Much, probably too much, has been written about financing growing businesses. In fact the approach is quite simple:
- If you need working capital you borrow;
- If you need to expand the business before the revenues expand, you get equity investment;
- If you need more equipment, you get it on hire purchase or lease it.
The questions then arise – how much do I need and what terms can I get? We have answered them many times and on one occasion we obtained funding for an internet television project on terms which were a lot better than management had expected.
If you’d like a fuller explanation of our approach please click here to download our free guide.
If you’re a start-up business, or just want to see a simple profit and cashflow forecast in action, then download our Corporate Cashflow Calculator, input your projected sales, all the different costs and when you expect to pay and get paid, to get an indication of the cash requirement.