFind form (it takes about 15 minutes) by clicking HERE to find out what opportunities suit your business and / or what documentation you still need to apply to them.

If you still need documentation, simply refer back to step one and call our experts to sort you out in no time with your outstanding Company documentation.

Step 3: Apply for your personalised list of funding or loan opportunities

After you’ve made sure you’ve all the documents you need to qualify, FinFind searches over 300 funding opportunities to find the best fit for your business.

You’ll receive a list of personalised opportunities with the highest chance of success for your application.

Now it’s up to you to make the most of your nifty list. Apply to all of these opportunities, submitting all your required documents. Keep in mind these applications often take months to be processed by some funders or lenders.

If all goes well, you’ll be on a one way road to getting all the resources you need to grow your business into the Company of your dreams.

Requirements to access finance

Contact Company Partners today if you’d like to set your Business up for success on the following toll-FREE (from landlines), number: 0800 007 269.

5 Signs you’re an Entrepreneur

Wondering if you have what it takes to run your very own business? We’ve narrowed it down to the top tell-tale signs.

5 Signs you’re an Entrepreneur

Just do one simple search on Google and you’ll find an endless list of entrepreneurial qualities, all described as the trademarks of a successful entrepreneur: passion, business focus, drive, confidence, innovation, persuasiveness, determination, independence, curiosity, risk-taking, adaptability, self-discipline and the list goes on.

Not even Bill Gates have them all.

Luckily, the real determining factor, according entrepreneurial researcher Jesper Moe, is not whether or not you’re born as a “super-individual” with all these qualities, but rather whether or not you choose to develop these entrepreneurial qualities throughout your life. Thus, your attitude.

According to his paper, A Meta-analysis on who become Entrepreneurs, “becoming an entrepreneur is a possibility even if the individual is not in possession of the traits needed” as it’s more than possible to get help towards becoming entrepreneurial.

That’s why we’ve compiled a list of 5 real signs you’ve chosen the road to entrepreneurial success, rather than a list of qualities that you could Google in anyway. Here you go!

 

  1. You want to learn something new everyday

You’ve got the secret all figured out: knowledge is power and we all start out knowing nothing. Even Richard Branson had to start somewhere.

To you, finding the road to success is a matter of soaking up as much know-how and info as soon as possible.

You read books and business articles; you attend workshops; you watch YouTube videos on entrepreneurs and you dive into conversations with leaders in your industry or people you admire.

The only real failure is going to sleep tonight with the same amount of knowledge you had yesterday. If you have questions about starting up, feel free to call Company Partners for advice. 

 

REGISTER A COMPANY

 

  1. You’re on a daily mission to improve yourself

Just like anyone else, you were born with a set of strengths and weaknesses that you did not choose. It’s how you use those strengths and how much you underplay or work on your weak points that determine how much you can achieve with what you’ve been given.

According to Vivek Wadwat, a research director at the Duke Center for Entrepreneurship and Research Commercialization in North Caorlina, it’s still one of the most common misconceptions that people are born entrepreneurs.

“Although some research indiciates that entrepreneurship skills are genetic qualities, anyone lacking theses skills can learn them or develop weak qulities into strong ones,” explains Wadwat.

If you’re dedicated to honing those entrepreneurial skills that don’t come naturally to you, for e.g. business focus; confidence; innovativeness or self-discipline, you’ve chosen the road to success.

 

  1. You’re willing to take action, even if it’s risky

“Anybody can think up an idea for a business, but not everyone can put rubber to the road and actually grow something that both matters and earns money,” explains entrepreneurial blogger Caleb Wojcik. “Taking action is the difference between entrepreneurs and non-entrepreneurs.”

Sure you can fail, but Rome was not made in a day. It also did not build itself. A great idea means nothing if you don’t invest the time, money or effort needed to see if it can actually work and that usually requires taking some sort of risk.

Whether that means going into your own business full-time, investing some of your saving or simply sacrificing your free time to develop your business in the evening, while you pay your bills with your day job.

