A LOT of work goes into expanding your business, including proper planning.
Trevor Nkuna, cash flow specialist at Transaction Capital Business Solutions, said financial support, sound advice and outsourcing of some of your core business functions were some of the things needed.
“In today’s tough and more competitive business environment, optimising your working capital to ensure bottom line growth and a cash flush business is important,” he said.
He said cash flow was the lifeblood of any business, especially small and medium businesses.
“You don’t have lots of cash to fall back on when times get tough or when debtors don’t pay, and what about expanding and growing? Where does the funding for this come from?”
Good news, today, is that not only banks give funding. There are other ways to raise money.
All business owners must do is look for the right funder and identify the best solutions for them.
In Mzansi, businesses leverage their assets to secure fast and flexible credit.
If your business qualifies for finance, there are many advantages that property-backed lending provides, including:
- Improved liquidity.
- Higher levels of flexibility.
- Ease of compliance with regulations.
- Stepping stone to other products through building a trust relationship with your provider.
