Why do so many small businesses fail in South Africa?

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Category: Legal - PocketAdvisor

Prior to 2020, around 68% of small businesses failed in the first 5 years. Since 2020, the statistic has increased to around 75% in the first 12 months. Main reasons are: lack of access to funding and markets. The access issue is only a symptom of the fact that most of these businesses are not legally compliant.

That is why PocketAdvisor was created – an alternative online legal solution which allows small businesses to enhance their legal knowledge and become legally compliant without needing to spend R100 000 or more with a law firm.

Contact enquiries@schoemanlaw.co.za

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We offer simple and effective online marketing services for trading ventures by means of blogs, videos, podcasts and frequently asked questions.

Attract new customers and investors by having your unique business blogs promoted on Traders Den.

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We promote business blog content from business people in their fields of trade – the self employed professional – start up company – small to medium sized business owner – already-successful company – the trader of goods, services, macro economics and financial instruments.

We promote your industry knowledge through your unique blogs, video, podcasts and answers to industry questions, from you the expert in your field of trade.