N4 Entrepreneurship & Business Management


The department of Trade and Industry The department of Trade and Industry in Pretoria established the Registrars Companies. This is in accordance with the Companies’ Act. The Registrar will consider all applications, and if your application adheres to the guidelines mentioned earlier, your business would be registered.


An attorney will have to assist you if you would like to register a Private Company. Visit www.cipc.gov.za for more information


3. Own involvement


Starting your business implies that you own the business and with that comes the responsibility to make a success of it. The responsibility includes: • Managing people in your business • Dealing with your business environment in a socially responsible way • Making a profit


The management responsibilities of you as the business owner are: Planning


Organising Leading


Controlling


Compiling a business plan is part of this Giving people tasks in the business Providing direction to the business


Making sure plans are implemented and corrective action is taken. 4. Personnel and their responsibilities


Human resources are the most important resources in a small business. It’s the workers who determine how well everything in your business is being done. Managing the people in your business well is very important while recruiting the right type of people is just as important.


Responsibilities towards workers include: • Creating a pleasant working environment • Adhering to labour legislation • Motivating your employees • Investing in their potential by training them • Paying them a fair salary • Being fair when it comes to disciplinary measures


When employing a worker, draw up a written agreement between you (your business), and your employee. The law is very prescriptive as far as service conditions are concerned. The Basic Conditions of Employment Act (BCEA) and the Labour Relations Act are legislation that regulates service conditions. Aspects such as working hours, leave, sick leave, dispute resolution procedures, disciplinary codes and strike actions are but a few aspects that are dealt with. Consulting these documents and implementing the conditions will protect you from industrial action.


Use a job description in your business to clarify what the worker must do. A job description is an organised factual statement of duties and responsibilities for a specific job. It should set out what is to be done, how it is done and why. The purpose of a job description as a legal document


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