When it comes to making money in a small town in South Africa people often face difficulties. On the one hand, it’s not that easy to find a job and get hired. The wages are too low in small towns. This is why a lot of people would be happy to become entrepreneurs, but they don’t know how to get started. Why not start a business consulting agency and help township entrepreneurs start their own business?
Skills and Tools needed
You yourself have to be an experienced entrepreneur. You have to know in detail what a business system is, how it works in South Africa, what typical difficulties people are facing. In theory, you should be able to start any business. Business consulting is not about inspiring and motivating, it’s about solving real-life problems.
Here are some possible questions your clients will be asking you in a first turn:
- How to start a business in South Africa (general questions)
- How much money do I need to start my own business?
- How does the tax work in South Africa?
- How much money do you have to make before you have to pay taxes?
Not only should you be a well-informed person, in other words some might scoff at the idea of small businesses needing tax advice on a micro level but to get started in some businesses they are going to need tax clearance. You should also have a place where you will meet your clients. It must be a neat office space. You should look like a successful person. If you have some diplomas or praiseworthy letters, place them on the wall.
A business consulting agent can charge R2000 – R10000 per client per month for consulting services. You can charge an hourly or on a monthly fee. Not only will you be a consultant, but on this level you will have mentorship responsibilities as well.
If your business grows and you establish yourself as an authority by helping ordinary people become successful entrepreneurs, they will hire you as a motivational speaker and you your income will grow dramatically.