It’s been nearly a month since the last time I wrote anything, which i understand is pretty much unacceptable. I have good reason though, so please hear me out.
The main reason why I haven’t written anything is because I’ve been waiting to find out if my application for finance from KULA was successful or not, and because of the money I needed to put up with the application, I couldn’t use any of it until I got the outcome. Well after more than 4 weeks waiting for an answer they finally called me last Thursday, to tell me that my application was rejected.
I was disappointed because the business banker who handled my application was so positive that it would be approved, but hey that’s life for you.
Now I’m in a situation where after losing my main investor, I’ve also lost the finance from Kula that I was counting on to build my company. It has thaught me one very valuable lesson though, don’t count on others where your future is concerned.
It’s disappointing that South African Banks and Institutions aren’t willing to help out young entrepreneurs, but I can’t let this set-back stop me from building my company.
To make matters worse I still haven’t received any money from my unemployment fund so it’s getting rough out here.
It is what it is though, and I was fully aware of what I was getting myself into when I resigned from my comfortable, well paying job in November.
Going forward the plan is simple. Use the R10 000 I have to get the ball rolling, and hope that I can get some investors or funding to grow the business.
Adapt or Die…