3 THINGS YOU MUST DO BEFORE APPLYING FOR BUSINESS FINANCE Funding and Business Growth Playbook T: 0330 350 3356 @: hello@GrowingYourNumbers.com www: growingyournumbers.com
If you know what you are doing this is relatively easy to achieve. To stack the odds in your favour, let’s explore each of the above in more detail, but before we dive in, a bit more about the overall goal of this guide / Playbook.
Most businesses are run by hard working, passionate entrepreneurs, who are great at what they do, but all too frequently, learning ‘how to run a business’ is something you picked up from the school of hard knocks.
Example: A doctor is trained to treat patients, not how to run the hospital. A lawyer is trained in matters legal, not how to run a business, even if the business happens to be a legal practice. A tradesman is trained to carry out their trade, not how to run a building company, the list goes on …
If you have not been educated in how a well-run business with sound financial management works, you are unlikely to have robust financial controls. No-one will have explained what a robust funding proposal should include. When time is your most precious resource, where do you go for help? This Playbook addresses all the above, and much more, but let’s start with the topic of the day, the need to get your hands on more cash, or as accountants and bankers describe it, how to improve ‘liquidity / Working C apital’.
Funding and Business Growth Playbook ^N0 V1.1 (GYN FO).docx | Confidential
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