This section covers small-business philosophy, stories, anecdotes and other items which should be of interest to you, the small-business owner.
Why did I call it “Business Funding Confidential?” The word “confidential” refers to secrecy, and has an air of mystery to it. Over the decades I’ve noticed that certain subjects and ways of proceeding have certainly been secrets/mysteries to small-business owners, and that’s the pity of it, for so many principles and precepts should be an integral part of the thinking and ways of proceeding for small-business owners.
So take a gander, and if you already know what I’m talking about, more power to you. But if what I cover gives you some insights and ways to improve what you’re doing, great!
When most of us think of the best funding source for a business, we think of third-party funding, i.e. loans, investments, grants, crowd funding. But the real truth is about the business performance itself.
The Key to Success: Business Profitability
If a business is profitable, it has the chance to retain its profits, those retained profits otherwise known as “Retained Earnings.”
If a business owner can keep the profits in the business, and not lessen the profits through excessive personal draws or through unnecessary business expenses, the business can, up to a point, fund itself.
The reason we say “up to a point” is that any business may at some time or other need to fund growth or acquire assets that the business profit and cash flow themselves cannot accommodate.
Confidential Business Tips
How to Take Advantage of Self-Funding
A business that self-funds does not have to rely on third parties for loans, investments, grants, crowd funding. This self-reliance gives the business owner greater control of her expenses (fewer loans with the attendant payments), greater control of ownership (no or fewer investors) and greater flexibility (by not having to qualify under and follow the rules of grant and crowd-funding sources).
When To Turn To The Experts:
The Business Funding Whisperer’s Greatest Benefit
The Business Funding Whisperer can certainly aid the business owner in obtaining needed funding from third parties, but possibly the greatest benefit the Business Funding Whisperer can provide, ironically, is guidance to the business owner that lessens, or even eliminates, the need for third-party funding.
This guidance comes in the form of analyzing the business model and determining if the business and the business owner can gain improvements in performance.
Take the Next Step
Whether you need third-party funding or are seeking improvements in how to increase your business profitability and to retain more earnings, please call me at (971) 998-7289 or e-mail me at email@example.com.