Key Note Article

Growing Your Business: 7 Finance Success Factors

Have you got ambitious growth plans but you’re not sure how to get the finance?

Many business owners find themselves stuck when it comes to raising finance, especially if you are so busy ‘doing the doing’, that you don’t get time to pause for breath, to reflect, plan and take action.

Having a growth plan is great, but growth typically needs finance to make it all work.

Here are seven key finance success factors to help your business succeed.

Have a Clear Vision

When raising finance, the foundation success factor is knowing where you want to go; it’s the old adage of ‘if you don’t know where you are going, how are you going to get there? Read more .......

Prepare a Business Plan

Even if you’re not approaching a bank for finance it’s wise to have a Plan in place which summarises your thought process. Read more ..........

Source the Right Finance Solution

With your Plan in place you’re ready to approach your bank but don’t forget that there are other finance options. Read more ......

Seek Out Advice and Support

Running a business can be a lonely experience. It’s impossible to know everything, so surround yourself with the right people and be willing to seek other’s opinions and ideas. Read more .......

Keep Records and Monitor Progress

To sustain your vision and to keep to your financial obligations you must track your progress, or perhaps it may be lack of progress!  Read more ......

Manage Your Cashflow

Cashflow is the beating heart of your business. Manage your cashflow poorly and no matter how profitable you are you can quickly find yourself battling irate calls from your suppliers.Read more ...

It’s All About…

If you’re committed to growing your business, go through each of the six financial success factors, which leads us on to the last one… taking action.  Read more .......