Category Archives: Small Business

Signs that your Business may Need External Funding

Signs that your Business may Need External Funding

External funding or investment is required in a company during its growing stage. After it is well established and goes to a sublime position, the funding can also be shifted to internal sources. A capital investor needs to realize the potentiality of the product made and then decides about external funding. When a business is set up, the question arises of when to receive external funding. We will be discussing the signs of when your business needs external funding.

  1. When you know your product

Confidence is the key to business. Know your product and its utility to people. When the purpose of your business is clear go for external funding. Investors look for a well-framed business plan and how much the product can deliver. The product should be appealing to the people who should be benefited through it according to the purpose they serve.

  1. Presence of a good team and a well-planned business strategy

Business is just not about making your product but having a reliable team who are comfortable with the business and is innovative when it comes to their work. Also, a well-furnished business strategy is required. This strategy works as a protocol for the team which needs to be followed. If you are confident and ready to take the risk, seek for external funding.
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How to Fund your Business for an Expansion?

How to Fund your Business for an Expansion?

Starting your own business is a big task, but funding your business is a bigger task. Most of the business loses its identity in the first year of establishment. You may start up your business with some unique ideas and efforts, but the main problem is the investment that it demands for business expansion. The… Continue Reading

Money Management Tips for Small Business Owners

Money Management Tips for Small Business Owners

Money management is a technique which businesses employ to keep track of the cash that comes in or goes out of the business. With efficient money management tips, small businesses can cut down on unnecessary expenses and hence, more revenue is accrued by the enterprise. Creating a cash flow budget All the incomes, expenditures, and… Continue Reading

10 Reasons Why Staying Updated with the News is Necessary for a Businessman Today

10 Reasons Why Staying Updated with the News is Necessary for a Businessman Today

Gone are the times when running a business meant owning a store in your town market and selling goods on credit system to your loyal customers. Business today is more complex than ever before. First things first, capital is not everything is business anymore. There used to be a time when money was the key… Continue Reading