Is your small business starting to look more like a medium-sized one? If so, it’s probably time to think about expanding. The question most owners face when this important time arrives is where do you get the capital to grow the organization?
Fortunately, there are numerous ways to go, but it helps to be creative when traditional resources like bank loans are not an option. For so many owners, the answer includes one or more unorthodox strategies, like turning accounts receivable into ready cash, selling a life insurance policy via a life settlement, forming partnerships with other companies, applying for Small Business Administration micro-loans, or going public.…Continue reading