SA Entrepreneur Lerato Lira Lempe Highlights How Saving Can Help In Building A Successful Business
SA Entrepreneur Lerato Lira Lempe Highlights How Saving Can Help In Building A Successful Business. South African entrepreneur Lerato Lira Lempe took to Twitter to highlight how saving can help in building a successful business. She also shared that she recently started her small fast food business.
The post read, “You need both of them to make to that R100k but the most important that works for me I save smarter. I have realized that since I started my small fast food business that saving money is the way of winning in the business. #ItCanBe” Lempe knows that in order to have a successful business one needs to have a lot of capital in order for them to execute the ideas that they have for the business. She also knows that saving money will guarantee having more money in the future and this will allow her to use that money to grow her business.
Finding investors in the early stages of the business can be difficult for a lot of startups as they do not have a track record of being successful in their particular field, therefore investors will also be skeptical about funding a business that is just starting. Entrepreneurs can use the saving method that is encouraged by Lemepe to actually accumulate an amount that they want to invest in their own business, this will get them to start the business and be able to build a credible track record that can attract investors.
The fast food business can be a difficult business to get into especially if one doesn’t have some sort of capital to start with, this is why Lempe highlights the benefits of saving, she understands that there are costs associated to opening a business in any industry, therefore it would be wise for entrepreneurs to save and invest in their business.
