Gobabis show backdrops for SME summit
The popular Gobabis Agricultural Show provided the backdrop for a business summit targetting small and medium enterprises. In the week just before the Windhoek Show started, Gobabis was the centre of attraction in the east when the agricultural sector came together for the local show in preparation for the bigger show in the capital.
Standard Bank Namibia used this opportunity to boost entrepreneurial expertise by hosting a summit for the owners of small and medium enterprises.
The summit which tied in with the Omaheke Trade Fair in Gobabis attracted SME business people comprising hairdressers, leather producers, a masseuse and tailors. Addressing the participants, Standard Bank’s Head of Enterprise Banking Dennis Isaacs said that Standard Bank understands the challenges facing SMEs especially with regards to limited access to finance to grow their businesses.
“Standard Bank views SMEs as a fundamental part of the economic fabric of our country as they play a crucial role in furthering growth, innovation and prosperity. That is why we want to support SMEs and provide them with information to advance your business. We offer a wide range of advice to small businesses ranging from how to access finance, helping forms to find suitable premises, establishing responsible business practices, acquiring sustainable and local procurement and contingency planning processes,” said Isaacs.
He further gave valuable insights on various financial requirements SMEs must meet to become profitable and sustainable businesses.
“Gone are the days doing your business out of the boot of your car or from a briefcase. Now is the time to equip yourself with the right financial knowledge that can grow your business to greater heights. Through our Bizz Direct Centre, Standard Bank is here to provide you financial; advice on how to compile a business plan, various debt financing options and the importance of running your business effectively and efficiently,” explained Isaacs.
The SME Summit is part of the bank’s ongoing corporate social investment SME Training and Development programme which provided coaching and mentoring to 25 SME owners every year.