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SMEs - entrepreneurs sourcing start up finance

SMEs - entrepreneurs sourcing start up finance

Entrepreneurs in South Africa need to look at start up finance more carefully.

There appears to be a thinking that government or banks must fund your start up business. Why? It never happened that way before!

If you had no assets such as a house to hock to the bank in return for start up capital, you either sold other assets such as motorbikes, second cars or whatever, to raise the cash, dipped into your savings, borrowed against insurance policies, or borrowed from friends or family. I remember in the early days starting a business after selling my computer to raise R5000 start up capital.

True entrepreneurs do not whine about banks and government refusing to lend them money, they get out there and find it. Are you a true entrepreneur?

Rob Smorfitt





SMEs entrepreneurs sourcing start up finance - To learn more about this author, visit Dr. Rob Smorfitt's Website.

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Dr. Rob Smorfitt
(Visit Dr. Rob's Website) Have an MBA and a PhD in entrepreneurship. Three key areas of ongoing research are entrepreneurship and innovation in large businesses, the impact of legislation on SMEs and SME finance. Run my own SME blog at http://sme-smb-smme.blogspot.com as well as an entrepreneurship and innovation for large businesses blog at http://innoveur.blogspot.com I have been self-employed since 1982. I have started or purchased in excess of 40 businesses since then. Most were sold again and a few were shut down because of a lack of profitability. Many were run by staff or family while I worked in full time employment in my bigger businesses. 6 books written in Entrepreneurship and Project Management educational field. Written articles for various magazines, newspapers and websites. Married with 3 children (22, 21 and 14).

Dr. Rob Smorfitt is a Platinum author on EvanCarmichael.com
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