· By Jordan West
Ep 294: Funding Options for Growth With Jordan West
Growing your business requires a lot of capital, and when you reach the point at which you can’t finance your growth alone anymore, you need to consider funding options.
In this episode, Jordan West walks us through different funding options that can help your business to be able to grow efficiently.
Listen up and get ready to get those funds!
KEY TAKEAWAYS FROM THIS EPISODE
- Along with scaling, comes the need for cash.
- Go to your supplier and ask for longer or better terms.
- The best kind of funding is a line of credit.
- Another great funding mechanism is a long-term loan to cover your inventory.
- Revenue-based financing options are good if you are fairly new and you do not have the extent of credit history.
- You can also give up equity in your company for cash to be able to grow.
- Generally, you can have a bit more of a generous valuation in crowdfunding.
- Another option is VC money or venture capital money.
- Private equity can have massive strings attached to them.
Book quick wins appointment here:
https://www.mindfulmarketing.co/quickwins
Connect with Jordan here:
LinkedIn: https://www.linkedin.com/in/jordan-west-marketer/
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We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here:
https://mindfulmarketing.co/growthplan-apply
If you've been paying attention and your brand is ready to GROW, apply now to be the one new brand we take on this month!
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In this episode's sponsor is Revenued - is a financial technology company that provides businesses with revenue-based financing solutions. Instead of relying on credit scores or collateral, Revenued offers funding based on a company's revenue. This allows businesses to access capital quickly and repay it as they generate income.
Learn more here: Revenued