Luis Alfredo Farache emphasizes that, when applying for credits, SMEs should overcome their fear by obtaining the right advice. This will allow them to establish a clear relationship with their banks, structuring their credit as the business grows.
Discover how visionary professional Luis Alfredo Farache, Business and Marketing Director of 100% Banco, provides key guidance for the growth of small and medium-sized enterprises in Latin America. Learn about financial strategies, credit access, and opportunities in the stock market.
Luis Alfredo Farache is a visionary professional with a distinguished career in the financial world, becoming a reference in Banking. He has designed financial instruments for entrepreneurs and successfully advised multiple companies, becoming an icon for small and medium-sized enterprises (SMEs) in terms of their growth and financial strategies.
The Business and Marketing Director of 100% Banco, Luis Alfredo Farache Benacerraf, mentions that SMEs represent a significant percentage in Latin American countries. These businesses often face issues due to a lack of knowledge in planning and the difficulty in obtaining financial consultations.
Financial Advisory, the Key to Success
According to Farache, the major weakness of SMEs lies in their fledgling administrative organization and lack of financial planning. Many entrepreneurs possess deep technical knowledge but lack administrative and financial skills. Obtaining accounting, financial, and administrative advice emerges as the best tool to overcome these obstacles and manage financial terms and conditions when dealing with banking entities.
Luis Alfredo Farache emphasizes that, when applying for credits, SMEs should overcome their fear by obtaining the right advice. This will allow them to establish a clear relationship with their banks, structuring their credit as the business grows.
Business Profitability and Stock Market
Farache suggests another strategy for business growth: listing shares on the stock market. While SMEs' access to the stock market is limited, Farache recommends the initial foray through the debt market once they reach the necessary size, organization, and administrative structure.
Finally, Farache advises small businesses to plan for the medium term when deciding to go public. This process requires careful organization and disclosure of economic and financial information.
