{"id":2585,"date":"2014-10-20T18:01:44","date_gmt":"2014-10-20T18:01:44","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=2585"},"modified":"2021-02-24T17:33:12","modified_gmt":"2021-02-24T22:33:12","slug":"is-now-the-right-time-to-invest-in-the-growth-of-your-business","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/is-now-the-right-time-to-invest-in-the-growth-of-your-business\/","title":{"rendered":"Is Now the Right Time to Invest in the Growth of Your Business?"},"content":{"rendered":"<p>Have you been wondering if now is the right time to invest in your company&#8217;s growth?<\/p>\n<p><a href=\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2014\/10\/time-to-finance-business.jpg\"><img class=\"alignnone size-full wp-image-2605\" src=\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2014\/10\/time-to-finance-business.jpg\" alt=\"is it time to finance your business?\"><\/a><\/p>\n<p>In this post we&#8217;ll share the top things you&#8217;ll need to consider before investing your own money or taking out a working capital loan or line of credit to grow your business.<\/p>\n<h2>What will you use the money for?<\/h2>\n<p>Before you invest more money into your business it&#8217;s important to ask yourself what you will use it for.<\/p>\n<p>When you originally opened your business you likely put together a detailed business plan. Before you seek out financing or put your own savings towards the business, you should write out a detailed plan&nbsp;and list out exactly how the money will be used.<\/p>\n<p>Consider&nbsp;whether you are throwing money at a failing part of the business, or if you are truly investing in your growth.<\/p>\n<p>It&#8217;s often ill-advised to&nbsp;invest more money into something that isn&#8217;t working.<\/p>\n<p><strong>Here are a few wise ways to invest in the growth of your business:<\/strong><\/p>\n<ul>\n<li>Purchase new inventory<\/li>\n<li>Buy out investors<\/li>\n<li>Improve cash flow<\/li>\n<li>Add a new location<\/li>\n<li>Pay off a cash advance<\/li>\n<li>Invest in an expansion or renovation project<\/li>\n<\/ul>\n<p>Check out the <a href=\"https:\/\/www.arffinancial.com\/development\/compare-us\/success-stories\/\">success stories<\/a> of some of our clients who have used financing to make their businesses more profitable.<\/p>\n<h2>How soon will you see a return on your investment?<\/h2>\n<p>While writing out your plan of action for your investment, calculate the estimated time it will take to see a return.<\/p>\n<p>If you&#8217;ll be taking out a <a href=\"https:\/\/www.arffinancial.com\/development\/loan-products\/working-capital-loans\/\">working capital loan<\/a> or <a href=\"https:\/\/www.arffinancial.com\/development\/loan-products\/lines-of-credit\/\">line of credit <\/a>to pay for the growth of your business, you&#8217;ll need to know that&nbsp;the company will make enough to pay back what you owe on time.<\/p>\n<p>If you&#8217;re using your own money for the investment you may not need to pay back the money by a set deadline, but you&#8217;ll still want to ensure your money was spent wisely&nbsp;by tracking profitability.<\/p>\n<h2>Can you improve your business without additional investment?<\/h2>\n<p>If you determine that producing a return on investment in a timely manner will be difficult, consider other ways that you might grow your business without a lot of additional funding.<\/p>\n<p>For example, if you were planning to invest in&nbsp;expensive television commercials, consider whether a low-cost <a href=\"https:\/\/www.arffinancial.com\/development\/4-common-social-media-mistakes-small-business-make\/\" target=\"_blank\" rel=\"noopener noreferrer\">social media campaign<\/a> might be able to help boost your sales without the big investment in video production.<\/p>\n<p>If you were planning to invest in a new location, consider whether a pop-up shop or a rented food truck might be a more profitable, low-cost option.<\/p>\n<p>There are always ways you can grow your company without investing major dollars, you might just have to get creative!<\/p>\n<p>If you&#8217;re sure that investing in your business is the right option, <a href=\"https:\/\/www.arffinancial.com\/development\/apply-now\/?utm_source=arfblog&amp;utm_medium=arfpost&amp;utm_campaign=arfblogcontact\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">contact us today to speak with a rep<\/a> about obtaining a fast-approval working capital loan or line of credit!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you been wondering if now is the right time&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[111,698],"tags":[],"class_list":{"0":"post-2585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business-financing","7":"category-small-business-financing"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Now the Right Time to Invest in the Growth of Your Business? 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