As an established business, you’ve faced many challenges on
your journey. You’ve navigated through those first tricky years and
now you’re finally beginning to reap the rewards of all your hard
work.
So when is the right time to embark on an ambitious
growth strategy?
The truth is business is driven by ever-changing technology and
markets. Even if you're happy with your current business
performance, you should keep looking for ways to develop. If you
don't, you run the risk of allowing competitors the room to grow
and take market share from you.
FW Capital has been helping businesses to achieve their growth
ambitions since 2010 and we were thrilled to recently pass the
£100m investment mark.
Based on our experience, here are some simple tips to help you
continue to push your business forward:
Think Big
Set your business bigger targets and benchmark against bigger
competitors.
Growing a business can be a daunting challenge but with the
right approach, as well as thorough planning and investment, you
can take your business to new heights.
Go to trade shows, get on Government frameworks and aim for
those bigger contracts.
Remember, the right investment can support cash flow to help you
win and deliver big contracts.
Embrace Innovation
Diversify into new markets, such as international or online,
launch new services or products. Consider a revamp or repositioning
of your brand to boost the business. Show your ambition, open a
second outlet or even acquire another business.
If you’ve never invested in your business, then maybe it’s time
for a cash injection to allow your business to make a step
change. Or, it may be the right time to consider equity
investment and reap the benefits of bringing experienced and
innovative investors on board to help accelerate growth.
Invest in Success
Look at your systems and processes and identify your weak areas.
Aim to reduce outsourcing costs and boost productivity.
Think about investing in new equipment, premises, systems, and
product lines.
Consider developing your staff – they are often your biggest
asset. Investing in your staff can help them feel valued and
motivated and also result in engagement and productivity.
Remember, improved services can help give your business a better
reputation and a stronger USP.
Help is on Hand
FW Capital manages a number of funds which have helped
businesses achieve national and international success.
NPIF – FW Capital Debt Finance, provides growth capital
investments from £100k up to £750k, while the Tees Valley Catalyst
Fund provides short terms loans which can help you win new
contracts by changing the way you tender.
We’re able to offer expanding businesses backing of up to £2m
and we work alongside other funders. Whichever strategy you
need to make growth a reality, we can help you through.