Like every plant needs water and sunlight to grow, every business needs financing. Starting a business or expanding an existing one requires investment, and it can often be confusing for small companies to weigh up their options. Is it time to sell a stake? As a business owner, you may struggle with the concept…
Tag: investment
Your alternative funding options
An outright stake sale might not be the best fit for your company. Here are three different paths you could take: Asset finance: A loan to pay for a particular business asset, such as a vehicle or piece of machinery. Pros Interest rates can be competitive if you are able to go through a…
What lenders want to know about your business
While getting a business loan from a bank can be painful (with reams of red tape to wade through), it’s not impossible. Here’s what banks are looking for. Motivation: Why are you in business, and what is your vision for the future? You should be able to explain this in a few short sentences.…
Why angel investors can be a godsend
If you run an innovative company offering the world something new, a partnership with an angel could be right for you. Angel investors are a great match for fast-growing businesses who want funding and are willing to hand over a slice of equity. In most cases, there are no collateral obligations to angel investors…
Time to grow? A guide to attracting investors
If you don’t have the working capital to invest in significant expansion, it might be time to consider bringing investors on board. Pitching to raise funding can be a nerve-racking experience, so here are some tips to impress: Investors need to see evidence of an opportunity before they’ll part with their time and money. One…
Six financial myths busted
Those long-held beliefs holding you back from financial freedom need to be dispelled. Take a closer look at budgeting and money management. Myth: I need a credit card for emergencies. Reality Check: Someone who just lost their job won’t be able to pay rent or their mortgage with a credit card. That’s why having an…
Residential investment property: what you can claim for
If you’ve invested in residential property, you may be scratching your head over whether recent tax changes affect you. If you borrowed to acquire residential property before March 27, 2021, interest deductions will be phased out over the next three years. If you bought on or after March 27, 2021, you won’t be allowed…