2. A recent World Bank
report ranked
Singapore as the best
country to do
business in the world,
for the 7th year in a
row.
3. The report stated that
while Singapore did
well for most of the 10
regulatory areas
measured, but there
was one where
Singapore scored an
especially low average
rating – getting credit.
4. Although it’s mostly good
news for businesses. The
challenge of getting funding
still remains.
5. Whether you choose to
raise capital from people
you know, banks, or
investors, many people
find it difficult to ask others
for money.
6. Asking around, everyone
seems to think with the way
the economy is going, the
way the government is
talking about slowdowns
various industries will
experience, that it will be
tougher to approach banks
for loans and investors will
be more reluctant to put
their money behind your
business.
7. But is all this hearsay
true? Is that really what
banks and investors
are thinking?
8. Michael Hutchison
facilitated a roundtable
discussion with venture
capitalists and small
business financing arms of
some leading banks and
found out some interesting
facts.
9. The representative
from the banks stated
that they actually lent
out more money from
previous years to
small businesses and
entrepreneurs.
10. How to grow your business with
other’s people money?
Continuation in Part 2