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  • 1. HOW TO ASSESS A BUSINESSOPPORTUNITYLEARNING UNIT 5
  • 2. • Identify the main legal factors when assessing an opportunity• Discuss the importance of location, work style, standard of living, personal development and capital requirements of a new business• Evaluate if your idea is feasible• Identify ways in which advantages can be gained when starting an own businessLEARNING UNIT OBJECTIVES
  • 3. LEGAL FACTORS• Structure• Intellectual Property• Tax• Employment• VAT• Other (associations, insurance, licenses and certificates
  • 4. STRUCTURE• Sole proprietorship• Partnership• Close corporation• Company
  • 5. INTELLECTUAL PROPERTY• Trade Marks Act, 1993• Patents Act, 1978• Copyright Act, 1978• Design Act, 1993
  • 6. TAX• If you chose to form a company or close corporation you MUST register with SARS• Submit a tax return annually together with provisional tax returns twice a year• If you conduct business in your personal capacity or in a partnership you have to register as a taxpayer (if you are not already one) and submit details of all income and expenditure to SARS annually in your personal tax return
  • 7. EMPLOYMENT• BASIC CONDITIONS OF EMPLOYMENT ACT- BCEA• REGISTER WITH SARS AS AN EMPLOYER – PAYE• DEDUCT PAYE FROM YOUR STAFF AND SUBMIT TO SARS MONTHLY• REGISTER AS AN EMPLOYER WITH DEPARTMENT OF MANPOWER• SUBMIT A MONTHLY RETURN AND PAYMENT – UIF• REGISTER WITH WORKMAN’S COMPENSATION COMMISSIONER AND PAY A PREMIUM (AGAINST CLAIM FROM EMPLOYEE ARISING FROM ACCIDENT AT WORK)
  • 8. GROUP EXERCISE• GET INTO GROUPS OF 4• COMPILE A LIST OF THE ITEMS THAT YOU BELIEVE ARE COVERED IN THE BCEA• BE SPECIFIC I.E. I WANT YOU TO WRITE DOWN THINGS LIKE HOW MANY HOURS A PERSON IS ALLOWED TO WORK A WEEK, WHAT AGE CAN SOMEONE BE EMPLOYED FROM ETC.• THERE ARE 8 PAGES IN THE SUMMARY OF THE ACT SO YOU NEED TO THINK FAIRLY WIDELY ABOUT THE TYPES OF THINGS YOU THINK ARE INCLUDED!!!!
  • 9. VAT• Only need to register for VAT if your annual turnover exceeds a specific amount• If you are registered for VAT you will need to invoice with a VAT invoice and charge VAT on everything.• You will need to do a 2 monthly (or monthly) return to SARS paying over the VAT due• You will be able to deduct VAT you have paid on purchases for the business
  • 10. Group exercise - VATGet back into your groups of 4Use your laptops or smartphones andfind out what the annual turnover is overwhich you HAVE to register for VAT
  • 11. Other Legal Factors• Associations – not a legal requirement but can be very useful• Insurance – cover issues such as public and employee liability, loss of revenue following fire etc.• Licenses and certificates – things such as business TV licenses, music rights, food preparation, liquor license, smoking legislation etc.
  • 12. LOGISTICAL FACTORS• Location can be one of the most important factors to a business success• Measured on following four factors 1. Type of business 2. Budget for renting or purchasing 3. Business philosophy 4. Marketing niche you are seeking
  • 13. OTHER LOCATION FACTORS• Ease of communication• Availability of labour• Closeness to the population• Cost of renting or purchasing property• Assistance from Government or municipalities in that area• Location of the owners and managers of the business
  • 14. IS BUSINESS FEASIBLE?• Pilot testA preliminary run of a businesssales effort, program or websitewith the goal of assessing how wellthe overall approach works andwhat problems it may have
  • 15. GAINING ADVANTAGE AT START UPCompetitive AdvantageThe particular way a firm implementscustomer benefits that keeps the firmahead of other firms in the industry ormarket
  • 16. GROUP EXERCISEBack into your groups of 41. Revision questions page 88 – Module Manual2. Draw up a contract of employment for a prospective new employee. Make sure it includes all of the legal requirements!3. Use your laptop or smartphone and find out who the BCEA applies to and who is excluded. Are certain people excluded from certain elements of the Act? If yes, identify who and why.
