The Small Business Forum
Mobilising Resources
- Mobilising resources involves finding funds to set up, establish the business. It is a critical part of business creation. A large number of business ideas do not become actual businesses due to the failure to obtain necessary funding.
- Possible sources include your own funds and borrowed money.
- Key to mobilising resources are that the funds are:
- adequate
- suitable
- timely or available as required.
- Short term funds should be used to meet short-term costs and long-term funds long term costa.
- It is necessary to use equity and loan. A business wholly financed from loan may collapse from excessive loan servicing charges.
Comments, Questions and Suggestions welcome.
drkibuka@thesmallbusinessforum.co.ke
+254-729524219
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