Understanding how to effectively navigate credit and manage risk is not just beneficial – it's crucial for the survival and growth of your Small and Medium Enterprise (SME). Are you wondering why funding applications get rejected? Do you want to move beyond just surviving to truly thriving? This webinar is designed to give you the clarity and actionable strategies you need.
Join us for an insightful session led by
Molobeng Serame, a highly qualified Chartered Accountant with a Master's in Development Finance. As a seasoned Credit Executive focusing on SME and Corporate Lending, and a Non-Executive Board Member and Audit and Risk Committee Chairperson, Molobeng brings a wealth of practical experience to the table.
Why This Webinar is a Must-Watch for Every SME Owner
This isn't just theory; it's about practical tools and insights to help your business flourish. Our agenda is packed with critical topics:
- Understanding Risk in a VUCA World: We'll explore the various types of risks – Economic, Social/Cultural, Technology, Environmental, Legal, and Political – that can impact your business and how to anticipate them.
- Deciphering Credit Risk: Get a comprehensive understanding of what credit risk truly means for your business.
- The 5 Cs of Credit: Learn the essential framework lenders use to assess your creditworthiness: Character, Capacity, Capital, Collateral, and Conditions. This includes understanding your payment history, current balances, credit limits, account status, and even who has requested to see your credit report.
- "Skin in the Game" - Own Contribution (Capital): Discover why your capital contribution is vital and signals your commitment to lenders.
- Capacity – Can You Afford the Debt?: Dive into understanding your gross profit vs. net profit, fixed vs. variable costs, and cash available to service debt. We'll analyze if your debt is truly sustainable.
- Collateral & Conditions: Understand the role of assets like property, investments, debtors, and inventory as collateral. Learn how external factors like interest rates and industry trends can influence a lender's decision.
- Tools to Manage Risk: Equip yourself with proactive strategies like understanding profit drivers, scenario planning, stress-testing, and diversification to manage risk effectively. Be proactive – Plan, Plan, Plan!
Key Takeaways
- Gain invaluable insights into what lenders look for, helping you to better prepare your funding applications.
- Learn how to identify and mitigate various business risks before they impact your bottom line.
- Understand your financial data better – from profit drivers to cash available for debt servicing.
- Develop a proactive mindset towards financial planning and risk management.
This webinar offers practical advice and solutions for navigating the complexities of funding and risk. Don't miss this opportunity to empower your SME with the financial knowledge it needs to succeed.