1 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider.

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Presentation transcript:

1 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider.

2 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. Series 4 27 May 2009 The Business Start Up Process: The Secret of Running a SAVVY Start-up Presented by: Ashley Mathura Head: FNB Start Ups

3 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. 65% of all new enterprises fail within the first 3 years of opening!

4 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. Why do failures occur in business? Insufficient planning Poor cash flow management Lack of business or marketing understanding Business owners who have taken their finger off the pulse of their business

5 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. Rules that can help your business stay in shape Invest in yourself Slowly, slowly catch the monkey Manage your budget and your books Cash flow is crucial Build a good reputation Practice Savvy Banking

6 First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services Provider. If you have missed any of the webstream sessions you can still access them on: Webinar Series on Business Start-up