Growing a business can be stressful, especially when you don’t have the capital required to finance your expansion. Worse still is the pressure that comes from cashflow restrictions and the difficulty getting funding from traditional sources when things have already taken a turn for the worse.
The great news is that there are some alternative solutions you may not have heard of that can get you out of a sticky cashflow spot, fund your next project so you can take on that new client or simply provide you with the confidence to grow your team and market your business to climb to the next level.
Andrew Allen, the Head of Operations at FIFO Capital, joins us to chat about:
- alternatives to using the ‘big banks’ to fund your business expansion
- the difference between debtor finance, invoice finance and factoring
- traps when considering some of these options, and
- simple tips to avoid needing funding in the first place!
PLUS! If you’re a Tradies Business Toolkit member, Andrew shares FIFO Capital’s 7 Tips For Improving Cashflow in the extended interview, exclusive to you.