Next Month, which is just two days away now!! we launch our SME month where we will provide tips and information relevant to local Micro-, Small and Medium Enterprises in a legalese-free format.

Yesterday we celebrated International Micro-, Small and Medium-sized business Day. The celebrations, themed ‘Big Money for Small Business’ focused on providing those businesses with the tools and resources that they need to grow and expand.

At Titan Chambers, a large part of our practice is dedicated to helping entrepreneurs and their companies/businesses succeed.

Based on observing the clients that we have worked with, here are our top tips* for establishing a successful business:

1. Register your business as a legal entity.

2. Use written contracts/agreements in all business dealings.

3. Inform yourself about all laws and compliance obligations for your specific business type.

4. Review your business plan regularly and adapt as necessary.

5. Keep properly filed and indexed records.

6. Consider and make plans for the legacy of your business.

7. Protect your Intellectual Property.

8. Invest in the services of qualified professionals (Attorneys, Accountants etc.) as suitable.

9. Network, Network, Network.

10. Invest in continuous education and training for yourself and everyone with a key role in your business.

*This post is for general information only and does not constitute legal advice!

Follow us @www.instagram.com/titanchambers for more tips and to get the full experience of the #lightersideoflaw. Also check out https://www.instagram.com/p/BzQ4ahVAU5U/ for tips on successful networking.

#Wesupportentrepreneurs

#Wesupportlocalbusinesses