• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

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Your business is your baby

Feb 26 2013 12:19
A Fin24 user is struggling to run his business while being employed full-time. He writes:

I have a small construction and logistics business; however, I am a full-time employee.

I don’t have enough time to get clients and to register my business on all supporting structures like BBBEE.

How do I make sure that my business grows?

Business development consultant Anton Ressel responds:

A business is like a small child. In the beginning, it needs huge amounts of care, nourishment and support so that in later years, it is able to stand on its own.

Trying to start something while working elsewhere as a full-time employee is really only viable if your own business is one that can run itself or it is annuities-based, like owning some vending machines.

My feeling is that unless you can find a way to really focus on growing the new venture, you should look at:

  • finding someone to manage it for you, or
  • putting the concept on ice until you are able to give it the attention it deserves.

 - Fin24

*Share your experience of setting up your own business and get published, or simply ask a question. Our business panel can put you on the right path.

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