Finweek English Edition - - BUSINESS -

The lim­ited re­sources of an en­tre­pre­neur need to be fo­cused on the busi­ness devel­op­ment process. The plethora of red tape costs a small busi­ness sig­nif­i­cantly more than a big busi­ness and this cost in­creases the risk of fail­ure dra­mat­i­cally. We call for a re­duc­tion in the red tape through the es­tab­lish­ment of a sin­gle point of web-based ac­cess with form-f ill ca­pa­bil­ity to en­able the en­try of in­for­ma­tion once for all com­pli­ance doc­u­ments re­lated to do­ing busi­ness within spec­i­fied sec­tors as well tax and labour com­pli­ance. This should be sup­ported by elec­tronic sub­mis­sions and track­ing re­ports.

While chal­lenges present them­selves in all pol­icy di­rec­tives, bold moves are needed in an econ­omy that un­der­per­forms t he re­quired growth r ates a pros­per­ous South Africa de­mands. No chal­lenge is in­sur­mount­able in the face of bold lead­er­ship.

Pavlo Phi­tidis is CEO of Aurik Busi­ness Ac­cel­er­a­tor (www.aurik.co.za), an or­gan­i­sa­tion that works with busi­ness own­ers to grow their busi­nesses into as­sets of value and a di­rec­tor of Aurik En­ter­prise Devel­op­ment.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.