In this episode, Jeannette talks about why having financial clarity for your business is so important. She explains why you might need to raise finance, what you need to consider when doing it and how to go about doing so.
Jeannette is not a financial advisor, but, over the years she has successfully secured finance for several of her businesses. The advice she gives is grounded in experience, practical, and quite easy to use. If you want to gain an insight into leveraging your assets, crowdsourcing, raising money through shares, investor capital, and much more, just listen to the episode.
KEY TAKEAWAYS
Most businesses need to raise capital at some stage.
When you are scaling, day-to-day costs tend to accelerate.
You may need cash to cover the cost or materials to fulfill an order for a new customer.
Before you start to grow, think about how you are going to raise capital.
Be clear about what you will use it for and how much you need.
Think about how long you need the finance for.
Be wary of giving away too much equity, too soon.
Personal or business assets can be good sources of internal finance.
Many people forget to consider using the overdraft facility on their business bank accounts.
There are pros and cons of raising finance using shares. Jeannette covers some of them, in the podcast.
Crowdfunding can be tricky, but it can also double up as a form of market research.
BEST MOMENTS
‘In order to expand and grow, you might need finance to support the day-to-day running costs. ´
‘Start with the end in mind.’
‘Crowdsourcing involves a large number of people investing smaller amounts into a business.’
This is the perfect time to get focused on what YOU want to really achieve in your business, career, and life. It’s never too late to be BRAVE and BOLD and unlock your inner BRILLIANCE. If you’d like to join Jeannette’s FREE Business Impact Seminar just DM Jeannette at info@jeannettelinfootassociates.com or sign up via Jeannette’s linktree https://linktr.ee/JLinfoot
VALUABLE RESOURCES
Brave, Bold, Brilliant podcast series - https://podcasts.apple.com/gb/podcast/brave-bold-brilliant-podcast/id1524278970
ABOUT THE HOST
Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality, and property sectors. Having bought, ran, and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development.
Jeannette is a down-to-earth leader, a passionate champion for diversity & inclusion, and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams.
CONTACT THE HOST
Jeannette’s linktree
https://www.jeannettelinfootassociates.com/
YOUTUBE
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Email - info@jeannettelinfootassociates.com
Podcast Description
Jeannette Linfoot talks to incredible people about their experiences of being Brave, Bold & Brilliant, which have allowed them to unleash their full potential in business, their careers, and life in general. From the boardroom tables of ‘big’ international businesses to the dining room tables of entrepreneurial start-ups, how to overcome challenges, embrace opportunities and take risks, whilst staying ‘true’ to yourself is the order of the day.
Travel, Bold, Brilliant, business, growth, scale, marketing, investment, investing, entrepreneurship, coach, consultant, mindset, six figures, seven figures, travel, industry, ROI, B2B, inspirational: https://linktr.ee/JLinfoot
