- Paying for signing on fees for new office space
- Paying for office space rent
- Paying for new intern expenses
- Paying intern stipends
- Not a whole lot
I have been spending a lot recently for my small business because I am trying to attract bigger clients and make more money down the line.
The overdraft deadline is looming over my head at the moment and I know it is something I have to work hard to sort out, which is what I am trying to do by finding more clients. One of the most important aspects of doing marketing is having an office in Dar-es-Salaam; people are not convinced by companies who work from home.
I know I did the right thing by getting this office, even though it has definitely cleaned me out for the next while. I had 3 meetings with a boutique pan-African bank and a bank in Tanzania, and in the meetings here, all I heard was do you have an office & where is it, it was a total relief to be able to have somewhere to welcome clients.
The rent is cheap but again, I need to really generate cash now so I can finally fix this debt situation I am in with the overdraft.
Wish me luck!