In the first of our regular series of growth conversations on Twitter we asked our followers and contacts for their tips on overcoming funding issues in a growing business.
We've collected together some of the best responses, tips and advice below:
@BoostInfo Keeping tabs on cash flow is critical for growing businesses, and over trading should be avoided.
— Harrison Drury (@HDSolicitors) February 19, 2014
@BoostInfo review your plan and see if it can be staged, concentrate on the bits that will provide quickest returns to fund next stage
— Norman Tenray (@NormanTenray) February 19, 2014
@BoostInfo don't be afraid to talk to different funders - a conversation could lead to great things for your business #growthconversation
— The North West Fund (@nwfund) February 20, 2014
@BoostInfo Funders expect you to know your business plan inside out – so make sure you do your homework!
— Moore and Smalley (@MooreandSmalley) February 20, 2014
@BoostInfo Get advice from a third party to review and help you with the plan, cash flow and presentation Funders think differently!
— Norman Tenray (@NormanTenray) February 19, 2014
@BoostInfo Generate more sales, speak to a variety of funders, have clear budgets & forecasts, don't surprise the bank manager with bad news
— John Leach (@JohnLeachWP) February 20, 2014
@BoostInfo making sure that your business and marketing plan is spot on helps alot! #growthconversation
— Howdan Marketing (@howdanmarketing) February 21, 2014
@BoostInfo Effective credit control systems can be a great way to manage cash flow. Debts can also be used to raise working capital
— Harrison Drury (@HDSolicitors) February 19, 2014
@BoostInfo businesses can also find some funding tips on our blog... https://t.co/oGQj3t4qvW #growthconversation
— The North West Fund (@nwfund) February 20, 2014
Thank you to everyone who took part this time. The next growth conversation starts on Wednesday 26th February and the topic is:
What's the most important quality for a growing business leader?
To get involved follow Boost on Twitter or search for the hashtag #growthconversation.
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