Ep 294: Funding Options for Growth With Jordan West

Send us a textGrowing your business requires a lot of capital, and when you reach the point at which you can’t finance your growth alone anymore, you need to consider funding options.In this episode, Jordan West walks us through different funding options that can help your business to be able to grow efficiently. Listen up and get ready to get those funds!KEY TAKEAWAYS FROM THIS EPISODEAlong with scaling, comes the need for cash.Go to your supplier and ask for longer or better terms.The best kind of funding is a line of credit.Another great funding mechanism is a long-term loan to cover your inventory.Revenue-based financing options are good if you are fairly new and you do not have the extent of credit history.You can also give up equity in your company for cash to be able to grow.Generally, you can have a bit more of a generous valuation in crowdfunding.Another option is VC money or venture capital money.Private equity can have massive strings attached to them.Book quick wins appointment here:https://www.mindfulmarketing.co/quickwinsConnect with Jordan here:LinkedIn: https://www.linkedin.com/in/jordan-west-marketer/We’re proud to have this month’s sponsor as SmartInbox, an app to better communicate with your customers and get all your incoming conversations organized in a single smart inbox. Make a smoother shared experience for your team (and customers!), to help you save time, eliminate missed messages, and own all your key customer details automatically in one place. Get a free 14-day trial today at smartinbox.user.com/secretsWe love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here:https://mindfulmarketing.co/growthplan-applyIf you've been paying attention and your brand is ready to GROW, apply now to be the one new brand we take on this month!https://mindfulmarketing.co/apply