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Top Ten Takeouts: Raising Capital Without Giving Up Equity

Businesses often fail to look past traditional funding models such as raising capital to fund their growth aspirations.  

Our panel explored:

  • Sources for funding that make a huge difference when trying to rapidly scale up
  • What you need to know before you start thinking about accessing grants
  • What you can do to make crowdfunding successful before launching your campaign
  • How to unlock capital already existing in your business
  • Where to get a loan without the hassle of a bank

The Panellists

Peter Nolle – Treadstone
Rhondalynn Korolak – Businest
Aris Allegos – Moula
Sergei Plishka – Outerspace Design
Moderated by Bec Kempster – Chair of the Churchill Club

Special thanks to our event partner Treadstone… accelerating small businesses with government grants and business advisory.

Top Ten Takeouts

  1. You’re never going to get a good equity deal or interest rate if your cash flow is poor. 
  2. Get advice – don’t try to apply for government grants without first talking to an expert
  3. Government grants are not there to ‘support your business’ - it’s only if your business meets the specific criteria and the grant fits your business model
  4. Don’t do a credit kamikaze and trash your credit score
  5. If you’re resorting to credit cards or overdrafts – check online lending platforms first. The effective interest rate can often be cheaper because of the way they’re structured.
  6. A business is like a cease-pool of places for cash to get stuck. You need to know where to look for it including in accounts payable, accounts receivable and inventory
  7. Understand your Working Capital requirements
  8. If crowdfunding, partner with a marketing expert. It’s easy to underestimate how much marketing goes into a successful campaign. 
  9. When selecting a crowdfunding platform first speak with them directly to get advice and see if they can sweeten the deal as it’s a competitive marketplace.
  10. Be prepared – knowledge is everything