Entrepreneur Mindset | Newsletter

Newsletter June 2019 Entrepreneurs Mindset | Download our SME Planner Email not displaying correctly? View it in your browser. When asking millennials about where they see themselves career-wise, many will reveal their dream of owning their own businesses. The question is: what does it take to be, and remain a successful entrepreneur in the struggling local economy and a global economy that is moving lightning-fast and becoming more competitive by the day? Karl Westvig, Retail Capital CEO shares ten invaluable tips for aspiring young business owners. 1. LISTEN TO YOUR CUSTOMERS Just because you would buy your product doesn't mean others would, too. For your company to take off, you will need a sustainable base of customers who are convinced they need, want and deserve whatever it is you are offering. Find out what your audience needs, which products and services they are buying and which ones they shun, and most importantly – why?  2. BE FUNDING WISE Thirty-eight percent of millennials who responded to Ernst & Young's 2018 Millennial Economy report said a lack of funds is preventing them from starting a business. Fact is that there is money out there. Expand your quest for finance beyond conventional bank loans, explore convenient, flexible funding alternatives. 3. SUCCESS IS MORE THAN PROFITS Stand out by building a business that positively impacts the environment and drives socio-economic well-being. Responsible and sustainable ventures perform better. A 2014 analysis of S&P 500 companies, for instance, has found that corporations with sustainability strategies have an 18% higher return on investment than those that don't.   Read the next 7 tips to for apiring young entrepreneurs READ NOW       The Retail Capital 365 SME Planner is tailored for SME owners, detailing how to start the financial year, navigate the lows and how to end on a high!            Since 2011, we have provided businesses with innovative, flexible and convenient alternatives to traditional business loans. Business owners still identify access to working capital as the single biggest challenge that they are faced with. Being responsible for 50% of the country's GDP and contributing to over 65% of employment, we are devoted to partnering with small to medium sized businesses to grow the South African economy.This is where we can help and we are proud to have partnered with more than 10,000 SME's in providing funding of more than R2.5 billion to date.   APPLY NOW   Copyright © 2019, All rights reserved. Our mailing address is: Retail Capital 4th Floor, The Palms 145 Sir Lowry Road, Woodstock Cape Town, Western Cape 7915 unsubscribe from all emails   update subscription preferences