Small Business Focus

How to find funding so your business can grow

(Do you know about a small business with great service? Reward them with a 2015 Small Business Awards nomination! Click here to nominate businesses in and around Johannesburg and here for businesses around Cape Town.)

Funding your business through what you have, not what you need, is a crucial entrepreneurial skill.

What you have in your established business includes customers, suppliers and staff.

We interviewed Pavlo Phitidis, Director and CEO of the Aurik Business Incubator.

Phitidis looked at some examples in all three areas to find the funding to realise your growth.

Scroll down to listen to the audio for some creative ways to secure funding.

You can, for example, tell your supplier ‘Work with me to secure this deal!’

Pavlo Phitids, Aurik Business Incubator

Forced savings to build up a reserve fund is very important. If you don’t have this it’s like a bear going into winter without a layer of fat.

Pavlo Phitids, Aurik Business Incubator

How about offering a share of your business to suitable staff members?

Pavlo Phitids, Aurik Business Incubator

This article first appeared on 702 : How to find funding so your business can grow


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