Get Funding to Expand and Grow
Building the Next Phase of Success
It all began with an idea, you launched the business. Get it up and running now you are looking to expand. Money it tight, you are making sales but you need a little extra help. Excellent here’s what to do. Make a plan for the money you need.
How much you will need
What you will use it for
Outline the plan of how the money will be used
Get support lined up to help you stay on track. Put it on paper.
set up your Tradeshow schedule map out the details create a budget outline for this activity, be sure to include cost to carry out produce purchase order commitments.
If you are in hospitality (restaurant, hotel, resort, theme event, airline, salon/spa) be sure to include budgets for public relations, publicity set up and execution and any additional advertising of brand messaging. Here you want to tell your story as a summary-pitch who you will reach how it fits and what is needed. Keep it short and get help to refine copy. If you read the words back and don’t hear your own voice in your head, that’s a good sign you still have more work to do. A little practice and 3 time you will notice how smooth it becomes.
Make the budget and include the budget you need to pay for help. If you are wonder what is a budget and think it is something you need an accountant for stop, slow down take a deep breath and relax. The Budget is a simple list of what you need to do with the money and how much each task will cost. Streamline it in to short simple language statements. No need to over analyze this process.
Now put that in a spread sheet or outline. This means just list it in a document or in a tablet if you like. The most important thing is to have it outline on paper or in computer not in your head.
Next you will outline who you will reach out to and create the dialogue (script of what you want to say) You will need to speak fluently and with confidence. Practice with someone who will be honest with you yet positive and encouraging.
Reach out and connect with Funding Designer, Investor Relations or a fund Service that will lend you the funds. be sure to ask for speed, and unsecured funding program and any rewards for fast payback. If you are going to be in Trade event where you will be part of a show feature or panel in that industry trade show be sure to you are able to get the funds in time to allow for the smooth interface set up and any sample or promotional materials that will be needed.
Inquire about flexible terms and usage of the funds to insure you can us any programs, activities and business elements including the expansion activity and not just for the equipment.
most important is a plan to acquire the funding you will need to get the business. Set up who you will reach out to, and know up front if they will answer inquires swiftly or if they will lag and there for put your sale generations at risk for timing that may miss the mark.
Don’t worry about sounding overly professional. You will be professional just because you have cover the 12 steps in details and are ready to engage. Our expertise show there are business lenders willing to support you that have lent to small businesses to the tune of 15 billion in the last 12 years and have the ability to lend up to $1,000,000 in unsecured business, are flexible enough to work with unique circumstances and who more at the speed of new business trends. Your willingness to share your organized plan of action and story of why it is important is what’s going to separate your offer from the rest. Some may say only the number are important however at the end of the day lender desire to support those who have a desire to succeed and has a worth while contribution to society.
Be clear, be confident and don’t overthink it. The beauty of your journey is that it’s going to continue to evolve and you can evolve with it. Your goal should be to make it feel right for right now. Later will take care of itself. It always does.
