What is business financing?
How to finance your business during a crisis like Covid-19 is a critical topic for corporates, but also for SMEs including startups and scale-ups. There are a lot of wrong definitions of business financing to be found online, especially pushed by financial institutions.
What is business financing?
Basically, there are three ways to fund your business: by internal financing by generating income online and offline from customers, by external financing through loans, subsidies and/or equity or by a mix of those two categories.
More: What is ‘the social distancing economy’?, What are ‘organisational economics’?, What is a ‘virtual organisation’?, What is a ‘digital product?’ & What is the ‘Law Of Diminishing Firms’?
- start a business.
- grow a business.
- scale a business.
- save a business during a crisis like Covid-19 as part of a survival strategy.
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If you want to know more about how to finance or refinance your business, email me here.
Tony de Bree worked at ABN AMRO for 26 years and made the transition from banker to hybrid entrepreneur by trial and error with his own “online plan b”. He is an on demand consultant, speaker, lecturer and business coach and serial writer of a large number of ‘How-to-books’. Tony helps corporates, startups, scalups and SMEs to survive the crisis and startups including students and managers and employees of corporates to make the transition from manager or employee to successful online entrepreneurship with their own ‘Lean & mean’ virtual organisation.