|
The life of a small business entrepreneur seeking finance is one of pitching ideas and start-ups, or sometimes existing enterprises, to those who have money and are looking to invest it.
Knowing how to convince investors to come on board could be a matter of business survival and you can never forget that what you are hoping to achieve from a presentation to a potential investor is a partnership in which both you and the investor make money. Forgetting this can lead to you leaving critical information off your pitch deck and therefore not getting what you need.
Here are five very common mistakes even an experienced entrepreneur can make when trying to attract investment.
|
|
|
|
Looking back at the 2008 global economic crisis and the recent corporate failures, Steinhoff in particular, one may be tempted to ask: “Why didn’t boards and their advisory committees (audit committees in particular) not see what was coming?”
There has, undoubtedly, been a significant loss of confidence and trust in top management. Some of this is, of course, to do with competence but in reality it has mostly focused on the quality of top management and a crucial component is ethics and integrity and an appropriate degree of scepticism on the part of non-executive directors.
Governance is not a static theory; it is an ever-evolving process...
|
|
|
|
The importance of the SMME (Small, Medium and Micro Enterprise) sector in South Africa cannot be overstated. As a result, the challenges affecting the performance of these SMMEs have been deeply interrogated with the aim of removing these proverbial “thorns from their flesh”.
The lack of education and training among small business managers and directors is seen as one of the most significant barriers to entrepreneurial activity, according to research on the local SMMEs landscape.
Let’s dig a bit deeper…
|
|