One of the hardest decisions is choosing if, and when, to close or downsize. It is the unthinkable. For many it means letting go of a dream or having to retrench loyal staff members. Knowing when to stop the bleeding is never easy, but usually the sooner the better.

It is understandable to feel overwhelmed or even paralysed, but there are legal, human resources (HR), and tax implications when closing a business. You do not want to make a bad situation worse by failing to comply. Whether you need to issue section 189 retrenchment letters or deregister with the Companies and Intellectual Property Commission (CIPC), we will guide you.

Many entrepreneurs have failed, several times, but they have gone on and started afresh.

Reasons to Gear Down:

• Structured guides and templates help you and your staff.

• Online resources are a click away.

• Experts lead and you participate in interactive chats.

• You get access to a second gear as a way forward.

What this bootcamp covers:

• Getting to grips with your current business reality.

• Doing the numbers.

• Mental wellbeing for you and your employees.

• Legal, accounting, South African Revenue Service (SARS) and HR compliance.

• What now? Exploring possibilities.

Who will benefit?

• I need to reduce my business operations.

• I need to let go some of my employees.

• I need to deregister my business.

• I am closing my business.

Are you ready to Gear Down?

Download the handbook to get started...

SimplyBiz® chats

SimplyBiz® chats are informal presentations and discussions which provide you with an opportunity to interact with the experts and other businesses.

Click here to view lineup for 3 - 11 August 2020

	FINANCE & FUNDING Quick wins to cut costs and stay afloat. Adv. THAYN NIEMAND CFP® Financial Planner VIEW DATES & TIMES
	PEOPLE MANAGEMENT How do I stay positive when things are bleak? JENNY McNULTY Executive Coaching and Leadership Consulting  VIEW DATES & TIMES
	SALES & MARKETING I’m closing, what should I say to my customers? ALTHEA FORDYCE Healthcare and Marketing Consultant VIEW DATES & TIMES
	OPERATIONS & ADMIN I'm closing, should I deregister? OFENTSE SHAKUNG Communications officer of the Commissioner  VIEW DATES & TIMES
	OPERATIONS & ADMIN I need to retrench. How do I do this? LEIGH ALLARDYCE Labour Attorney JANET ASKEW Serial entrepreneur, HR Consultant, Trainer, Facilitator and Coach VIEW DATES & TIMES