Funding and management
It’s no breaking news that funding is a key element in the success of any business. Whether it is self-funded (read bootstrapped) or funded through friends, family and fools. Banks (loans) or investors (venture capitalists, angel investors, private equity, IPO).
Even less of a surprising reveal, is that there are plenty of businesses in South Africa (and Africa as a whole) that do not have access to appropriate funding.
Another key problem behind a business’ demise, is inappropriate management of that business. Be it the management of its cash flow – mistaking profit with cash on hand or long debtors days. The development of its product – essentially a lack of product-market fit, or inappropriate responses to economic events and competitor maneuvers. Or the people factor – hiring the right people, creating the right environment, and having happy customers.
And there are plenty of other problems that keep businesses from being the best they can be, but these two are the top reasons. Which is why, Secha Capital is looking to help businesses limit them.
Sounds like a win-win for Secha, the business and our economy.
If you would like to know more, check out their website.