Allon Raiz, CEO at Raiz Corp says it is better for government should be investing in ten-man bands rather than one-man bands. At the moment government is focusing on smaller businesses and start ups, but Raiz says there is more to gain from investing in bigger operations.
The one person band is not the right place, from a return point of view.— Allon Raiz, CEO at Raiz Corp
From a long term strategic point of view, it's important that some money goes there to maybe facilitate as they participate as entrepreneurs. But in terms of the real support, if funding is limited (which we know it is) then it is the wrong place to be focusing.— Allon Raiz, CEO at Raiz Corp
Ten person band, just as a number, be it 9 or 12, but around that number is the right place to be supporting small businesses.— Allon Raiz, CEO at Raiz Corp
Raiz says that there are many factors as to why the 10 person business is a better investment.
Once you reach the 10 person size - that generally takes time. And time is a wonderful thing to determine character, because if you are going to be supporting in small businesses, you want to know that the entrepreneur has the right character to scale that business.— Allon Raiz, CEO at Raiz Corp
Getting to a point where it is a is a 10 person operation means that there's tenacity and they have already overcome some challenges. So there is already some kind of proof that you are backing the right jockey.— Allon Raiz, CEO at Raiz Corp
For more detail; listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
In the personal finance feature, certified financial planner Paul Roelofse chats about the work it takes to invest on your own.
Bruce Whitfield asks Financial Advisor Warren Ingram for advice on retirement investing in a post-Zuma South Africa.
Govt will spend R57 billion on providing free higher education for an estimated 1.1 million students over the next three years.
The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.
Are you a victim of reckless borrowing? This could have serious implications on your financial future.
The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.
ANC Tshwane spokesperson Bafuze Yabo gives details of their planned action against the City of Tshwane.
Investigative journalist and author Jacques Pauw shares his thoughts on 'The Lost Boys of Bird Island' book.
Khabazela shares tweets & videos that have gone viral including a parrot that told firefighters the F-word during its rescue.
Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.