n Personal Finance Newsletter - Starting your own business? : your own business

Volume 2006, Issue 309
  • ISSN :



Extracted from text ... LEGEND has it that most small businesses fail - but if you use your smarts, you can be self employed, and over a lifetime, you can amass a large fortune with the right business. Start off by knowing that the odds are stacked against you. Then avoid the pitfalls and you could beat the odds, which are daunting. Since 1994, the number of small businesses in South Africa has grown 10% per annum. Some 10 000 new businesses register every month, but within three years 50% of those businesses are gone, says Gavin Tonks of Enterprise Support SA. Nine ..

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