One of the questions lots of start- up entrepreneurs get asked is about capacity.
“Do you have capacity to supply……ABC?”
“Do you have capacity to do……. Project?”
Almost all the time, we answer in the affirmative.
However, we sometimes crash and mess things up if we are given the opportunity.
This creates a false impression about start- up businesses. People feel Start- Ups are risky to finance.
Banks don’t want to finance Start- Ups, people don’t want to partner with start-up businesses, contracts are hardly awarded to start- up businesses.
My question is……. how will the economy grow if Start -Up businesses are not encouraged to grow?
Dear Start- Up business, do not be under any pressure to present a false picture of your business.
The first way to win this battle is to Know Your Capacity.
What is the capacity of your business?
Are you a Micro- scale or Small -scale business?
If your business is Micro -scale and you take up a small -scale structure to attract financing, you might crush your business.
What is the difference between a Micro -scale and a Small- scale business?
I will leave us with these thoughts.
Capacity is built.
Capacity is not physical structure.
There is no harm in Starting small.
Have you ever presented an inflated impression about your business to attract funding? How did you fare?
As always, your comments are treasured.
Enjoy Your Week.
-the starry-eyed entrepreneur