There comes a time in the lifespan of every company when the people at the top need to start thinking about expansion. Maybe you operate from a warehouse and you’re running out of storage space, or perhaps you simply can’t find enough room for all the staff members you need to employ to ensure your office runs smoothly. Either way, finding the funds to purchase a new premises can be extremely difficult. In fact, even successful multinational firms have trouble dealing with this, as cash flow can be a real problem. That said; I’ve got some great tips that are guaranteed to make your life a little bit easier.

 

You see; over the last ten years I’ve helped numerous businesses all over the world to deal with financial issues like this, so I’m a bit of a pro when it comes to creating or sourcing capital from within an established system. Some of my ideas may be a little radical, but they’re tried and tested so I beg you to entertain them because they could make all the difference.

warehouse

 

Consider Excess Stock

 

Some business owners continue producing their product even when stock levels are high, and this is something you should avoid at all costs when trying to raise funds for progression. Though you certainly don’t want to let any of your customers down, so long as you know you’ve got enough product to keep them happy for a couple of months, ceasing production could help to free up the money you need. This is particularly useful if you only have a few full time staff members and the rest of your workforce is made up of temporary agency workers. Just call the agency and let them know you don’t need anything from them for a month or so – this will save thousands.

 

Make Careful Investments

 

Gambling your business capital by making investments has the potential to be quite troublesome, but it also has the potential to pay for your expansion in a very short period of time. So, perhaps checking out some of the introductory promotions available from stock brokerage firms like optionsXpress would be a good idea. You see; anyone using these specialist companies will have less pressure because it’s in their interests for you to make a positive return.

 

Apply For Loans

 

If at all possible, you want to avoid taking out large company loans because you inevitably end up paying far more for the expansion that you otherwise would have. Still, if you’ve got most of the money and you’re just looking for the final boost, this can be your best solution. Just make sure you don’t end up borrowing hundreds of thousands because the accumulated interest on amounts that large is totally ridiculous, and could result in many more financial issues further down the line.

 

Presuming you’ve made it this far, you should now have some really useful new ideas that could seriously impact on your ability to find the money needed for your next move. Make sure you stay focused, and I’m certain you’ll get there in the end.

 

Wishing you the best of luck!