  • 17. Who does BCEA apply to?BCEA applies to everyone exceptNational Defence Force,National Intelligence Agency, orSouth African Secret Service; orunpaid volunteers working for charity.The section of the Act that regulate working hours does not apply to:workers in senior managementsales staff who travel and regulate their own working hoursworkers who work less than 24 hours in a monthworkers who earn more than R115 572 per yearworkers engaged in emergency work are excluded from certain provisions.
  • 18. Main Content Page LayoutThis text is a placeholder.Here is the second level.You may change this textHere is the third levelFormatting is controlledby the slide masterand the layout pages.There is a third levelAnd even a fourth level
  • 19. Animated Content PageEmbedded Video AnimationThe title page and this page contain a video element and are optimized to workwith PowerPoint 2010 and PowerPoint 2007.
  • 20. Animated Content PageAlternate animated content page for PowerPoint 2010 and PowerPoint 2011 (Mac).This page will not work properly in older versions of PowerPoint since full screenvideo backgrounds are not supported.
  • 21. Animated or Static?Change Between Static and AnimatedYou can change between static and animatedlayouts by clicking on the Layout tab in theHOME menu on the ribbon.For example this slide uses thestatic layout.
  • 22. PowerPoint 2010 & 2007*and PowerPoint 2008 & 2011 (Mac)**Troubleshooting GuideUse this template in either PowerPoint *PowerPoint 2007 **PowerPoint 2008 and 2011.2007 or 2010 for the PC or PowerPoint2008 or 2011 for Mac. If the video is not playing with If the video animation is not PowerPoint 2007 you are playing on a Mac computer youPresentations saved from this missing a required update are missing a required plug-intemplate in .PPTX format will work in from Microsoft. for QuickTime.PowerPoint 2007, 2008(Mac), 2010,2011(Mac). The Office 2007 Service Pack 2 Flip4Mac is a WMV video plug-in installs automatically with Windows for Quicktime. It is a free plug-inPresentations saved in the older .PPT Update. distributed by Microsoft.format (compatibility mode) will workin all versions of PowerPoint ‘97 You can also download the update Get the Plug-in here.through 2011. But .PPT files will no manually from Microsoft here.longer contain the video animation.
  • 23. Useful Clipart and Images
  • 24. Bulleted Content Page• This Layout Page has bullets • And Indented Levels • Level 3 Text Placeholder • Level 4 Place Holder • Level 5 Place Holder
  • 25. Agenda or Summary Layout Discussion Item One – Phase 1 Phase 1 A Placeholder for text Discussion Item Two – Phase 2 Phase 2 A Placeholder for text Discussion Item Three – Phase 3 Phase 3 A Placeholder for text Discussion Item Four – Phase 4 Phase 4 A Placeholder for text
  • 26. Main Content Page LayoutThis text is a placeholder.Here is the second level.You may change this textHere is the third levelFormatting is controlledby the slide masterand the layout pages.There is a third levelAnd even a fourth level
  • 27. Two Picture Page Layout A placeholder for text for the first picture More information can be added here by changing this text. A placeholder for the second picture More information can be added here by changing this text. Make changes to this text.
  • 28. Three Picture Page LayoutA description of the A description of the A description of thefirst picture. You may second picture. You third picture. You maychange this text. may change this text. change this text.A description of the A description of the A description of thefirst picture. You may second picture. You third picture. You maychange this text. may change this text. change this text.
  • 29. Table Page Layout Geographic Region Q1 Q2 Q3 Q4Here is the description ofthe table. You maychange or delete this text United States 1254 1873 1015 2284as you wish. Europe and Asia 324 310 300 419This chart is compatible Australia 15 18 13 20with PowerPoint 97 to Canada 6 3 4 72007. Mexico 1 .5 .5 2Here is a placeholder formore text and description TOTALS 1600 2205 1333 2732of the chart. Changingthis text will not interferewith the formatting ofthis template.
