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Pat Mokgatle
While a potential investor may appreciate your great idea or expansion plan, they are primarily concerned about their return on Investment (ROI), as well as the financial state of your business. Too many requests for venture capital, and/or first and second round funding, fail because the entrepreneur has not thought about or provided cashflow and forecasts, nor can s/he provide financials that demonstrate good governance and that the business is a going concern.
Smaller short-term loan applications will be more successful when accompanied by professionally presented financial statements.
Larger investments require a minimum of three years of financial statements, forecasts, contracts and proofs of viability.
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Pat Mokgatle