Venture Fund

Taking your business concept to market

When you talk to those who want to get into business they normally have stars in their eyes. Dreaming of the millions they are going to make. That’s great and it indicates a sense of passion and drive. The question aspirant entrepreneurs should ask themselves is what type of business should I start? Many want to do something completely unique. Something radical, something that is new to the market. There is nothing wrong with this but one need...
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Getting into business: where does it all start?

There are so many very creative people out there who want to be in business and, in fact, should be in business. Like any other craft, science or skill, getting into business is a package deal. It is not only about the product offering, the location or the margins. It’s like trying to keep 20 balls in the air all at the same time. Instead of trying to address all these issues at the same time I want to discuss the most basic issue, in f...
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Getting finance for my small business

Ever wondered why SMEs cannot access finance for their businesses? And is it justified? Research indicates that access to finance is the main hindrance for entrepreneurs in starting or expanding a business. This is not just a local phenomenon, but is experienced by entrepreneurs worldwide. Sometimes it is justified. There is a simple reason for the lack of available finance for SMEs, and that is the associated risk involved in the financin...
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What is Venture Capital?

If you are in the early stages of your business, perhaps even in the research phase, and are in need of funding, perhaps venture capital is for you. Let’s look at exactly what it is and if it is appropriate for your business. Venture Capital (VC) is an investment fund that manages money from investors looking for private equity in start-ups and SMEs with strong growth potential. Investments are typically high risk but with high returns. ...
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SA venture capital market on the rise

Venture capital is often associated with investments into large, high growth businesses, yet there is a growing need for venture capital amongst entrepreneurs in South Africa who require smaller investments to get their concept to market or move their business to the next level. This is according to Gerrie van Biljon, Executive Director of Business Partners Limited, who says that this demand has been highlighted by the interest received from entr...
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Securing Financing

A typical cry among entrepreneurs is the lack they have in accessing finance, often berating the difficulties they experience in securing the funding to either establish or grow their businesses. However, in pointing one finger elsewhere, the reality is there are three fingers that point back at you. Financiers have limited funding available; are either offered security that is not acceptable or not offered security in any format and are faced wi...
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Business Partners Limited earmarks R1 billion for SME development in 2013

In an effort to grow and foster the local economy and develop business within South Africa, Business Partners Limited, a specialist risk finance company for formal small and medium enterprises (SMEs), has earmarked more than R1 billion for the advancement of SMEs within the region for the upcoming 2013 / 2014 year. According to Christo Botes, Executive Director of Business Partners Limited, the company’s main objective in 2013 is to further dev...
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The power of a positive attitude

The only thing that is truly yours that no one can take away from you is your attitude. If you can take care of that, everything else in life becomes much easier. Everything boils down to choices we make, we are our choices. In all circumstances or conditions we face, a choice that you make determines your path as well as subsequent choices. Positive attitude is a state of mind that is worth developing and strengthening. Your positive attitude c...
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What makes a successful entrepreneur?

Clear, passionate vision combined with abundant energy is the first feature Business Partners looks for. But if that was all it took, we could all be entrepreneurs. To be a truly successful entrepreneur, one has to have what we call 'doing' skills and 'business' skills. 'Doing' skills are what one learns at a tertiary institution or from sheer experience while working for someone else. 'Business' skills are those needed to manage and run the busi...
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Access to finance: part three

Following up on part one and part two of the previous articles, part three brings you the importance of financial statements. What I have experienced is that most entrepreneurs do not spend enough time on this aspect of their businesses or rather downplay its importance. Financial statements are so foreign to some, you wonder how their businesses have made it this far, but obviously it also shows that the financial statements are not the only dec...
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