Growing a Business

What Do You Need to Grow?

'The way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two words: industry and frugality - that is, waste neither time nor money, but make the best use of both.'
Benjamin Franklin

You might already have a strong company with a history of steady growth. Or you might be a start-up with ideas but no track record.

Whatever your background, you may find yourself with the prospect of rapid growth - but also the risk that your opportunities may outweigh your current resources. Now you must choose how to manage your growth without endangering your company. Because either you grow, or someone else takes your business from you.

You need a solid financial strategy. Before now, you have probably been using the support of a bank or other financial partner to achieve your initial goals. But this might only give you short-term support, which comes with the added restriction of interest payments that drag on your cash flow.

Serious growth will require additional capital that you can rely upon over the long term. This equity finance or venture capital could give your company a stable capital structure to be able to act upon your business plans.

By finding a new source of finance, you can limit your dependence on a bank and gain more flexibility. Choosing the right venture capital partner could give you the freedom to achieve your goals.