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jimmy13
Joined:
14 Jan 2010
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12
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Posted: Fri Jan 15, 2010 7:06 am
Post subject: Finance Options to grow your business
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Hello Friends.......
It takes money to make money. While every small business needs capital to get started, seeking additional business finance can be a crucial step in building and growing your small business to take it to the next level. Before you seek additional finance to grow your small business, it’s important to know the finance options available to you.
* Identify the purpose of funds
What will you use the business finance for? Identify the purpose of the funds sought might involve conducting some preliminary market research to determine, for example, wether there is demand for increased supply or production of your goods or services.
* Identify a finance amount
Make a realistic estimate of how much business finance you require.
* Identify business objectives
Set clear growth and profit objectives for the new ventures that will be funded by the additional finance you’re seeking. Update your business plan accordingly.
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stepheny
Joined:
19 Jan 2010
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U.K.
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Posted: Tue Jan 19, 2010 12:01 pm
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Hello
It takes money to make money. While every small business needs capital to get started, seeking additional business finance can be a crucial step in building and growing your small business to take it to the next level. Before you seek additional finance to grow your small business, it’s important to know the finance options available to you.
Why do you need finance for your business?
When looking to source additional finance to expand your small business, it’s important to identify why you need the additional funds.
Business finance is often used to invest in capital or acquire new assets that will enable your business achieve your business and profit objectives.
Things to consider when identifying the purpose of business finance:
* Do I need additional funds to increase the production or service capacity of my business.
e.g. By purchase capital items such as equipment, buildings, machinery or motor vehicles.
* Do I need additional funds to fulfill an increased demand for my products and/or services.
e.g. by increasing trading stock, supplies or staff?
* Do I need additional funds to expand distribution or develop new markets.
e.g. By developing an e-commerce website or hiring new business development and sales staff.
* Do I need additional funds for research and development.
e.g. To market research, develop and test a new product line.
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carl12
Joined:
13 Jan 2010
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11
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UK
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Posted: Wed Jan 27, 2010 12:57 pm
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That's a Great Information Mates Which You Have shared here With us,I Found It Really Useful For Myself
Keep Sharing
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Miles
Joined:
10 Nov 2005
Posts:
58
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Posted: Wed Jan 27, 2010 6:43 pm
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I disagree! I believe that the "It takes money to make money" thought is a limiting belief.
I have made tens of thousands of dollars over the last few years with under a $500 lifetime investment...
Try this thought instead...
Money comes easily and frequently to me!
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everlasting
Joined:
31 Jan 2010
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4
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Posted: Sun Jan 31, 2010 6:46 am
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I agree, that is a limiting belief.
How many multi millionaires started with nothing!@ |
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micah01
Joined:
14 Mar 2010
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Posted: Sun Mar 14, 2010 4:50 am
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It is hard for me to grow my business if some of my product are not sale, although I do advertising but it is not enough.
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Morris Robin
Joined:
22 Feb 2010
Posts:
13
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Posted: Tue Mar 16, 2010 5:23 am
Post subject: RE :How to Earn More
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| All is right and i agree with you. But i am not understand why we need additional finance. When we are start small business than we know that this activity start with small finance. |
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altondelmote
Joined:
02 Dec 2010
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1
Location:
USA
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Posted: Thu Dec 02, 2010 8:52 am
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Thanks for very good info on Finance Options to grow your business that will be so vaulable and helpful. One can easily get more important how to get money by using money.
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CreolaRacioppo
Joined:
12 Sep 2011
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1
Location:
United Kingdom
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Posted: Mon Sep 12, 2011 7:04 am
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The financing process is quite critical but if you really aim to manage it well then you can get the right number amount of money. It's like a growing business that needs to be focus or else it will drop. Financing service is quite similar to a money transfer process.
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