The goal of my company is to provide a good plan to ensure capital gains in order to fund future business, despite the increase in competition. With an infusion of cash derived from the sale of stock, the company may grow its business without having to borrow from traditional sources, and it will thus avoid paying the interest required to service debt. This "free" cash spent on growth initiatives can result in a better bottom line.
New capital may be spent on marketing and advertising, hiring more experienced personnel who require lucrative compensation packages, research and development of new products and/or services, renovation of physical plants, new construction and dozens of other programs to expand the business and improve profitability.
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I need to stay aware of trends and issues and keep up with rapid economic and technological changes to become and stay competitive. It can become overwhelming and nearly impossible to keep up with all this information. There is simply too much of it. Fortunately, the knowledge I lack is always someone else's specialty, so I can turn to others for help. There are usually at least a few people who can help deal with certain issues or special problems that I may encounter in my growing business. In lieu of specific knowledge, I must know in advance whom to contact and where to go to get the information I need. When I find my most important contacts, I can start connecting with these people to enhance and improve my knowledge network. As I do this, my network and the information I need to build my business will expand and …show more content…
If that is the case, there are alternative options. I can draw up documents with a set repayment plan and interest. I can go to the government route. I can get financing, including microloans, from SBA-backed lenders. I can talk to new vendors. Another method of obtaining financing for supplies or materials is to approach vendors of those products about opening a line of credit with them so I can stock my inventory or buy raw materials for my product without having to put the cash up front. Social capital is very similar to its monetary sibling. It, like monetary capital, is accumulated by an individual or a business and used in the production of wealth. Put more simply, it is the accumulation of resources developed through personal and professional networks. These resources include ideas, knowledge, information, opportunities, contacts and, of course,