What can a £100k business loan do for your growth strategy?
You’ve been successfully running your business for a few years,
you’re established, income is stable and now you are focused on
making a significant investment in your business’ growth
A £100k loan can be a big commitment for a business
owner. But with a clear investment strategy it can be the
catalyst which propels your business to a new level of success.
Here are a few different growth strategies you could invest
Digital technology is allowing more businesses to serve and
interact with their customers in a range of innovative ways.
Digitalising your processes and services can boost your competitive
edge in the market and allow you to introduce time saving and
Recruitment of a specialist
Sometimes you don’t have the in-house resource you need and
outsourcing can be costly over time. Recruiting an experienced
specialist can allow you to build new services around their
expertise developing new in-house skills while offering your
Upgrade of equipment/machinery
Investing in the right equipment can help you both reduce costs
and diversify your business. For manufacturers in particular, it
offers a chance to boost production or make energy efficiency
savings to free up more cash in the business.
Relocating your business can increase footfall or bring you
closer to transport links. Upgrading your premise can also help
unlock new potential. More space can support increased production
and more customers through the door. Extra floor space can also be
rented out to generate extra revenue.
Investing in a brand refresh can be like a makeover for your
company. It can allow you to stay relevant and grab attention in a
busy and noisy market. You may think if you are growing why change
things, but a refreshed brand can help you sustain and even
accelerate the next phase of growth.
There is no right answer when it comes to growing your business
and owners can invest in a mix of tactics to help them with their
next growth stage. As long as you have a strong strategy in place
you can secure finance with confidence and move your business
forward to its next growth milestone.
If you’re looking to invest a smaller sum in your business
read our blog on what can you do
with a £10k business loan.