Alison Bradley shares her top tips – Funding a Small Business
Alison Bradley, Managing Director at Central Finance was recently asked to share her top tips on Funding a Small Business for a well read SME Blog via Instant Offices.
1) Demonstrate Commitment to the Business
When borrowing money to expand or start a business, be sure to demonstrate your commitment to the business. For example, what are you willing to risk? What is your contribution to the business proposal? Is it a business or a personal contribution? More importantly – make sure your own personal finances are in order.
2) Have a Great Business Plan
Obviously some businesses have defects – poor profits, a weak balance sheet, or a lack of security. If the business has the potential for growth, then these defects can be overcome with a good business plan and professional advice on the matter of finance.
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