Establish a solid financial base
Before you look at your funding options, you’ll need to make sure you’re setting off from a solid financial base. This will help you to manage the day-to-day running of your business, overcome any challenges and take advantage of growth opportunities when they arise.
To establish a solid base, you’ll need to put in place a process that delivers strategic reports, budgets and cashflow projections. With this information, you’ll be able to make decisions when it comes to financing expansion plans, buying new equipment or developing in new markets.