Page 86 - Msingi Afrika Magazine Issue 20

Economy

his own company quite successfully
is that of Steve Jobs the founder of
the Apple brand.

Apart from the aforementioned
methods of financing a new venture
for an entrepreneur, one can also
get it from government subsidies
especially through incubation hubs.
This is a popular venture financing
method for new startups spearhead-
ed by tertiary students in Zimbabwe
and the world at large.

Truth be told, it makes everything
easy for the technopreneurs for not
only does it avail them mentorship
opportunities but it also deals away
contractual agreement. a good direction. It is no secret that with facing financial burdens. There
not having enough capital can give a are various ways to kill a cat but the
Accordingly, venture capitalists headache to either an entrepreneur crux of this article is on the first
mean business and expect good or any business person, for funds two venture financing methods. If
profit returns. In most cases they do make for smooth sailing. more is done in ensuring that we
not just immerse themselves in any have these in abundance in Zim-
start up but they weigh how much Also, bootstrapping can be another babwe then the entrepreneurs are
they will get before pooling their way to finance a new venture for headed for the well-needed success
money usually in the growth stages an entrepreneur. This is one of the and greatness in whatever line of
of a high tech business venture such easiest way to finance one’s ven- business they are entailed in. With-
as those in ICT or biotechnology. ture without much hassle for you out doubt, funds make the world go
can get the money from your own around for entrepreneurs because
As an entrepreneur, one can con- friends and relatives or better yet instead of seeing hurdles they will
template working with them because from yourself. The bottom line is see more opportunities for that is
one thing you are guaranteed is the that there are not that many external the day-to-day life of an entrepre-
level of their seriousness in ensuring parties involved in your start up. neur, always being on the lookout
the funds are in place. This is why, for the next big thing. Adding to
in developed countries like America With bootstrapping you can get that, you do not give up on the first
and China, who are at an another soft loans from your close circle of try for failure is a stepping stone to
level when it comes to technopre- friends and family. Again, the beauty success.
neurship these venture capitalists are of this method is that when the new
quite popular and their businesses venture does grow to be a company At the end of the day, a true entre-
are booming unlike here in Africa that hits the market like a storm, preneur must have a sixth sense of
where all this is relatively new. then as the entrepreneur you will en- maneuvering in the jungle where
joy the fruits of your labor alone in dog eats dog through trying other
Nevertheless, in Zimbabwe strides full knowledge that you won’t share means to get funding. Thus, trea-
are being made to conscientize the your profits with either business sured entrepreneurs, always keep
masses by venture capitalists com- angels or venture capitalists. Thus, your ears to the ground in search for
panies such as the Vakayi SME fund in other words you will owe your venture financing opportunities so
which is focused on investing in success to yourself and the count- that you do not miss anything.
outstanding entrepreneurs who are less sleepless nights you put in, the
essential service providers. For all hard work that is your sweat, blood To this effect, be proactive in all
intents and purposes, the emergence and tears, although not necessarily faculties of your life especially were
of such kinds of companies means in that order. A good example of financing is concerned.
entrepreneurially we are headed in an entrepreneurs who bootstrapped

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