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Frontline Focus
Black Business 2021 and Beyond, Challenges and Solution
It is quiet clear that we are in a new session and in this session require new adjustment. Adjusting to change can be difficult, hence 2021 will be a challenging year for many of our small businesses, especially for those that relies on foot flow to earn their livings.
Meeting the challenges is a key part of Frontline Focus strategy in helping small businesses to either move on line where they can or to help them to look at new ways that they are able to diversify to meet the challenge
Doing Our Businesses without the needs for the traditional high Street Banking System
With an aim to increase black business by developing their capacity and in enabling greater participation, us having bigger businesses, delivering a higher quality of services of which present our businesses with the opportunity to grow dynamically, and with good opportunities to participate freely in the general economy of the nation. This must be a big part of our agenda in the coming years. However, one of our biggest barriers is in financing and finding the capital necessary to deliver the types of business that we need. One question we may need to ask ourselves.
How do we finance our businesses
How do we finance our businesses without the need to use traditional banking, as we all know in most cases the traditional high street bank aren’t willing to support our businesses. Well if the traditional banks aren’t willing to help then maybe we should find or create our own financial systems to take care of our business need. One that can provide the dynamic financing mechanism needed for our business development and growth, providing early years finance especially at early and incubating stages.
Maybe we need a new revolutionary system that moves away from the traditional banking model. Supportive of new development, putting our businesses at the centre of their business activities. One that supports immediate needs without red tapes actively involves both at development and growth stages. Helps with financial planning for the long term and future finances. This is about having a new financial model that behaviours differently toward people access funds for business development and growth.
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