HISA JUNE 2016 low res 07062016

June 2016

Industry Buzz

his path requires a lot of hard

work, dedication and com-

mitment and unfortunately

many end up failing. But for those

businesses that survive, the rewards

of entrepreneurship far outweigh

the challenges on the road to success.

Darlene Menzies, CEO of SMEasy,

offers some business start-up

guidelines.

One of themost important charac-

teristics of successful entrepreneurs

is courage. When it comes to starting

a business some people need the

courage to let go of the security of a

monthly salary and the benefits of

employment, others need the cour-

age to put savings on the line and

for others it is to take the leap even

although family and friends are not

convinced about the venture.

There is never the perfect time to

start your own business but once you

have considered every aspect – plan-

ning and preparation – there is only

one thing left to do. The courage to

go for it!

Registrations

On the practical side, entrepreneurs

need to be aware of the various busi-

ness registrations required in order to

trade. These include registering the

business with the Companies and

Intellectual Property Commission

(CIPC) government department or

visit

www.cipc.co.za

This CIPC registration includes

automatic SARS registration for the

company’s income tax number. Staff

will need to be registered for UIF and

Workman’s Compensation with the

Department of Labour.

These are some of the basic legal

requirements. It is also helpful to

create email addresses and a com-

pany website.

Start-up capital and access

to finance

Funding is amajor challenge formany

entrepreneurs. According to the 2015

Ventureburn Startup Survey, 56% of

startups are self-funded and 11%

borrow money from friends and

family.

If neither of these resources are

available, use a free product such as

finfind to secure finance. It is a unique

product that enables business own-

ers to understand and identify the

best finance solution for their needs

and includes toolswhichwill help you

to check your financial readiness, get

small business advice, learn about

access to finance and find lenders.

For more info visit www.sanews.gov.

za/business/access-funds-small-

business-click-away

Budgeting and cash flow

Well managed cash flow is the life-

blood of the business and is impor-

tant for survival. To ensure that there

are sufficient resources to fund the

business requires a budget, in order

to understand the cash flowneeds. By

committing to a budget the chances

of success are far greater. Choose an

easy-to-use system to help stay on

top of cash flow. SMEasy offers an

online accounting and small busi-

ness management software package

especially developed for start-ups.

Marketing and advertising

This play a huge role in ensuring

the success of start-up businesses.

Marketing, even if it is simply word

of mouth advertising, is crucial to

attract new business. Defining the

brand (the services that are being

offered) and also understanding the

target market are very important.

“Starting a new business is an

exciting journey and as with any

journey, there are often unexpected

challenges to overcome. Give com-

prehensive consideration to these

five critical factors,” says Menzies, “to

help you to plan for success and avoid

failure. Success is where preparation

meets opportunity.”

■

Start-ups

E v e r y y ea r, hund r ed s o f

thousands of South Africans take

a leap of faith and start their own

business.

Darlene Menzies

he 350 mm floor grinder can

be used to grind floors level, to

prepare a floor for specialised

coatings as well as for the removal of

coatings or for surface renewal.

The machine boasts a number of

great benefits and features. “It offers

a larger grinding circumference than

that of standard 250 mm single head

grinders. However the unique benefit

of themachine is that the total weight

of themotor is exerted onto the head

of the machine which offers better

grinding pressure. Along with this, it

is manufactured with what is known

as a floating head. The floating head

follows the profile of the floor and

gives a significantly flatter, and better

grind,” explains Clark.

The machine is used in conjunc-

tion with the Diamond Products

350 mm universal adaptor plate.

The adaptor plate works on a mag-

netic system that allows for the Qwik

change grinding wings/shoes to be

interchangeable, which opens up the

versatility of themachine. Clark notes

that there are five stages of diamond

grinding in the form of the diamond

wings/shoes, ranging from a 16/20

grit to a 250 grit. Diamond Product

also offers this range in different

diamond bonds for different types

of surfaces.

The floor grinder is fitted with a

powerful 2,2 kW single phase motor

and can be used wet or dry. The dust

shroud system is a unique design

automatically adjusting to suit seg-

mented height and floor angles. The

shroud system can be connected to

a Diamond Products Dust Collector

to eliminate dust while grinding. The

350 mm grinder has been designed

and manufactured with a folding

handle and weighs approximately

67 kgswhich is ideal for easymanoeu-

vrability and logistical planning.

“The Single Head Floor grinders

are designed for dependability and

offer ease of use,” concludes Clark.

■

Diamond Products Director,

Brian Clark, notes that the new

Diamond Products 350mm floor

grinder has been designed for

small to medium horizontal

surface grinding.

Single head

floor grinder