Young entrepreneurs are often tempted to seal the deal with the first available investor. | Simone Kley
Despite there being various initiatives by both the public and private sectors to fund small, medium and micro enterprises , the programmes are seemingly flawed and do not always cater for the needs of the people they are meant to benefit.
Lack of access to funding programmes may explain why young entrepreneurs more often than not find themselves in legal troubles after contractually binding themselves to the first investor that comes along, without thoroughly reading and understanding the terms and conditions of the contract, because their main objective is to get their businesses off the ground.
She advised young entrepreneurs to hang tight for as long as they can until they find traction as this gives them leverage with investors.
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