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It's also a good idea to seek advice from to find out more about its membership programs. 9. Tax Consulting Professional for Start-Up Businesses Image credit: Bigstock Start-up capital needed: R100 000 (Approximated) In South Africa, there are numerous small companies in early stages of advancement. These small companies are required by law to follow the exact same tax procedures as medium or big businesses, however as small companies, leaders frequently experience the tax registration (and compliance) processes demanding.

As a tax consultant focusing on helping start-ups, you could become an extension of their company operations and support their financial and strategic objectives. Why start  Click Here For Additional Info  of service? According to Engineering News, there are 5. 6 million little, medium-sized and micro-enterprises (SMMEs) in South Africa. This is the market you will be wanting to service with tax consulting advice and assistance.

A likeminded entrepreneur who owns a tax consulting company beyond your area may be willing to share their entrepreneurial insights, considered that you don't directly contend with them in their area. What you would require to get going If you're leaving your job as a tax professional at a large business, it's recommended to ensure you have enough saved as much as bootstrap business and carry you through the first couple of months as you establish a manageable cash circulation cycle.

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Mobile Hair and Charm Expert Organization Image credit: Bigstock Start-up capital needed: Around R430 000 () After spending more than a couple of years living month-to-month and paying lease to beauty salons to do what she loved, Rubie Williams chose to go all in (R430 000) with her savings. She bought a used motorhome for R84 000 and invested a more R350 000 to suitably transform her car with water centers, an electrical generator, hair-dryers, sinks, shelves and chairs; essentially, all that's required to run a hair salon but on wheels.