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.
Now, you are faced with the decision. How do you fund it? Where does the money come from?
There is an answer out there in the compendium of worldly wisdom. Depending on the size of your business the conventional wisdom says that you go to the bank and borrow the money.
Does that knee-jerk reaction, and off-the-cuff advice hold true for a Christian business?...CLICK HERE TO READ FULL ARTICLE.
