In this article for franchiseseek.co.uk: How can a business owner prepare before seeking finance? Carol Cheesman offers advice to franchisors hoping to raise finance and explains how they need to prepare..
In looking at how a business owner can prepare before seeking finance Carol explores these 4 important questions:
- What key points should business owners think about when prepping their accounts?
- What do finance providers look for when deciding whether to provide funding?
- What do you think is the best form of finance and why?
- What should your business plan include when seeking finance?
Working through these issues is a hard soul searching exercise but by the end of it you will know your business in more detail and, in particular, you’ll understand its strengths, its weaknesses and their trigger points.
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