Monday, 29 August 2022 16:08

Three financial tips to take care of the capital of new entrepreneurs

Written by Evelyn Alas

Micro, small and medium enterprises (MSMEs) are responsible for most of the jobs and the economy in the world, as well as an alternative for personal, professional or social growth.

Although in the pandemic they closed and at the same time new ventures were born, in this article we tell you what to do to take care of your capital at the beginning of your venture.

1-Smart access to capital: in the beginning, entrepreneurs rely on their personal savings or the support of those close to them, but inevitably there comes a time when they need other sources of financing to grow, such as banks or fintech, but the important thing is to verify the interest rates among the different options that exist.

2- Knowledge as capital: knowledge and continuous training must be an integral part of the business vision; you can take advantage of the Internet, where there is a wide range of resources such as podcasts, workshops, webinars, blog content.

3-Administration in order: for the correct administration of an enterprise, it is necessary to keep a good control of finances and comply with the fiscal requirements imposed by the authorities.