Reinhardt Jobse

Helping people to improve, thrive, and make a positive impact on humanity is my passion.

Hi there!


I'm Reinhardt Jobse, and I’m here to inspire and empower
people to improve the quality of their efforts through coaching, training, and
connecting them with helpful solutions they need so they can realise their
ambitions and thrive!


Life is a wonderful gift, but it is also a challenging
journey that requires us to learn and grow continuously.


I know how challenging life can be. I've been around the
block and still doing it. At one time I owned a coffee shop. But then I lost
everything. I burned out, closed the coffee shop, went bankrupt, my
relationships fell apart, and I was left with nothing but debt and despair.


But then, after a lonely journey of almost a decade I found
something that changed my life: fulfilment coaching.


Coaching is about more than just helping you change your
habits so you can transform your results and reach your goals. It’s about
helping you live a joyful, meaningful, and fulfilled life where you can realise
your ambitions and thrive.


And that's what I want to help you do.


I want to help you achieve your goals without burning
yourself out. I want to help you overcome your fears and challenges. I want to
help you create a positive impact in the world. I want to help you improve the
quality of your efforts so you can realise your ambitions and thrive.


That's why I became a fulfilment coach. I have almost two
decades of experience in the hospitality industry and now as an accredited coach
I am helping determined people like you live fulfilled lives, make meaningful
connections, build exceptional relationships, develop, and grow.


And I believe that you have what it takes to do that.


So let me ask you this:

• Are you ready to take your business or career - your life - to the next level?

• Are you ready to connect with amazing people who can help you grow?

• Are you ready to create a better future for yourself and those around you?


If you answered yes to any of these questions, then I want
to work with you.


Let's have a coffee and see how we can collaborate to make
your dreams a reality.


Let’s connect and make big things happen together!

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What Entrepreneurs Must Know About Getting Funding for Their Businesses

July 26, 20236 min read

What Entrepreneurs Must Know About Getting Funding For Their Business

Worker Professional

Getting funding for your business can be a challenging and rewarding process. It can help you turn your idea into reality, grow your business, and achieve your goals. However, not all entrepreneurs know how to get funding, what options are available, and what pitfalls to avoid. Here are some tips and insights to help you navigate the funding landscape and find the best option for your business.

Choose the best funding option for your business

There are different types of funding sources for entrepreneurs, such as bootstrapping, friends and family, partners, alternative funding sources, loans, angels, and local grants or programs . Each option has its own advantages and disadvantages, depending on your business stage, industry, goals, and needs. For example, bootstrapping can give you more control and flexibility over your business, but it can also limit your growth potential and resources. On the other hand, angel investors can provide you with valuable mentorship and connections, but they may also expect a significant equity stake and involvement in your business decisions.

Before choosing a funding option, you should carefully consider the following factors:

     How much money do you need and for how long?

     What is the expected return on investment (ROI) for your business?

     How much equity or control are you willing to give up?

     What are the risks and benefits of each option?

     What are the eligibility criteria and application process for each option?

You should also do your research on the different funding sources available in your market, industry, and location. You can use online platforms, databases, networks, events, or referrals to find potential funders that match your profile and needs.

Plan your funding

Having a clear plan for your funding is essential for a successful application and management of your funds. You should have a solid business plan that outlines your value proposition, target market, competitive advantage, financial projections, milestones, and risks. You should also have a clear budget that shows how much money you need, what you will use it for, and how you will repay it or generate returns.

Your plan should also include a contingency plan in case things don't go as expected. For example, you should have a backup source of income or savings to cover your expenses if your revenue falls short or if your funding is delayed or denied. You should also have an exit strategy that outlines how you will end your relationship with your funders if needed.

Find a funder who 'gets you'

Finding the right funder for your business is not only about getting the money. It is also about finding a partner who understands you and your business vision, values, goals, and challenges. A good funder can provide you with more than just capital. They can also offer you mentorship, guidance, feedback, connections, exposure, and support.

To find a funder who 'gets you', you should look for someone who:

     Has experience or interest in your industry or niche

     Shares your vision and mission for your business

     Aligns with your values and culture

     Has a compatible personality and communication style

     Has realistic expectations and terms for the funding

     Has a track record of success and credibility in the funding space

You should also build a rapport and trust with your potential funders by being honest, transparent, respectful, and professional. You should communicate clearly and regularly with them about your progress, challenges, achievements, and needs. You should also show them that you are passionate, committed, resilient, and adaptable.

Check the terms and conditions

Before accepting any funding offer, you should carefully read and understand the terms and conditions of the agreement. You should pay attention to details such as:

     The amount and type of funding (e.g., equity or debt)

     The interest rate or valuation of your business

     The repayment schedule or exit plan

     The equity stake or control rights of the funder

     The milestones or deliverables required

     The reporting or monitoring obligations

     The penalties or consequences for non-compliance

You should also look out for any hidden fees or clauses that may affect your cash flow or decision-making power. For example, some agreements may require you to pay upfront fees or interest charges before receiving the funds. Some may also have prepayment penalties or lock-in periods that prevent you from settling early or switching to another funder.

If you have any doubts or questions about the terms and conditions of the agreement, you should consult a lawyer or an expert before signing it. You should also negotiate any terms that you are not comfortable with or that do not suit your business needs.

Make sure you meet the requirements

Finally, you should make sure that you meet the requirements of the funder and the funding option that you choose. Different funders and funding sources may have different criteria and standards for evaluating and approving your application. For example, some may require you to have a certain level of revenue, profitability, growth, or traction. Some may also require you to have a certain credit score, collateral, or guarantor.

You should also prepare the necessary documents and materials to support your application, such as:

     A business plan or pitch deck

     A financial statement or projection

     A market research or analysis

     A product demo or prototype

     A customer testimonial or feedback

     A personal resume or profile

You should also be ready to answer any questions or queries that the funder may have about your business, such as:

     What is the problem that you are solving and how big is the market opportunity?

     What is your unique value proposition and competitive advantage?

     How do you acquire and retain customers and what is your revenue model?

     What are your goals and milestones and how will you measure your success?

     What are the risks and challenges that you face and how will you overcome them?

     Why do you need the funding and how will you use it?

Getting funding for your business can be a rewarding and challenging process. It can help you turn your idea into reality, grow your business, and achieve your goals. However, it also requires careful planning, research, preparation, and execution. By following these tips and insights, you can increase your chances of finding the best funding option for your business and building a lasting relationship with your funders.

I hope this article was helpful. If you have any feedback or questions, please let me know.

Thank you for reading! 😊


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