How Much Financing Do You Need for Your Business? Here's How to Determine That
Channel: The Resourceful CEO
Date: 2021-02-17

Many small and medium businesses (SMBs) that have approached me in the past to serve as Interim CFO (Chief Financial Officer) – when I was providing such services through a previous company – to locate business funding typically had no idea how much money they needed. These small business owners would put forth a number but could not explain how they arrived at that number i.e., they were very, very vague. Essentially, these owners or executive team members guessed, made an educated guess or used broad-based estimates based on zero quantitative analysis.

How much financing does your business need? Let's consider this from the investor or lender’s perspective.

If you don’t know what you really need and why, you will find it very difficult to obtain the financing. If you don’t know the answers to these questions, you will lose credibility. The questions are: How much do you need now? How much do you need later?....

For more information, check out the actual written blog post at https://theresourcefulceo.com/2016/12/how-much-financing-does-your-business-need/

For actual business financing sources and a how-to for your small business, you can buy autographed books or an e-course at https://www.financeyourcompany.contentshelf.com . 

Or you can buy The Funding Is Out There! Access the Cash You Need to Impact Your Business on Amazon or Barnes & Noble.

Want to discuss your business funding needs? Schedule a FREE 20-minute consultation at https://theresourcefulceo.com/schedule .

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