Whatever your business, whether it’s commercial or a charity or not-for-profit, if you grow significantly there will be major implications on how you fund the growth and manage the cash.
VIstage Speaker, Jo Haigh, puts it like this: “You can trade profitably for ages, but you can only ever run out of cash once.”
James Nicholson-Smith, Director, FD Centre also warns: “Unless you’re really determined you need the funding and have a really good reason for it, this whole funding bit can be a massive distraction to the business. Go into it with your eyes wide open, knowing that it’s going to take a big, big chunk of your time.”
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