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What form of business is best?One of the most important things you need to do is to decide what form of business your SME will be? There are many forms of businesss: from sole proprietorships, to partnerships, to CCs, to PTY LTDs. The most likely form for your small business will either be sole proprietorship or a close corporation. |
MyBiz
DBN, with its partner, Bank Windhoek, developed the MyBiz column to assist new and existing entrepreneurs with guidelines to successfully starting and growing small and medium enterprises and with the personal challenges that they face as budding entrepreneurs. It was designed to be practical, helpful and easy to understand.
The collection of MyBiz columns is available in booklet format from all Development Bank of Namibia and Bank Windhoek branches.- Foreword to MyBiz Booklet
(239kb)
- How to start your own small business
Starting a small business is not easy, and it is not a way to 'get rich quick'. It takes hard, hard work and lots of time.
(58.5 kb)
- What sort of business can you do
Businessmen and women often talk about their 'market'. When you make a business plan, you will also be asked about your 'market'.
(58.8 kb)
- What form of business is best
One of the most important things you need to do is to decide what form of business your SME will be?
(59.7 kb)
- Equipment and premises
Just having a business can make you feel like a success, and this may mean that you want to have the best of everything.
(58.7 kb)
- Finance for SMEs
Most people want to start a business with finance. Having money at the beginning can make life easier.
(60.6 kb)
- The basics of business plans
Often, the biggest barrier to loan finance is the idea that you will have to set up a 'business plan'.
(62.1 kb)
- Managing your business
Many small businesses struggle with management, and some fail due to management problems.
(60.9 kb)
- Organising your earnings
When you receive your first income, you will naturally feel successful.
(60.2 kb)
- Your brand, advertising and selling
Many people believe that all they need is advertising or a 'brand' to do business.
(59.4 kb)
- Growing your business & staff
At a certain point in every business' life, the question of growth arises.
(61.3 kb)
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