The Entrepreneur Way 1257: Funding the Needs of Your Business with Paul Thompson Co-Founder and Owner of Acorn Finance
As one of the founders of Acorn Finance Paul Thompson has been dedicated to providing the smaller businesses of the UK access to the very best funding options, normally only accessible by larger businesses. Paul has spent 5 years as a board member of the NACFB, has featured on BBC Inside Out and Acorn Finance have been awarded 6 best UK broker awards since 2013.
“look after the finances, don’t leave things to chance, allow time to do things but accept that it’s not always an option. So ideally you are always looking as far forward as possible with your expansion plans, with recruitment, anything like that so that you can work it into your cash flow. And if you know that you are not going to be able to work it into cash flow make a plan early on and speak to somebody independent so that you can get the very best deal. If that is not an option because of either an opportunity that pops up that you need to take advantage of or an emergency that pops up and you have got to look after… you have got to deal with an unexpected tax bill or machinery breaking down… then have your ducks in order. So have your accounts up-to-date, make sure there is somebody tasked with keeping monthly figures available so that if you go to a finance provider you have got all the information that they are going to ask for ready at the outset ”…[Listen for More]
To Listen or to Get the Show Notes go to https://wp.me/p6Tf4b-74M