12 April 2010
Open letter by Graeme Scott – Member of BACH Accountants and Management Consultants CC
SMALL BUSINESSES, REGULATIONS AND BUSINESS REGISTRATIONS
Dear Business Owner or Potential Business Owner,
A business starts with a hope, a dream and an idea. Then the hard work starts.
I STEER a mile clear of politicians and government organisations on principle. They make me laugh when I hear them on the radio, but I won’t lie – the primary reason I don’t read newspapers or magazines is because they report what politicians are saying.
Take Tuesday for example. While politicians took turns to slap Companies and Intellectual Property Registration Office (Cipro) executives around in various parliamentary hearings and press conferences, South African small business owners were fighting for their firms’ lives because of huge registration problems at the organisation.
Johannesburg – It’s an “absolute nightmare” to get new businesses registered at the Companies and Intellectual Property Registration Office (Cipro).
Whereas a year ago a new concern could be registered within a week, the process now easily take six months, says Bruce Wade, the founder of Entrepreneur Incubator, a company helping entrepreneurs to get their businesses off the ground.
The biggest headache is reserving a new name because of the strict rules introduced to prevent name duplication in an effort to combat fraud.
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