TIPS ON HOW TO FINANCE YOUR BUSINESS SUCCESSFULLY | Marvin Germo
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TIPS ON HOW TO FINANCE YOUR BUSINESS SUCCESSFULLY

By: Marvin Germo | April 12, 2020

Financing Options

Financing a business is one tough challenge. Even if you have all the ideas and plans, you can’t really execute them without money. That’s the reality you have to face if you want to put up a business. You need capital for the startup and if you will expand it in the future, you also need capital for the expansion. The need for money doesn’t stop in business. But, you don’t always need cash coming from your pockets. There are financing options available for you. Today, let me share with you how you can finance your business successfully despite the challenges you might be facing right now.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020

Take Out Your Savings

One of the importance of having savings is that you can use it in the future for whatever purpose you want. You are saving for your goal and if that’s to build your own business someday, you can definitely use your savings as financing. The good thing about this method is that there are no payments and interests required. The cash that you will use will come from your own pockets. There’s no need to pay back. But, see to it that you will be able to replenish your savings once your business becomes profitable.

Look For Loans With Low Interest

Depending on the type of business you are running or about to set up, the amount of your loans should be just enough. If you can look for debt financing with low-interest rates, the better. Make sure that you are spending the loans on the right purpose since this is an obligation that you have to pay in the future. If you spend it lavishly on something your business doesn’t need, you will face financial trouble in the coming months and it might take down your business. Manage your loans and ensure to get the best interest rate from different banks.

Although the concept of equity financing and crowdfunding is not new, this is becoming a trend right now. In order to expand and reach more customers, businesses seek for individual investors who can be their shareholders privately. This is a simple method but you have to get the right permits and licenses first before you start collecting investments from other people. If your business is already established and has a stable income, it will be easier for you to get investors.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders