1. If you intend to use the funds raised for a long time (for example, purchase of property), then you must match funding from a source that will last the same length (for example, mortgages)
2. Aim to improve the sources of funding in a balanced way using a combination of corporate finance suppliers, reduce risk and avoid compromising the long-term viability of the company
Your business plan (and your performance in progress) will help you determine the amount of funding you need, and where it should be applied.
It is important to look at your financial forecasts and decide whether you have sufficient resources, or if you need to collect more. Do not forget to build in the event of unforeseen circumstances.
If you decide you need more funding, start looking well in advance. This not only gives the impression that you are in control and organized (because you are!) It avoids stress and, ultimately, loss of control if the company in difficulty to obtain.
It is also possible for your company to adequate funding, but be in difficulty because of poor short-term access to cash.
2. Aim to improve the sources of funding in a balanced way using a combination of corporate finance suppliers, reduce risk and avoid compromising the long-term viability of the company
Your business plan (and your performance in progress) will help you determine the amount of funding you need, and where it should be applied.
It is important to look at your financial forecasts and decide whether you have sufficient resources, or if you need to collect more. Do not forget to build in the event of unforeseen circumstances.
If you decide you need more funding, start looking well in advance. This not only gives the impression that you are in control and organized (because you are!) It avoids stress and, ultimately, loss of control if the company in difficulty to obtain.
It is also possible for your company to adequate funding, but be in difficulty because of poor short-term access to cash.
