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It's also advisable to seek advice from with to find out more about its subscription programmes. 9. Tax Consulting Expert for Start-Up Services Image credit: Bigstock Start-up capital required: R100 000 (Approximated) In South Africa, there are various small companies in early stages of advancement. These small companies are needed by law to follow the same tax processes as medium or large organizations, but as small companies, leaders frequently experience the tax registration (and compliance) processes demanding.

As a tax specialist concentrating on assisting start-ups, you could end up being an extension of their company operations and support their monetary and strategic objectives. Why begin this kind of organization? According to This Article Is More In-Depth , there are 5. 6 million small, medium-sized and micro-enterprises (SMMEs) in South Africa. This is the marketplace you will be wanting to service with tax consulting guidance and assistance.

A likeminded entrepreneur who owns a tax consulting company outside of your area may be ready to share their entrepreneurial insights, offered that you don't straight contend with them in their area. What you would require to begin If you're leaving your task as a tax expert at a large business, it's advisable to ensure you have actually enough saved as much as bootstrap the service and carry you through the very first few months as you develop a manageable capital cycle.

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Mobile Hair and Beauty Specialist Company Image credit: Bigstock Start-up capital needed: Around R430 000 () After spending more than a couple of decades living month-to-month and paying rent to salons to do what she liked, Rubie Williams chose to go all in (R430 000) with her cost savings. She bought an utilized motorhome for R84 000 and invested a further R350 000 to suitably convert her vehicle with water centers, an electrical generator, hair-dryers, sinks, shelves and chairs; generally, all that's required to run a hair salon however on wheels.