  • 30. Comparison Table Layout Quarter North America Asia Europe Australia Quarter North America Asia Europe Australia Q1 2009 123 34 45 10 Q1 2009 123 34 45 10 Q2 2009 134 35 44 12 Q2 2009 134 35 44 12 Q3 2009 150 45 50 14 Q3 2009 150 45 50 14 Q4 2009 201 55 60 18 Q4 2009 201 55 60 18 Q1 2010 175 44 47 13 Q1 2010 175 44 47 13 Q2 2010 180 48 52 14 Q2 2010 180 48 52 Q3 2010 204 55 60 16 Q3 2010 204 55 60 Q4 2010 250 62 70 20 Q4 2010 250 62 70Here is the description of the table. You may change or delete this text asyou wish. This table is compatible with PowerPoint 97 to 2007.
  • 31. Bar Graph PageLayout Chart TitleHere is the description ofthe chart. You may Series 1 Series 2 Series 3change or delete this textas you wish. 5 4.3 4.4 4.5This chart is compatiblewith PowerPoint 97 to 3.52007. 3 2.8 2.4 2.5Here is a placeholder for 2 2 1.8more text and descriptionof the chart. Changingthis text will not interferewith the formatting ofthis template.
  • 32. Pie Graph PageLayout Chart TitleHere is the description of 4th Qtrthe chart. You may 9%change or delete this text 3rd Qtras you wish. 10%This chart is compatiblewith PowerPoint 97 to 1st Qtr2007. 58% 2nd Qtr 23%Here is a placeholder formore text and descriptionof the chart. Changingthis text will not interferewith the formatting ofthis template.
  • 33. Bar Graph PageLayout Chart TitleHere is the description of Series 1 Series 2 Series 3the chart. You maychange or delete this textas you wish. 6This chart utilizes 4features only availablewith 2007. 2Here is a placeholder for 0more text and descriptionof the chart. Changing Category 1 Category 2this text will not interfere Category 3 Category 4with the formatting ofthis template.
  • 34. Pie Graph PageLayout Chart TitleHere is the description ofthe chart. You maychange or delete this text 58%as you wish.This chart utilizesfeatures only availablewith 2007. 23%Here is a placeholder formore text and description 9% 10%of the chart. Changingthis text will not interferewith the formatting ofthis template. 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
  • 35. Smart Art PageLayoutThis chart utilizes Smart Artwhich is feature in Stage 1 Stage 3PowerPoint 2007. If you wishto make charts like this anddon’t have PPT 2007, wehave provided the graphicalelements to help you buildthis yourself. Stage 2 Stage 4Here is the description of thechart. You may change ordelete this text as you wish.Here is a placeholder formore text and description ofthe chart. Changing this textwill not interfere with the Stage 5 Stage 6formatting of this template.
  • 36. Smart Art PageLayout Area 1This chart utilizes Smart Artwhich is feature inPowerPoint 2007. If you wishto make charts like this and Area 6 Area 2don’t have PPT 2007, wehave provided the graphicalelements to help you buildthis yourself.Here is the description of thechart. You may change ordelete this text as you wish. Area 5 Area 3Here is a placeholder formore text and description ofthe chart. Changing this textwill not interfere with the Area 4formatting of this template.
  • 37. Smart Art PageLayoutThis chart utilizes Smart Process 1Art which is feature in A placeholder for text for more informationPowerPoint 2007. If youwish to make charts likethis and don’t have PPT2007, we have provided Process 2 A placeholder for textthe graphical elements to for more informationhelp you build thisyourself. Process 3Here is the description of A placeholder for textthe chart. You may for more informationchange or delete this textas you wish.
  • 38. Picture Page LayoutHere is a place holder for the picture caption. You may delete this text.
  • 39. Questions?More Information?PresenterMedia.comsupport@presentermedia.com4416 S. Technology DrSioux Falls, SD 57106