A Start Up all SME’s can learn fromJun 15, 2017 Blog 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:
- The first funding call was to friends and family
- They developed an impeccable track record
- They created a strong management team
In order to read up on the whole article, you can do so here.