Crowdcube has recently celebrated its 5th birthday and CEO Darren Westlake has shared the following 6 tips for how to grow a small business, based on his experience at Crowdcube.
Growing your business
The Gov UK website has a wealth of useful advice and information for small businesses. Below is our summary of 7 tips from its pages on how to grow a small business:
Google campus exchange
The aim of Google Campus Exchange is to mentor ten innovative UK startups during the summer of 2016. Entrepreneurs who are either starting out or wanting to know how to grow a small business can gain help and advice not only from Google mentors and investors, but also a network of fellow entrepreneurs.
Asset-based finance
Asset-based finance is the raising of funds using your existing assets as security. Assets can include invoice finance, – where business secure funding against the value of unpaid invoices – stock, equipment and property. According to the Asset-Based Finance Association ABFA, asset-based funding in the UK breaks down into roughly around 80% invoice finance and 20% the rest.
