Posts

Showing posts with the label Mags Ponnan

10 reasons why SMEs should join business accelerators

Image
Mags Ponnan Despite the rapid growth of business accelerators, small business owners are still reluctant to take advantage of these initiatives due to a lack of knowledge and understanding of how impactful the right guidance and support can be for their business. Mags Ponnan, Head of Customer Value Propositions at FNB Business says in order for the country to create jobs and maintain sustainable economic growth, support should be provided to SMEs that often face leadership, operational and strategic challenges. “However, entrepreneurs that are eager to take their businesses to the next level should be cautious when enrolling in business accelerators as many of these programmes may be unique, sector specific and have different goals and objectives,” says Ponnan as he shares ten reasons why SMEs should consider joining business accelerators.  Mentorship – being a good entrepreneur alone is not enough to successfully expand a business. Entrepreneurs need to acquire certain...