This guide will teach you:
- What external resources are available to fund growth
- The Pros and Cons of each growth strategy and how to scale effectively
- How to optimize internal programs to improve cash flow and enhance the value of your company.
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Funding Growth
6 strategies leading manufacturers often implement to fund growth.
Introduction
Why Read This
Today's manufacturers operate in a global environment where countless external factors impact their operations. You need to take every step you can to improve cash flow and enable your business to grow, no matter the obstacles and uncertainties.
Chapter 1
Better Manage Benefit Costs
You can reduce your benefits expense - creating free cash flow - and you can do it predictably and repeatedly. When you do, your dollars are freed up from one of your top three expenses to invest in other crucial growth initiatives.
Chapter 2
Open A Line Of Credit
From national institutions to local credit unions to online-only banks, there’s no shortage of outlets willing to lend your company money. A business line of credit gives your company access to a predetermined credit limit, with the ability to withdraw funds when needed.
Chapter 3
Business Or Commercial Loan
Similar to a line of credit, business loans are available through local community banks as well as large regional and national institutions. They usually include a fixed interest rate, with terms that are one of two types.
Chapter 4
Bring A Partner Into The Business
Humans are social creatures. We don’t like to feel that we’re on our own. The old adage, “there’s strength in numbers” holds true in the business world as well. And according to the SBA, companies with multiple owners are more likely to endure than sole proprietors.
Chapter 5
Issue Debt In The Form of Bonds
Companies can raise capital by issuing bonds in exchange for money, creating a type of loan between the investor and the company. The company usually makes periodic interest payments until the bond (loan) is due.
Chapter 6
Go Public With An IPO
Down from a peak of 8,025 in 1996 to less than 4,000 today, fewer and fewer companies are going public, but that's doesn't mean this isn't a viable options for some. That said, taking a company public requires more than simply making the decision to do so.
Chapter 7
Conclusion
As the CFO of your manufacturing firm, a likely continual goal of yours is to optimize business expenses to free up cash that can then be reinvested in your company. We’ve covered six ways that goal can be accomplished.
DCW Group (DCW) is a privately-held benefits consulting firm specializing in high-performing corporate health insurance plans and delivering enterprise-level administrative and support services to clients.
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