{"id":128558,"date":"2016-06-29T19:25:07","date_gmt":"2016-06-29T17:25:07","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=128558"},"modified":"2016-06-29T18:11:27","modified_gmt":"2016-06-29T16:11:27","slug":"what-you-need-to-know-about-starting-your-own-company-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/128558\/what-you-need-to-know-about-starting-your-own-company-in-south-africa\/","title":{"rendered":"What you need to know about starting your own company in South Africa"},"content":{"rendered":"<p>A new startup survey, which claims to be the largest of its kind in South Africa, reveals interesting insights into the business environment in the country.<\/p>\n<p>The survey, conducted by Seed Academy, gauged the views of almost 1,500 startup entrepreneurs.<\/p>\n<p>Nearly half of<span lang=\"EN-US\"> the entrepreneurs surveyed said creating a business out of an idea that came to them from the environment in which they live, work and play was their main motivating factor. <\/span><\/p>\n<p>Worryingly, a large portion of the countries entrepreneurs have no employees.<\/p>\n<p>The survey revealed that entrepreneurs are taking long periods to gain traction. It also found that business survival rates are on the increase.<\/p>\n<p>The majority of entrepreneurs reported starting businesses in the Information Technology (22%), Creative (12%), Wholesale and Retail (9%) or Social and Community Services (9%) sectors. Mining and Automotive were amongst the least popular sectors for aspiring entrepreneurs.<\/p>\n<p>Business owners that have been in existence for more than 2.5 years reported having more than 10 years prior work experience.<\/p>\n<p>Seed Academy recommended that entrepreneurs starting a new business may wish to do so in parallel with full time employment.<\/p>\n<p>The company provided an infographic on the state of startups in South Africa:<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/06\/StartupGraphic.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-128560\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/06\/StartupGraphic.jpg\" alt=\"StartupGraphic\" width=\"625\" height=\"8491\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/06\/StartupGraphic.jpg 625w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/06\/StartupGraphic-22x300.jpg 22w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<h3 class=\"my-4\">More on business<\/h3>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/business\/127709\/how-to-start-a-business-with-r1000\/\" target=\"_blank\">How to start a business with R1,000<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/business\/123929\/9-things-you-need-to-know-about-small-businesses-in-south-africa\/\" target=\"_blank\"><strong>9 things you need to know about small businesses in South Africa<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/business\/120661\/where-small-businesses-are-winning-in-south-africa\/\" target=\"_blank\"><strong>Where small businesses are winning in South Africa<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/columns\/117922\/tax-saving-tips-for-small-businesses-in-sa\/\" target=\"_blank\"><strong>Tax saving tips for small businesses in SA<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new startup survey, which claims to be the largest of its kind in South Africa, reveals interesting insights into the business environment in the country.<\/p>\n","protected":false},"author":10,"featured_media":126545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,11517],"class_list":["post-128558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-seed-academy"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/128558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=128558"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/128558\/revisions"}],"predecessor-version":[{"id":128568,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/128558\/revisions\/128568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/126545"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=128558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=128558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=128558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}