There is a lot of confusion that can happen when it comes to funding. It is easily misunderstood and can cause confusion about what it means to qualify for funding, apply for funding and obtain funding. These myths prevent entrepreneurs from obtaining the funding they need to help their business flourish.
Any myth is an untrue statement that is seen as a true fact. It is often caused because of miscommunication or misunderstanding. To fight this type of misinformation, it is important to consider whether what you hear is true or not. Some good research online can quickly inform you about the truth. In the case of facts about funding, this is even more important.
Funding in any shape or form is a vital part of a business. Without it, it is difficult to conduct business. However, because of the many misconceptions about funding, some entrepreneurs find themselves reluctant to apply for funding. Others submit their applications, but when these get denied, they are dumbfounded as to why their wonderful business idea seems to be rejected.
The truth of the matter is that these common myths are the culprit. So, let’s bust some funding myths!
Now that we’ve busted some common funding myths, you are ready to investigate where to obtain funding. South African entrepreneurs have quite a few options at their disposal.
