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Complying with the Basic Conditions of Employment Act in South Africa
Home » Uncategorized  »  Complying with the Basic Conditions of Employment Act in South Africa
The Basic Conditions of Employment Act sets the minimum standards for employment. Learn about its key provisions and how to ensure compliance in your business. Keywords: Basic Conditions of Employment Act South Africa, minimum standards, compliance, employment.
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June 21, 2024
Uncategorized

Pros and Cons of a Startup

If you’re thinking of starting your own business, based on your idea for a needed product or service, there are a few things you need to know before you dive into the pool.

The Pros

  • You own the idea
  • You’re the Creative Director
  • You retain all of the equity
  • You can run your business as you please
  • You keep 100% of the profits

The Cons

  • Your total upfront investment is unpredictable
  • You don’t have a clue as to when you’ll break-even
  • You can’t get a good handle on your expenses at first
  • Your risk is big, because you don’t know if your idea will work
  • You’ll be under tremendous pressure to make your business profitable
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