12 Inside BUSINESS Thursday, February 1 2018 | NEW ERA 6 ways to fund your start-up business Standard Bank’s Head of Enterprise Banking, Dennis Isaacs Notice is hereby given in terms of Section 63 (2) (b) of the Local Authorities Act 23 of 1992 (Act 23 of 1992) as amended that the Town Council intends to sell immovable properties by way of private transaction to the under mentioned people at the price indicated below. Objections to the proposed transaction duly motivated and in writing are to be addressed or delivered to 09 February 2018 at 12H00. NO APPLICANT NAME ERF NO. SIZE M² ZONING LAND PRICE N$ SUBURB 1 Annastasia S.N Nakatana 325 547 Single Res 43,760.00 Ekuku Ext. 1 2 Steve Biko Nghiwewelekwa 166 375 Single Res 30,000.00 Ekuku Proper 3 Elifas Shigwedha 165 375 Single Res 30,000.00 Ekuku Proper 4 Savelia Shithigona 164 375 Single Res 30,000.00 Ekuku Proper 5 Gloria T. Kamari 158 500 Single Res 40,000.00 Ekuku Proper 6 Remigius E.M. Kamari 163 375 Single Res 30,000.00 Ekuku Proper 7 Elizabeth T. K. Kamari-Enkara 161 387 Single Res 30,960.00 Ekuku Proper 8 144 813 Single Res 65,040.00 Ekuku Proper 9 Tiberias Nambambi 142 532 Single Res 42,560.00 Ekuku Proper 10 Ester Netope 143 532 Single Res 42,560.00 Ekuku Proper 11 Daniel Jonas 145 725 Single Res 58,000.00 Ekuku Proper 12 Taimi V. Kombungu 152 502 Single Res 40,160.00 Ekuku Proper 13 Sam Kondjashili 157 500 Single Res 40,000.00 Ekuku Proper 14 Ether R. Mukwiilongo 160 387 Single Res 30,960.00 Ekuku Proper 15 Fiina Amadhila 162 375 Single Res 30,000.00 Ekuku Proper 16 Eliphas Twihaleni Shikongo 402 1,120 Single Res 50,400.00 Oshakati Ext. 1 17 Tshali iithete 1112 2054 Single Res 164,320.00 Oshakati Ext. 3 18 Makapa Castro Simasiku 3931 912 Single Res 136,800.00 Extension 16 19 Tulonga Ndawapeka Nhinda 3933 912 Single Res 136,800.00 Extension 16 20 Festus Nakatana 3970 928 Single Res 139.200.00 Extension 16 21 Motor Vehicle Accident Fund of Namibia (MVA) 1602 2,470 Business 637,527.80 Oshakati Ext. 7 W. Iita CHIEF EXECUTIVE OFFICER Staff Reporter Windhoek Many people dream of owning a successful business, however not many of them see their dreams to fruition because of various challenges they cannot seem to overcome. One of the most common obstacles that these people face is business. “As an aspiring business owner you will have to jump through various hoops if you wish to make your business a success. One of those hoops will be trying to funds to make your business operational. Fortunately, there are new innovative ways to raise funds to start your business,” Standard Bank’s Head of Enterprise Banking, Dennis Isaacs, said this week He explained that while traditional methods of raising funds, such as banks are still available to people, many new business owners gravitate towards the new age fund raising methods which help them set-up their businesses and once they gain traction and start of the traditional methods to grow and expand their businesses. “You may want to go out and start seeking funding as quickly as possible but before that you should carefully appraise your business plan and ask yourself if you are ready for funding. You may think it’s irrelevant, if you start seeking funding before you’re ready, you may end up wasting your time and heading down a long and disappointing road,” Isaacs stressed. However, he said that once you have established that you are ready for funding, here are some avenues you can explore for funding: Crowdfunding Be they family, friends or strangers, if people believe in your business idea and believe it has the potential to be successful, they will invest in it. Crowdfunding entails having a large of people ‘donate’ to your business idea without re- OSHAKATI TOWN COUNCIL SALE OF IMMOVABLE PROPERTIES quiring you to pay them back, as such; it has democratised access to portunities for not only entrepreneurs, but also charities and creatives. Crowdfunding is a good alternative to fund a venture without giving up equity or accumulating debt. So, choose the crowdfunding platform of your choice, share your business goals and raise funds. Bootstrapping Bootstrapping is also a good way to fund your business because it entails you founding or building your company or from the operating revenues of the new company. It is also an effective and inexpensive way to ensure a business’ positive cash to keep company’s mandate 100% your own, without outside interference because you are not borrowing or selling equity or a stake in your business. Friends and family are valuable in this instance; however, your life savings could come in handy if neither option is available. Bootstrapping is also a great way to get around the early challenges of banks, investors and other traditional sources of capital. Factoring method where a company sells its receivables at a discount to get cash up-front. However, factoring should be the last option as it can cause substantial amount of immediate debt. It is most commonly considered by those with limited funding, and are strapped for cash. Seeing as the business is selling its receivables at a discount to obtain immediate cash, it can be dangerous and should rarely be used. Angel Investor Angel investors are typically wealthy people who provide start-up capital for a business in exchange for convertible debt or ownership equity; however they are generally more private and harder to not want to be inun- capital angel investors provide may be a onetime investment to help the business propel or an ongoing injection of money to support and carry the company through its difficult early stages. Angel investors are focused on helping start-ups take they may get from the business which is why they are ideal for aspiring entrepreneurs. G o v e r n m e n t Funding Namibia’s government, like many across the world has realised that small businesses are important to local economies as they create jobs and promote self- the government has various loan and grant initiatives, which they award, to budding entrepreneurs. However, government loans and grants are usually subject to key deliverables such as job creation, women empowerment, and youth and economic development being met. With affordable repayment options (or no repayment at all for some grants), they are the best option for entrepreneurs who are working with very little. If you have a good credit record and capital (raised from bootstrapping, crowdfunding, angel investors, etc.), it can open up financing from the bank. You need to be able to prove to the bank that your business idea is viable and that you have a client base anticipating the launch of your product or assets are a great way to show that you have security and increase your chances of being approved for a business loan. people do business is evolving, this also means the way people start their businesses is evolving, and there is no right or wrong way to do it. Get creative when you need to fund your business, there are many options you can consider, such as holding networking events in your community, asking for material donations, and getting media exposure. Cash has rarely stopped a focused entrepreneur from achieving their dream so do not let it stop you,” Isaacs concluded.
