Chapter 5
Funding Expansion
IN THIS CHAPTER
Working within the new normal after accepting investment
Looking at future rounds of investment
Going public with your company
Exploring alternative sources of finance
Exploring the challenger bank option
Getting your business up and running and funded in the early stages can be hard work, and keeping that momentum going so that you achieve your growth goals and milestones is even harder work. If you’ve taken on equity, you have more people involved in your business, all demanding your time and business information on a regular basis.
When the economy is good, your growth seems easier, and all forms of finance are generally more plentiful and easier to acquire. When times are tough, though, your business skills and prudent financial management will be tested. Even during the Covid-19 pandemic, small businesses needed and – despite anecdotal evidence to the contrary – were able to access money. A British Business Bank report on Small Business ...
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