Serving

statements, balance sheets and All these provide an investor or a lender the data they need in order to make an informed decision.

Some would argue that requirements should be lowered to make it easier for small entrepreneurs Indeed that should be done and that. With the advent of technology it easier and cheaper to serve SMEs. There is a limit, however. Financial institutions can lower costs and ease requirements only so much. Being professional institutions there that proper care is taken when handling depositors’ and investors’ money. Beyond a certain threshold it becomes too costly or too risky to service an SME.

What can be done if the bar cannot be set any lower? The market then has to rise up to reach the bar, which is only fair in my opinion. There comes a time where in order ourselves, especially today when information is virtually free. The annoying subject revolving around numbers but as a story. The story of your business. A well-written story that will reveal all the details – whether or not a product is more is too high to sustain, if there is too much spending for something, if there are sales but no collections.

In the end one might think that large companies and SMEs are worlds apart but they are not. The only thing truly separating them is the ability to clearly share how their business is doing. Doors begin to open and real issues become visible. After all we will never know it’s a problem until we see it.