by Amogelang Nawa | Dec 10, 2019 | Gamers Reflections
There are a lot of solutions to the lack collateral issue: 1) the assets purchased using the financing obtained can serve as security. 2) another person or business can stand in as surety (should you be unable to pay they will be liable to pay) 3) seek financing...
by Amogelang Nawa | Dec 8, 2019 | Gamers Reflections
I was once like youMadimetja: “security means collateral which is an asset you would forfeit should you be unable to repay the loan granted. The funder/lender will take ownership of the collateral and may decide to keep or sell it to recover the money lent. Collateral...
by Amogelang Nawa | Dec 6, 2019 | Gamers Reflections
Mademetja: “bank statements and financial projections will essentially give an indication of whether the business will be able to repay the funding that will be provided. Cash flow projections are forward looking and we all know that we cannot predict the future...
by Amogelang Nawa | Dec 6, 2019 | Gamers Reflections
Funders are also in the business making money (or a profit) and they make it through interest (and fees) charged on the money lent. Funders use bank statements to assess affordability and ability of the business to repay the loan (including the interest). Through the...
by Amogelang Nawa | Dec 2, 2019 | Gamers Reflections
Madimetja: “I must say, you may be putting together a business plan because you need funding however first and foremost it is for yourself, it is for your business” Sipho: “alright, alright I hear you. I will consult you when I put it together, I have also enrolled...
by Amogelang Nawa | Nov 30, 2019 | Gamers Reflections
The process of putting a business plan together affords an entrepreneur with having direction (setting goals), thinking about their business holistically, setting out and evaluating the business model (how the business will make money) and assessing whether the...
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