A great source of business finance is enterprise development contributions from companies who wish to improve their BEE score. In terms of the BEE Act, businesses are required to contribute towards the establishment, development and sustainability of small black owned businesses. This contribution can be in monetary of non-monetary form i.e. contributions in kind or contributions of time.
You have persuade a large business to which you have easy access, to help you with various business development needs of your business and thus score points on their enterprise development scorecard. Put a business plan in front of them and ask them to assist you with the articulated needs of your business in return for Enterprise Development points and even a small stake in your business. You will be surprised at how many businesses would be willing to assist you with this.
For more information on how enterprise development works click HERE.
