Aug 18, 2022
What are some of the alternatives to small business financing? Stephen Sacks comes on the show to talk about some of the alternative methods for funding your business; luckily, there are many you can take advantage of if you’re willing to look. In the UK, there is £200bn in business and startup grants that is waiting to be allocated to companies. Tune in to this episode for advice from Stephen, and to learn how you can better fund your business.
-In business, it’s all about cash flow. Sometimes you have to arrange financing/equity in other ways, and there is a whole world of financial sources to master
-It’s good to surround yourself with people who are going to be honest with you and tell you the situation as it is
-It’s important to acknowledge what you don’t know, and take it upon yourself to learn or find someone who is an expert
-Stephen proposes a method for businesses to retain all of their equity and maintain ownership of business