How to build a compelling financial model for the South African market

Entrepreneurs are growing in numbers and will continue growing in this current economy but without access to appropriate funding, many start-ups will find it difficult to grow their businesses. Regardless of whether the man or woman at the helm is passionate, hard-working, or worthy of funding, increasing market risks make it hard to convince financiers. Therefore, starting or growing a business is always a challenging objective. What makes this more challenging are the infinite barriers to accessing funding for your innovative idea and growing competition for these funding sources. Fortunately, access to funds for South African entrepreneurs is improving thanks to government and private enterprises.

The South African government has entire departments created to assist Small businesses not only access funding but also win at their business. The big challenge is not that there is a need for efficiency on the parts of departments but also that entrepreneurs are not prepared for what these departments offer. Many cannot make a convincing case for their businesses.

There is a large difference between a heartfelt and driven-by-passion business plan and a bankable (fundable) business plan that a financier can fund. Therefore, positioning your business plan for funding is critical for SMEs at the planning stage. No one will fund you based on a simple concept document or the passion you have for your unique industry. Investors want to know that they can trust you with their money, they want to know how you plan on bringing back their money and how quickly. And if we’re looking into government funding we should be well aware that some profit made from business ventures ought to flow back into the economy.

Helping small businesses manage common financing hurdles will take much more than convincing investors that their concept is great. Business owners need to first establish a realistic budget for company operations and sales. Poorly planned or executed proposals or a lack of adequate marketing and publicity are among the greatest issues that drag down small businesses. The good news is, no start-up ought to worry themselves over tedious market research, campaigns, and strategic planning. There are trained professionals who can consult for, critique, and even validate your organizational plan. These services extend from helping you prepare viable and fundable business plan/proposals to preparing pitch decks in every industry.

I know that small businesses are going through a lot, from perfecting their craft, putting together a team of like-minded people, to bootstrapping their business, and the pain of having to convince some investors to fund your passion on their own terms? There is nothing more disheartening than someone looking from afar and judging your craft. That is why I want to do it for you, I want to help you put together that Pitch-deck, that Business Plan, that business proposal because I have done it countless times, I have done it with a lot of people, and matter of fact I love it. Leave the draining paperwork in my very capable and willing hands while you continue perfecting your craft, I will make you look good on paper while you continue doing the great stuff that you do. Get in touch: consult@itumelenglepota.com