RUNNING A PROFITABLE BUSINESS IN RSA, CONTD.
A corporation exists in order to render service to humanity. Therefore of most basic to understand well when starting a business of this magnitude are as follows;
The environment where the business will operate; The public that will be serviced;
From the two broad issues that are set out above, most, if not all the factors that must be considered before one invests in a multi-million Rand business can be deduced. The list of such issues has been interrogated in detail in this article. Furthermore, a clear advice on how to handle such issues has also been given so as to enlighten any potential investor, more specifically someone who is a foreign national in South Africa. Some of these issues include, but are not limited to inter alia; (in no particular order of importance);
The political climate.
The legal and regulatory environment.
The business environment.
The labor environment.
Finance, more specifically the banking industry. The National Development Plan.
Risk assessment and management, and much more as they will be detailed in the forthcoming features.