1300 760 930 Customer Login
Login
Blog
Apr 2018

How to deal effectively with rapid growth in your business

April 30, 2018
Capify Australia

Business growth requires as much planning as the initiatives that power it. Plan to expand with smart people management and agile business funding. Keeping your finger on the pulse of your people will be key as growth spurs cultural and workflow shifts. Meanwhile funding solutions for things such as purchasing equipment or renovating support you in taking your business to the next level. Proactive management of rapid business growth lets you harvest all the beneficial fruits of a boom time. Here is how you do it.

Forecast your financial needs

Business growth can bring significantly more money in the door. It also brings greatly increased demand on your services. Keep your business perfectly poised to capitalise on growth by doing a full forecast of your current and future cash requirements. Likely you will need some extra financing to immediately grow working capital to satisfy market demand. Here is where a small business loan can put the assets you need in your hands without delay.

Keep control of costs

Clever cost control is a smart alternative to binge spending during business booms. Financing solutions like Capify small business loans ensure you keep hold of the reigns so your business growth sustainably enhances your cash position. Features like a fixed daily repayment schedule mean your loan support your budgeting and cash flow management.

Celebrate your employees

Business growth is a collective achievement. Be sure to recognise your team members who have helped propel your business to these new heights. Reward them in ways that you know are meaningful to them. Whether this be through a team dinner out or vouchers specific to their interests. You will need your people to rally around and help your business sustain and capitalise on growth. Celebrating their efforts ensures they remain engaged, committed and excited about what the future holds in your business.

Rapid growth trajectories herald exciting times for your small business. With careful people management and flexible business funding like a small business loan, you can expand sustainably according to a clear plan. Capify has a suite of flexible funding solutions purpose-created for small businesses. Speak to us today for a small business loan that helps you respond seamlessly to the intensely increased demands of a business boom.

 

Or call 1300 760 930 to speak with one of our friendly Lending Consultants now.

More like this

Mar 2019

How to Improve your Business From Zero to Hero in 5 Steps

March 20, 2019
Capify Australia

Your business is well and truely underway and you’re now starting to reap the rewards of your hard earned investment, congratulations! Feeling the benefits and watching your hard work and dedication come to fruition is an extremely satisfying time for any new business owner! If you are ready for the […]

More
Mar 2019

What the royal commission findings mean for small business.

March 14, 2019
Capify Australia

Small business funding is getting a shake-up and it is good news for both SMEs and alternative lenders. The Royal Commission has taken a two-part approach to improve the lending playing field for small business, by: acknowledging that the Australian Banking Association (ABA) Code of Banking Practice is the chief […]

More
Mar 2019

Understanding Business Capital

March 6, 2019
Capify Australia

Starting a small business can be an overwhelming experience. There are many things to consider at the start of a new venture, one of which is how you are going to finance your new business and all of the associated costs. Finding the right business capital lender should be on […]

More
Blog

Apply anytime, anywhere

  • No application fee
  • No obligation
  • See how much you qualify for

Still have questions?

See our FAQs

Chances are someone else has had the same question and the answer will be in our FAQs.

Call us

Call us between
8:00am – 6:00pm (AEST) Monday – Friday

1300 760 930

Copyright © 2019 AUSvance LLC trading as Capify. All Rights Reserved.