South African entrepreneurs seem to be in agreement that businesses in South Africa are faced with a maze of red tape cramping their business style, and making it very hard to safely negotiate all the potential transgressions they may unwittingly be committing: BEE compliance, Corporate compliance, submitting annual returns, statutory due diligence reviews, knowing about and understanding all legislation applicable to the company – to mention but a few.
Even if the entrepreneur has a sound knowledge of all the requirements and restrictions, the key question remains whether there will be ample time available to take care of the core business and run a profitable business after addressing all the repetitive red tape?
Would it not make a world of positive difference if all the non-core but very important aspects of the business could be taken care of – professionally – leaving the entrepreneur to do what he or she is primarily in business for: to run a successful business?
How and by whom? Is it at all possible, or just an idle dream?