Issue Date: 
Monday, June 9, 2014

Expanding your business

By Werner van Rooyen

www.how2tender.com

9 June 2014

So you have started your business and you have survived the crucial first two years. Everything is going well in your business, you can finally afford to take a holiday and you do not have to work day and night to make ends mead.

But, your profits start to stagnate, so how do you increase your profits? One sure way to increase your bottom line is to cut back on expenses. But what if you have already cut your expenses to the bone? Where do get that extra income? The answer is easy - expand your business.

There are many ways that you can expand your business. For example you can diversify your products or you can open another branch. Or, even better, you can go into the world of bidding for tenders.

Tenders or rather the winning of tenders, is a guaranteed method to expand your business. Government is the largest procurer of goods and services in South Africa. By Government I mean all governmental departments, municipalities, state owned companies and parastatals such as Eskom and Telkom. All of these entities must procure goods and services and most of the goods and services that they procure are through a tender process. This means that everyday there are a vast number of tenders available from which business owners can pick and choose.

If you are unsure how the tender processes work, please visit our website at www.how2tender.com to find out exactly how to complete a tender response.

Please visit our website at www.how2tender.com to find out more about our Tender Workshops or purchase our Tender Manual: A practical guide on how to tender.

Until the next time - happy tendering.

Brand new Preferential Procurement Regulations 2017 for Tenders

The brand new Preferential Procurement Regulations 2017, has been finalized and was gazetted on 20 January 2017. There are some interesting changes and challenges that we will discuss during the coming months. This is the official media release from National Treasury:

The regulations were initially promulgated in 2001 and revised in 2011 thus making this the second revision since the initial promulgation.

The revision of the Preferential Procurement Regulations of 2011 was largely influenced by the need... Read More

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