Alternative Financing In Your Business Plan

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Alternative Financing for Small Business

Lenders and investors of all ilk like to see creativity in business plans. For most rather mundane presentations, this is a real challenge. To get their attention, demonstrate how you have worked to cut costs and reach higher quality of work. For example:

USE OUTSIDE CONTRACTORS AND EMPLOYEES, especially those that work from home. Keeping your overhead as low as possible while having access to top talent is a skill that many entrepreneurs still haven't learned. All too often "the office" is the core of the group. With online phone/meeting services so available, and so inexpensive, there is no reason that many contractors and employees cannot work from home. What would it do to your bottom line to be able to cut your space requirements by 30%? If you can cut your on site staff by that much, you can do it.

And it is not just space requirements. It is the phone on every desk, the computer on every desk, the high speed printers sprinkled everywhere, the filing cabinets, the heating bill, the janitorial -- everything. Make it a real goal to cut everything by 30%. At a bare minimum, you will see more money in your pocket, and it just might impress a lender/investor sufficiently so that you see a lot more money coming your way.