Where should government invest with small businesses?
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.
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