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Series 3 20 May 2009 The Business Start-up Process:

Series 3 20 May 2009 The Business Start-up Process: Funding your Business Presented by: Ashley Mathura Head: FNB Start Ups. A recap of the Business Start-up Process. Establishing your financial position What are you reasons for starting your own business? Stress testing your idea

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Series 3 20 May 2009 The Business Start-up Process:

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  1. Series 320 May 2009The Business Start-up Process: Funding your BusinessPresented by:Ashley MathuraHead: FNB Start Ups

  2. A recap of the Business Start-up Process Establishing your financial position What are you reasons for starting your own business? Stress testing your idea Getting your company registered and ready to trade The different legal structures for business Tax and Banking formalities

  3. Securing Funding for your Start-up Ensure that you can answer the following questions: Do you really need formal funding? Have you put as much of your own money into the business as possible? Do you have any type of collateral to secure the funding if necessary? What exactly do you need the funding for? Does your business plan and cash flow forecast indicate the exact amount needed and the proposed method of repayment? Do you need the whole amount at once? What are your current obligations regarding personal and business loans with any other financial institutions? Do you have a good reputation with your bank?

  4. Source of Finance - Banks A few things to remember Get a grip of your business Bank solutions aren’t just about up-front funding Collateral is King! To find out more or to apply online visitwww.fnb.co.za

  5. Sources of Finance – Government Funding Government funding agencies include: DTI GEP Umsobumvo Youth Fund NEF Khula Finance

  6. Sources of Finance – Private Equity Investment A private equity investor would want to purchase an ownership share in your business as a form of funding Be prepared to give away some of your ownership and management control To find out more visit : www.biznetwork.co.za

  7. Series 4: 27th May 2009 @ 14h30 Join us next week for the final web stream on our Business start-up process where we look at: Running a Savvy Start-up

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