 

REGISTER A COMPANY 

 

  1. You have a passion to change the world for the better

One of the most common entrepreneurial traits mentioned in business research is opportunity spotting. This simply means you have the ability to spot problems in the world and solve them – like a real-life superhero.

Finding needs that are unmet within your community and investing your time and energy to find sustainable ways to fulfil those needs on an on-going basis is not only the basis of a good business plan, but also a sure-fire way to better the world.

 

  1. You’re ready to get up after failure, every time

If you Google quotes on success, you’ll find an overwhelming amount of them are focused on overcoming failure. The reason being, failure is both inevitable when you try new things and it’s necessary to finding new and better ways of doing things.

Hollywood director Steven Spielberg was rejected by multiple film schools, Steve Jobs was fired from his own company, Apple, back in the day and the famous fashion designer Vera Wang was a figure skater who never made the Olympic team.

Former UK Prime Minister Winston Churchill summed it up perfectly: “success is the ability to go from failure to failure without losing your enthusiasm”.

That’s why adaptability is one of the key qualities associated with successful entrepreneurs. You have to have the willingness to take risks and then you need to be willing to get up and change things up when they don’t work out as you planned.

REGISTER A COMPANY

 

What is Workman’s Compensation (COID) and why do you need it?

For the sake of unexpected events not costing you your business, we’re giving you all the important info on Workman’s Compensation and why SA Law requires you to protect yourself and your employees.

Leg and yellow helmet of injured lying worker at work.

 

Imagine this: you’ve employed your first employee. A later, your employee walks up the staircase leading to his office, eyes fixed into his cellphone screen, he trips and ends up with a serious spine injury.

As the injury occurred when your employer was on duty, you’ll probably have to pick up the medical bill, despite it being a little under R100 000.

You probably can’t dish out that kind of money and your employee needs to have the medical attention he deserves, which is exactly why the Department of Labour created Workman’s Compensation.

How does Workman’s Compensation work?

Workman’s Compensation is a type of insurance, instituted by the The Compensation for Occupational Injuries and Diseases Act. It protects employers from dooming civil claims and enables both casual and full-time employees to claim compensation directly from the Fund for work-related injuries and disability.

It even enables the dependents of an employee to claim compensation in the case of a work-related death.

You pay a yearly fee, determined as a percentage of the amount your business spends on salaries, and in turn the fund will help cover all your employees’ medical bills or compensation in the case of death.

However you need to register first. It can take up to months if you sign up via the Labour Department. That’s why using a service provider like Company Partners, is a great idea. Company Partners will assist you in getting registered in under three weeks.

More reasons to sign up for Workman’s Compensation:

  1. It’s the law. The Labour Department requires any employer with one or more employees to register for Workman’s Compensation.
  2. It can save you from bankruptcy. Large, unexpected medical bills can easily sink a small business, as hospital fees or ongoing medical expenses may amount to thousands per year.
  3. It helps with Tender applications. Tender applications usually require a Letter of Good Standing. As the law requires employers to register for Workman’s Compensation, you can only get a Letter of Good standing, if your Workman’s Compensation payments are up to date.

Important info to keep in mind

  • Outdated payments mean no coverage. It’s your responsibility to reregister your company and pay your annual Workman’s Compensation assessment fee. If you don’t the Fund won’t protect you or cover you employees. Company Partners reminds their clients when annual payments are due.
  • You might need more than one registration. Different branches within one company usually require different Workman’s Compensation registrations.
  • There are exceptions. The Compensation Fund won’t cover the following employees, according to the Compensation for Occupational Injuries and Diseases Act:
  • workers totally or partially disabled for less than 3 days;
  • domestic workers;
  • anyone receiving military training;
  • members of the South African National Defense Force, or the South African Police Service;
  • any worker guilty of willful misconduct, unless they are seriously disabled or killed;
  • anyone employed outside the RSA for 12 or more continuous months;
  • workers working mainly outside the RSA and only temporarily employed in the RSA

If you’d like to get your Workman’s Compensation registration in order in record time, click right HERE

You can also opt for the COID Package, which includes a Letter of Good standing, by clicking HERE

You can check out the Labour Department’s basic guide to the Act, by clicking HERE