Thursday, February 1 2018 | NEW ERA Inside BUSINESS 13 Towards better housing… Standard Bank’s central region branches collectively raised and donated a total of over ing community initiative. The amount was recently handed over to the bank’s chief executive Vetumbuavi Mungunda managers of the central branches. Standard Bank’s annual ment aimed at addressing the unavailability of housing for shacks and into decent brick houses. Photo: Contributed SA consumer remains during fourth quarter JOHANNESBURG remained depressed in the fourth quarter to three consecutive years, compilers First National Bank and the Bureau for Economic Research said on Wednesday. - - in the fourth quarter of 2017. No survey FNB and BER noted that the survey - Cyril Ramaphosa to lead the party. of the CCI retreated from +6 in the second quarter to +2 in the fourth quarter of 2017. - towards the end of 2017,” FNB senior economic analyst Jason Muscat said. The uncertainty about the distribution after the Constitutional Court declared Paymaster Services as invalid, may fourth quarter, FNB and the BER said. the majority of low-income consum- position to deteriorate when the CCI fourth quarter,” the companies said. FNB’s Muscat said the bleak outlook for - ment debt now expected to reach 60 per- “We expect further substantial increases in personal income taxes and indirect tax- in particular.” - Nampa/ANA PORT ELIZABETH Parliament’s Portfolio Committee on Trade and Industry has raised concerns about “unscrupulous traders” who have increased the price of bottled water water crisis in Cape Town. The Committee will write to the Minister of Trade and Industry, Rob Davies, as well as the National Consumer Commissioner freeze the price of bottled water. In a media statement, Chairperson of the Committee, Joanmariae Fubbs said that Town, price increases for bottled water amounted to exploitation: “The current increase in the lous entrepreneurs amounts to exploitation of the poor and the spirit of the Constitution.” She said the minister and the MARKET OVERVIEW NCC must apply their minds “expeditiously to make sure unfair business practices do not prevail” in Cape Town. can be done to make sure the to the pockets of consumers especially the most vulnerable,” said Adrian Williams of the Af- Ghalieb Cachalia, from the Dem- that “measures should be devel- Day Zero, when taps will run dry, has been moved to April 16, from April 12, mainly due to a reduction of releases in the previous week. down even further Capetonians will only be allowed to use 50 litres of water daily per person, which will come into effect from Thursday. - Nampa/ANA Change Latest 3 months 0.00% 7.13% 6 months 0.00% 7.58% CGP CAPRICORN INVESTMENT GROUP L 1806 0.00% 9 months 0.01% 7.71% NBS NAMIBIA BREWERIES LTD 4000 0.00% 12 months 0.02% 7.97% BVN BIDVEST NAMIBIA LTD 785 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4658 0.00% #VALUE! #VALUE! #VALUE! #VALUE! ORY ORYX PROPERTIES LTD 2060 0.00% #VALUE! #VALUE! #VALUE! #VALUE! NAM NAMIBIAN ASSET MANAGEMENT LT 68 0.00% #VALUE! #VALUE! #VALUE! #VALUE! NHL NICTUS NAMIBIA 189 0.00% #VALUE! #VALUE! #VALUE! #VALUE! BMN BANNERMAN RESOURCES LTD 42 2.44% #VALUE! #VALUE! #VALUE! #VALUE! DYL DEEP YELLOW LTD 260 -2.26% #VALUE! #VALUE! #VALUE! #VALUE! SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.4%) -0.06% 10.83% FSY FORSYS METALS CORP 116 -4.13% #VALUE! #VALUE! #VALUE! #VALUE! TUC TRUSTCO GROUP HOLDINGS LTD 875 0.00% %Change Latest B2G B2GOLD CORP 3612 -0.91% Gold 0.32% $ 1,342.91 Platinum 0.66% $ 1003.52 Copper 0.00% $ 7,050.00 Brent Crude 0.06% $ 68.13 %Change Latest NSX (Delayed) -0.24% 1341.50 JSE All Share -0.13% 59,470.57 SP500 -1.09% 2,822.43 FTSE 100 -0.12% 7,579.04 Hangseng 0.86% 32,887.27 DAX 0.14% 13,215.72 %Change Latest Financials 0.47% 17,429.25 Resources -1.03% 37,471.82 Industrials 0.02% 79,273.58 %Change Latest N$/US dollar -0.85% 11.8626 N$/Pound -0.87% 16.7804 N$/Euro -0.43% 14.7739 US dollar/ Euro 0.42% 1.2454 Latest Previous Namibia Inflation (#N/A Requesting Data...)5.2 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75