Entrepreneur, Managing Director, GeoTechVision
Finance has been identified in many business surveys as the most important factor determining the survival and growth of small businesses. Despite the importance of small businesses to a country’s economy, entrepreneurs have traditionally had difficulty in obtaining formal credit or equity financing. The reality is that most small businesses pull together funding from several different sources over a period of time. Many entrepreneurs will tell you that access to finance is one of their biggest challenge. Many have found it extremely difficult to obtain funding from traditional banks. For many, there is also no single source of funding that is easier to access.
Whether you are a start-up seeking capital or an operating small business seeking finance to grow, accessing funding may be very difficult. It is however very important that you remain positive: be flexible, be creative, be determined, be deliberate and be vigilant in your efforts. Below
