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17 Money

Built to Last or Built to Exit?

“I’ve registered a company with the CIPC and a consultant helped me draw up a business plan.  Can you help me with funding?”  This question was asked by a wannabe business-owner at FundEx who didn’t know how much she needed or even what she needed it for. Small business owners were invited to FundEx to …

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Running on Empty – do you need funding?

Their email opens with the standard knee-jerk response: “It sounds interesting.  I must state upfront though that we are unable to provide any funding for this project...” That’s understandable.  South Africa is the only country In the world currently in a recession.  Our GDP growth rate was actually negative in the first quarter of the …

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What investors want to hear

I met Justin Stanford at a SAVCA (venture capital and private equity association) event in Cape Town.  Everyone else was dressed smartly as befits big money.  Justin wore fashionably torn jeans.  And he was the guest speaker. But how did Justin come to be so respected in the rarefied atmosphere of high finance?  He is …

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Choosing an SMME-friendly bank

A BankSETA brochure states that “Some researchers have estimated the total economic output of SMEs in South Africa to be 50% of GDP and it is also estimated that they provide employment to about 60% of the labour force.

That’s NOT your money

That money in your company’s bank account: Its not yours!  Get used to it.  You may own the business, but you can’t touch its money.

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