What is the best way to fund the expansion of my business? Chances are, if your business is at all successful, you are going to confront that question. At some point, you’ll need a larger space, more computers, more sophisticated software, and more equipment. You’ll have to buy raw materials, build your inventory and hire additional people. You’ll need to
invest in continual training and developing your people.
All of this requires an upfront investment of money, invested with the hope of it bringing a return and growing your business’s size, profitability and impact. And, of course, that investment is made with the risk that it may never work out the way you’re planning.
So, you’ve prayed about it. You’ve run the numbers, considered all the alternatives, and you’ve come up with a set of conclusions:
1. You should grow your business.
2. This is the time and opportunity to take the next step.
3. It requires more money than you have.