A Start Up all SME’s can learn from

Jun 15, 2017 Blog  SME , Start Up

sme-start-up

 

It is going to be very difficult to get any sort of funding for your SME if you are not keeping a good set of financials or have a proper reporting structure. This is advice that comes from Karl Westvig, CEO of Retail Capital. They have advanced over R 1 billion of working capital to small businesses.

However, Retail Capital also had to start somewhere and they implemented some strategies:

  1. The first funding call was to friends and family
  2. They developed an impeccable track record
  3. They created a strong management team

 

In order to read up on the whole article, you can do so here.

 

Image: Martin Louis via Flickr (CC 2.0, resized)

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