People often fear rejection when applying for a loan, or the process itself. Here at Bizpal, we pride ourselves on taking the ‘fear out of finance’ with an approval rate of 98% for new and fast growth businesses.
Here are our top 3 tips to overcome a fear of finance:
- Don’t ignore your finances!
It’s important to review your finances on a regular basis, make sure to set a date to evaluate your costs and current budget. This will prevent your costs from getting out of hand, or if they are already out of hand you can find out where you can save.
- Set realistic long term financial goals
Whether your goal is to decrease expenditure, increase profit, maintain cashflow, or something else, make sure you have a strategy. If you don’t know what you’re working towards, it will be that much harder to take control of your financial situation.
- Find funding – if you need it
New and fast growth business owners quickly realise bank and investor finance can be hard to come by. This is where Bizpal can help – we have over 25 lenders that are suitable to a broad range of funding requirements.
If you feel that your business is ready to move forward, but you don’t have the finance to do so, consider approaching a finance broker.
Find a broker that will do the hard work for you.
As a business owner, it is important to understand and evaluate all financial decisions. By making sure that you are educated on your finances, have realistic goals, and are able to consider financial opportunities, you can start to eliminate your fear of finance.
To have your own dedicate finance broker, visit Bizpal Services here or call 1800 011 981.