PwC MSME Survey 2020
Case study: Vestar Coffee (2/2)
"We have had to
enhance our relationship
with government
agencies by engaging
consultants or by direct
engagement with
regulatory
representatives..."
Major Setbacks
Multiplicity of taxes and Regulatory Agencies, Employee
Turnover or Competence and Access to Funding. These
major challenges have restricted our ability to accelerate our
growth with the unorthodox approach of government officials
in demanding for official/unofficial levies as a business risk.
Also, our continuous need to train/retrain personnel due to
quality concerns, and the high rate of staff turnover, are
limiting factors in opening additional stores.
In addition, the lack of debt funding from local financial
institutions for SMEs/sophistication of local investors are
limiting funds for investments to achieve growth objectives.
We have had to enhance our relationship with government
agencies by engaging consultants or by direct engagement
with regulatory representatives.
On employee welfare, we have introduced incentives, in terms
of bonuses and growth opportunities to reduce turnover of
employees and to attract funding.
We are also working to become a more visible brand to enable
us tell a more compelling story to investors and the investing
public.
PwC MSME Survey 2020
PwC
June 2020
32View entire presentation