The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100%...
Transcript of The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100%...
![Page 1: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/1.jpg)
The Small Business Money Story
![Page 2: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/2.jpg)
Where Are We in the Conversation?
![Page 3: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/3.jpg)
“Banks are 100% into operating their business and 0% into growing their
business.” Telly V. Onu – FinTech Entrepreneur – St Kitts/Nevis
![Page 4: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/4.jpg)
Location in the Region Neither a Barrier or Blessing for Making Money Online.
![Page 5: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/5.jpg)
6 out of 14 Believe Better Payment Systems will Only Allow them to
Make an Additional US$500/month
![Page 6: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/6.jpg)
Where are clients located?
•In same country – 66.67% - 20
•Other Caribbean Islands – 23.33% - 7
•US – 3.33% - 1
•UK – 6.67% - 2
![Page 7: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/7.jpg)
Paying for goods and services online
Via PayPal 10.00% - 3
Via Moneygram or Western Union 0.00% - 0
Via Wire Transfer 3.33% - 1
My Credit Card 73.33% - 22
A Friend/Relative's Credit Card 13.33% - 4
Total 30
![Page 8: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/8.jpg)
Collecting Payments
Via Pay Pal 23.33% - 7
Via Western Union or Moneygram 20.00% - 6
Via Wire Transfer 30.00% - 9
Digital Currency 3.33% - 1
Someone collects the cash for me. 23.33% - 7
Total 30
![Page 9: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/9.jpg)
New Funding Solutions
Looking outside the traditional banking
system.
![Page 10: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/10.jpg)
New Funding Solutions
![Page 11: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/11.jpg)
Changing Our Vocabulary and Actions
• What is FinTech?
• What is crowdfunding?
• What are digital currencies?
![Page 12: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/12.jpg)
Innovating the Next
• Shifting from survivalist entrepreneurship to opportunity entrepreneurship
• Developing a growth mindset
• Better and more efficient payment solutions
• Banks that serve small business
• More engagement with the global marketplace
• Eliminate/reduce aversion to risk
• Fintech conversation in less formal circles
![Page 13: The Small Business Money Story · Money Story . Where Are We in the Conversation? “Banks are 100% into operating their business and 0% into growing their ... Via PayPal 10.00% -](https://reader036.fdocuments.in/reader036/viewer/2022071116/5ffc99d83efdf972ca6fdcbb/html5/thumbnails/13.jpg)
Let’s Keep in Touch
Nerissa Golden
Author, Media Strategist & Business Coach
Twitter @trulynerissa /@trulygolden
Instagram @trulycaribbean | nerissa_golden
Facebook – Nerissa.Golden | trulygoldenmedia
Email: [email protected]
Web: www.nerissagolden.com | www.goldenmedia.co