Well, we think we have hopefully made our point that there will be many times when there will be significant value in not wasting internal resources and people time when you are looking for business financing. Who would ever want to be accused of making the mistake of trying to manage and execute on all your business financing needs without any professional help. No one we know, that's for sure.
Over time, and trust us we don't know why, we have come to dislike the word ' broker '. In reality we confess at the same time that we see everyone uses a mortgage, insurance or other type of broker to get a qualified, credible ' best deal '. So the middleman approach clearly has value to the consumer. Does it have value to a business? We think so, and here's why.
Whether your business is in hyper growth mode, or at the opposite end of the spectrum, in financial distress surely you welcome the concept of an expert. You could be looking to complete an m&a transaction, or looking for loan and working capital facilities. Naturally there are many routine aspects of a business that do not require expert help, but when it comes to key issues around your businesses ultimate success are you 100% confident, on your own, all the time , that you have data , information, and possibilities covered. We doubt it, and we think you do also.
In effect you're looking for a ' business doctor' if we can call it that. And that's probably not a bad analogy given the importance you might place on going to a good doctor for serious reasons.
There are always questions you have when you are considering Canadian business financing, and a good business advisor will answer those questions based on experience, at the same time pointing out alternative you may never have thought of.
But, and its a bit but , never assume that everyone out there who tells you they can assist in business financing, loan and working capital needs, or m&a help .. Knows of what they speak. The choice of a solid advisor can make or break your success in Canadian business financing for new or refinancing capital.
So what should you look for in a good advisor? We're pretty sure it's intuitive, but we speak to so many clients who feel either burned or let down by past experience. So focus on some key areas such as the advisor number of years in practicing what they do. Do they have solid credible contacts?
References are of course also great, and with the internet you can Google anyone in business with a reputation and determine a lot about the quality and reputation and credibility of that firm or person. Remember, you're entrusting them with your financing in a very confidential way, and that's important.
Don't settle for generalists also, focus in on someone who can deliver on the specific financing you need, in areas such as m&a, working capital, asset based financing, franchising, or more esoteric new products such as confidential invoice discounting, purchase order financing, tax credit financing, etc.
You ultimately want to feel comfortable on sharing information with this person or firm, reviewing pitfalls, and most importantly, representing your firm in its business financing needs.
We’ve put together a comparison guide that covers over 40 of the top call center software options, providing details on pricing, features, support, and integrations. If you want to save time and still make a great investment, this guide is a must read. more
It was a painstaking process, but to help B2B companies start 2017 off on the right foot, we recently compiled a comparative list of the top 43 small to midsize business phone vendors. more
A good VoIP provider will offer additional benefits as well, but many first-time buyers find assessing each option to be difficult. Nevertheless, this is an important step in the buying process because a substandard provider can easily waste both your time and money. more