Below you will find a list of our current newsletters, containing information and answers to all your questions:
1. WHY WHY WHY?
Why do persons find it so difficult to obtain finance for a new business venture and if they are fortunate enough, why do 80% of those businesses fail within two or three months?
There could be various reasons which we will set out below, one of the main reasons being owner commitment and a passion, and understanding of the business in which they want to venture into.
To many people strive to venture into high risk businesses which is “contra” to their current situation, and expertise which then fail, and loose not only the business but their homes, cars etc. which they have put up for security.
To many people think that business does not need attention, commitment and passion, and have the so called “gravy train” perception namely “I can sit back at home or in my current job and the money will roll in.”
They do not “rehearse” their Business Plans to impress the financier of their passion and commitment to the business and then fail to answer relevant questions that a financier may ask.
They do not manage their risks namely their physical, information, human and mostly their financial resources by overspending and not making provision for the lean times and many more reasons all of which we discuss at our seminar.
The bottom line …………. There is no difference between a baby and a business! As parents you plan to have family namely affordability, whether you will take responsibility for such a step that on the arrival of your baby that you can take care of your baby from birth.
The same with a business namely the plan to set up, the responsibility, the funding, the infrastructure, so that you are ready to start operating once the business start off.
Once your baby / business is born who is responsible… YOU ARE!
Who is responsible to look after your baby/ business on a daily basis, with total commitment and total passion………. YOU ARE!
If you do not have this passion and commitment you are more than likely to become a statistic of the 80% failure rate.
Is it worth the risk?
“If you fail to plan, you plan to fail”.