Planning on starting your own business? Once you have decided on a product or service, you need to consider what type of business you want to operate. Each business model has its own specific requirements and operational identity. Sole Proprietor/Trader The Sole Proprietor/Trader is the most basic form of business and consists of one owner. The only requirement is meeting basic tax and legal paperwork. Because the owner is the sole member of the company, all liability and possible legal action falls to him/her and personal assets, should the business accumulate unpaid debts. Once the owner passes away, the business ceases…
Author: Career Planet
The Ikigai concept of life fulfillment While there is no direct English translation, ikigai is thought to combine the Japanese words ikiru, meaning “to live”, and kai, meaning “the realization of what one hopes for”. Together these definitions create the concept of “a reason to live” or the idea of having a purpose in life. To find this reason or purpose, experts recommend starting with four questions: What do you love? What are you good at? What does the world need from you? What can you get paid for? “Essentially, ikigai is the reason why you get up in the…
You have truly entered the adult world once you start working full time. This path brings its own responsibilities. You’ll have to make mature, adult decisions to go along with it. These decisions will affect you for the rest of your life, so think carefully and plan well. Your future will depend on it! For a richer, brighter, happier future – start saving! Where do I start? Now! Start with your very first pay cheque or your very next pay cheque. The temptation to rush out and spend every single cent of your salary is very real, but, if you…
Think about what you’re good at and what you like to do: It’s often useful to look inside yourself to figure out what you like and dislike, and where your talents lie. It’s one thing to come up with a winning business idea. It’s another to come up with one that fits your skills set and interests you. Your business has to keep you excited so you can thrive over the long haul. One of the best ways to do this is to make three separate lists: List 1: What you’re good at Everyone is good at something and many skills…
Character traits of entrepreneurs: Observant – actively looks for business opportunities around them Flexible – things often don’t go according to plan Confident – believe in themselves and their product Creative thinker and problem solver Risk taker – willing to take calculated risks Takes responsibility – for their words and actions Resilient – the ability to start again after a failure Hard worker – sometimes without financial reward in the beginning Optimistic – and does not allow themselves to get discouraged by others DOES NOT GIVE UP!
Entrepreneurs are people who start their own businesses. Entrepreneurship is not for everyone. The decision to become an Entrepreneur is a specific career path choice. Entrepreneurs think out-the-box and will take a risk when it comes to starting a business. An Entrepreneur is a very observant person who will constantly be looking for a gap or a need in the market and then try to fill it. An entrepreneur is someone who: 1. Is observant and actively looks for business opportunities around them. 2. Thinks creatively,and is a problem solver. 3. Is willing to take business risks. 4. Is willing…
Artisans are qualified and highly skilled people who work mostly with their hands. Gone are the days when you needed a university degree to enjoy a successful career. Trades and artisan careers are in high demand and artisans are earning big salaries! Artisans include artists, performers, technicians, builders and much more. In today’s world, it is no longer unusual to find women entering artisan fields such as welding, boiler making, building, carpentry and more. Artisans are necessary for economic growth in South Africa and around the world. South Africa needs more trained artisans to successfully implement strategic infrastructure projects including…