Your current business model is the way your business earns money. A change in your business model can bring substantially more income—sometimes for less work and lower overhead costs.
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Your current business model is the way your business earns money. A change in your business model can bring substantially more income—sometimes for less work and lower overhead costs.
Building a cash reserve when finances are tight, however, can be difficult. You need money to continue running your business but, if at all possible, you want to keep your reserve account healthy.
Before you jump into researching the different sources of capital that are available, first consider the alternatives. It could be that, depending on what your growth goals are, you do not actually need extra capital, you just need to be thinking a bit more creatively.