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How to submit QPDs with Nil returns

So you were excited about starting a business, you've registered your company but are yet to start trading. QPDs are due and you know you have to submit your returns but haven't started making money. You have two options, one is to get a consultant to do it for you. The other is to do it yourself. Quite scary, intimidating or whatever word you choose to call it, but I’m hoping your outlook will have drastically changed by the end of this article. You can choose to go with a consultant, which is recommended when you are making significant income, but you can also simply do it yourself at no cost and I will show you exactly how.  What are QPDs? QPDs stands for Quarterly Payment Dates. These are estimates of your taxes on projected annual profits that are paid in quarterly instalments. So when the year begins, you make forecasts of how much your business will make in that year, and then break down the total estimated tax into smaller tax units that you will be paying every quarter

Startup mistakes and reasons why most businesses fail

According to   statistics , about 56% of start-ups survive beyond their 4th year. Only a handful make it past the 10 year mark. If you have ever tried to start a business , then I am sure you agree that it's not a walk in the park.  Whilst the world of business might seem highly competitive and fairly hostile, some of this failure can be attributed to the start-ups themselves.  There are numerous factors that result in business failure but the common ones are: Product does not satisfy customer needs This often results from a failure by the founders of small businesses to carry out thorough research. Many small business owners do not actively go out to find out what their customers really need . I've been there a couple of times: caught up in my own hype. Just because an idea sounds great to you, does not always make it worth pursuing. Talk to real people and find out if they would be willing to pray for your innovation. Extensive market Research might seem costly and unnecessar

What business records should i keep

Poor record keeping has kept many-a-small business from acquiring funding and other opportunities. Your word that business is doing great, stands no chance when it is not backed up by actual numbers. In most cases, because they are a one man show, many small business owners do not feel the need to keep proper records. At best, many simply keep track of the cash.... and that's about it. This article will answer the question- what business records should I keep? Most of us dream of starting and running our own businesses . Many however are thrust into the world of business without a clue what to do and how to do it. I hope this will shed some more light and help you identify the necessary records for your business to keep. The failure to keep a decent set of records could badly damage any business. We therefore need to understand the costs of not keeping business records. THE COSTS OF NOT KEEPING BUSINESS RECORDS Not keeping decent business records disadvantages your business in the

The ultimate sales guide for beginners

  Introduction Sales have often been described as the engine of any business. That is because the ability to sell is a great determinant towards the success of any business. Sales bring in the money and if they outweigh your costs, then it translates into profit. A lot of businesses struggle to make sales and they eventually find themselves out of business. This article will provide a simplified guide to help a beginner prepare and eventually close a sale and actually keep a customer by maintaining a relationship with them. Preparation • Research Start by doing thorough research. One of the most effective ways of learning about the market is by talking to potential customers . Your research should cover the following aspects: I.) Product First understand all aspects of your product. Its flaws, short comings and every other detail that there is to know. The best way to really know your product is by using it yourself. This will help you to answer a lot of key questions that your custome

So you cheated and got caught... but you still love him

Forever is a very long time... and a lot could happen in 'forever'. When I was younger, I used to boast about being a 'good' one woman man. I could have sworn I would stay that way forever. As I grew older, I found myself in situations where Jesus would have looked away in shame as I made a mockery of love and its aesthetics.  I had also vowed that cheating was a deal breaker for me. I truly believed that a cheating woman was beyond redemption and I would not tolerate it. I had even broken relationships with a number of women simply because they had looked at another guy the wrong way. Yup! I was that petty. An unfortunate incident however, had me questioning my truth and despite the immensity of emotional pain I had to endure, it helped put a lot of things into perspective. I am older now, and I believe we are all merely "a bunch of lost souls" trying to find our paths in life. So even though we will be on course most of the time, we are also bound to lose ou

How to connect your Sketchware app to firebase

 This tutorial will cover how to add your: • Project ID • Web API • App ID • Firebase storage bucket to your Sketchware project. Firebase will allow you to add authentication, database and online storage capabilities to your app. You will need to start by creating a Firebase Project (Note that this is not the same as a Sketchware project). Check out this article for a detailed guide on how to create a firebase . On your Sketchware project screen, navigate to the top right corner of your screen. Click the menu item(the three dots) as shown below. The configuration menu will be opened. Click 'Library'. In the Library Manager section, click the Firebase option as shown below. On the Firebase Project settings, add the ' Project ID ', ' App ID ' and the ' API Key '. If you are not sure where to get these, then check out this article . If you already have another Sketchware app which is using firebase, you can import the firebase details for that project by c

How to create a social media app using your mobile phone

Ever wondered if you could build your own social media app? Well it's possible and it's a lot easier than you think. You could actually create a social media app using your phone. Yes, you heard that right. You can create a social media app using your android phone.(I'm sorry Apple users) In this tutorial series I will show you how to create a your own social media app using Sketchware. Sketchware is an android app that creates other apps. You can download Sketchware from Google Playstore . Before we start Program Duration: 5 - 10 days (Estimated) Recommended time per day: 2 hours per day (Recommended) Depending on your accuracy and speed this should take about 5 days if you give yourself 2 hours a day. I'm pretty sure it can be done in about two days but you don't have to rush. How this Sketchware tutorial works The whole topic couldn't be covered in one article so I wrote a series of related articles which can be read individually to build a complete app. Yo