Could you do with more cash in your business?
Shaz looks at some of the best ways to raise cash and explains that it’s all about mindset and knowing what will work for you best with a particular deal.
When you know where to look for cash there are a range of different options that can be explored so that you can achieve the financing you want for your deal
KEY TAKEAWAYS
It’s about your mindset and knowing the different ways to find cash
You can use your own cash and this is a quick way to get started but can also hold you back when your cash is used up
Joint venture deals are a great way to bring your expertise together with someone who has the cash
Most joint venture partners want a 50/50 deal but if it means you can do the deal it’s worth it
Different property investors set up their joint ventures in different ways you need to decide what works for you
You need to do a few deals yourself so that you have a track record then joint venture partners will want to work with you
You can use a bridging loan, they can work well over a short time period
Crowdfunding is a flexible approach to financing a deal and can work really well and deliver the finance very quickly
A bank loan can be the best way for you to finance but it takes time and they require detailed information
The interest rate is lower because they mitigate their risk with detailed checks and balances
BEST MOMENTS
‘There is plenty of cash out there you just need to know how to get hold of it’
‘Joint ventures are a great way to do deals’
‘Always try to over-deliver and joint venture partners will want to work with you again’
‘Most investors say lack of cash is holding them back from growing and scaling’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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