EPISODE 69 : Funding options for small business

It's been said that "money isn't everything, but everything needs money"  Ain't that the truth when it comes to running a business!. 

Unless you have the balance sheet of Tesla or Microsoft, the idea of accessing funding for your business has probably crossed your mind once or twice.

At some stage you may need to make a choice, so it’s worth doing your homework when looking at the various financing options available for small businesses, and in what situation they may be appropriate.

In this episode, we explore the 3 main types of business finance available and what they each mean for your business structure and funding needs.

Some key points made throughout the episode;

[2:43] What is Debt Finance and what is it characterised by?

[3:48] Biggest upside to Debt Finance

[5:50] Qualifying for Debt Finance

[6:59] What is Equity Finance?

[8:23] Type os Equity Finance

[9:43] Retained Profits

[10:29] Other funding types

 

If you are exploring funding options for your business, perhaps you'd like to consider my Small Business Cashflow Course, that works through the management of cash for business in step by step detail and explores various strategies to make this easier on business owners to manage and therefore alleviate the stress that cash funding can create.

My next intake will be mid year, but you can join the waitlist at Small Business Cashflow Course Waitlist

 

Other cashflow resources that may be of interest

• FREE 30 day cashflow challenge 
• FREE PDF : 3 Things you can do daily to improve your cashflow