NewThu, 26 Jan 2023
When building a business sometimes you have all the ideas and plans in place but you lack only one critical ingredient, funding. That gap can be plugged in by bringing investors on board, but the question is how do you prepare for that process?
With a better understanding of the capital needs of a business, through its various life-cycles, operators will be able to make decisions that maximize the company’s value.
Growth is very important for every business and it is vital if one wants the business to survive. A business should be able to keep up with demand and the changing environment and that can be done by expanding your operations.
With the unpredictable business environment, one has to plan for the worse while strategizing for the best. Having a business continuity plan enables a business to be ready for any situation and shortens the period of response and recovery from risks or threats affecting the business.
The socio-economic impact of C-19 has been devastating especially for SMEs. But that is not a reason for businesses to press the pause pedal on growth.
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