When was it your last time hearing, watching or reading about enterprise finance made easy? Chances are it has not been long. But, then, how useful is it to those in need of it?
Many start-up businesses are in dire need of capital and but are told they either do not qualify for it or need to have collateral and security before they could be listened to. Then if not that, you hear of sayings that aspirant businesspersons are too choosing when it comes to sectors they want in, something that comes naturally with politicians and cadres deployed in business financing and funding institutions.
This, springs to mind what I heard on the radio that our fund-seeking youths are not willing to get their hands dirty; they choose same sectors that are not industrialized. What these utterances mean is that it’s okay by the government for big financing businesses to class us as same and to apply a one-size-fits-all approach when answering to almost zero funding of black businesses. Thus, leaving us out of the funding line, and having to settle on looking on as immigrants go on taking all the funds deemed “industrialized”. Enough about heads of states' refusal of their failure to create jobs and economic development they promised.
Back to the business of this article: If one chooses a specific field to offer their services to, then to some it’s a problem. I then ask myself – what happened to freedom of choice we so much hear of?
We have many finance vehicles of which some one doesn’t even know what their acronyms stands for ‘cause it still won’t be any effective which are in our vicinity but to date I can’t point a finger in lay of claim that the fingered individual or group of persons have been assisted by them. It goes to show how bad things are. A lot could have been achieved if only they had given a chance to ideas that they encounter from time to time instead of pushing political agendas.
The other thorny issue is that of rental space for businesses. They claim to be housing businesses with dignity at reasonable rates but just go to their offices to enquire about office space you’ll come out reeling with shock. To me, I believe had they thought of developing smaller players from the word go, then there would have been provisions for start-up rental to encourage longer stay in the rented spaces and proper growth of businesses locally, of which a different case applies.
Many a small business fail due to rental being the core of their fall. If space could be affordable, we won’t witness the rate in which shops opens and closes.
Enterprise development corporations or institutions should employ people who have first-hand experience in administration, management and other related skills sets needed to run a business as their analysts, advisors and consultants. Thing is, it takes a brave man to go against the comfort of conformity and security to go into business. Don’t get me wrong here – it’s just that it’s not that easy to start a business and some fail in their attempt in it because of their quick buck making thoughts. If you want quick money, you’ll lose out dismally.
So, it is very paining and discouraging the way in which this brave job creators are handled at the so-called “business financiers” at the hands of inexperienced personnel. We have high unemployment rates and yet those offering a way out are shunned out as “clever ones” as some of our presidents labels them, and as such receive a cold shoulder by the less clever ones for their creative and innovative solutions.
In conclusion: as citizens, we ought to give pressure to the government to relax the red tape that’s hampering job creation attempts and to also stop fooling us with tax coffers eroding schemes of playing around with new institution names with but same faces and bad ways of poor service delivery.
Perhaps one day those in the hot seats of financing institutions will wake up and have a change of heart as regard the power of small businesses in their ability to turn the tide of unemployment. But, for now, it remains a case of maybe one day there will seat someone who will make it easier for businesses to obtain finance without being sent from one useless face to another clueless one...dp
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