Serv.co.za
Posted 12/06/2021

3 Inexpensive Ways to Fund Business Growth


3 Inexpensive Ways to Fund Business Growth

Running a business can be financially taxing, in order to see your business grow, you must add some money into the business to see it grow. 


There are a number of ways in which you can ensure that your business gets funded and ensure that your business grows in 2022. 


According to SME South Africaa business plan is critical to approach a bank or investor for funding. It is important for businesses starting out or established, and provides a roadmap for future development. A good business plan will help you obtain financing, arrange strategic alliances and attract potential investors to your business. 


Find a business consultant who can help you with your business plan today! 

Business Plan


Here are three ways you can get funding for growth in the year 2022 


  • Bootstrapping 

Bootstrapping is a great way to finance your business. Bootstrapping means that you, as the business owner, will be financing your business. This is done through your own funds that you can obtain from savings, personal loans, etc. 


Bootstrapping is beneficial to any business because, as the owner, have full control over it. 


  • Crowdfunding 

Crowdfunding is when you set up a campaign to ask a crowd of people to donate or invest in your business. There are a number of crowdfunding platforms in South Africa that allow you to create a campaign and people will be able to ensure that you are able to get investments through the website. 


  • Angel Investors 

An angel investor is a high net worth individual who provides capital to different startups. This individual can be a family member or friend. Angel investors get their name from being the only people who invest their personal funds in a company when no one else is willing to invest.


Maybe you don't need funding and might just need alternative ways in which you can grow your business. Growing your business through a marketplace is one solution that will not cost you a lot of money.  


How marketplaces support small businesses and start business growth. 


One of the ways in which your business can grow and join the digital revolution is through joining a marketplace. Marketplaces offers an alternative way for small businesses to market their products or services. Small businesses can market their businesses on marketplaces, reach larger audiences and do so at a cheaper rate than most advertising solutions. 

 

By being listed on a marketplace customers are more likely to trust your business or services especially when they can see that others have used your services and are happy with the services rendered. A marketplace allows customers to compare quotes. This means that you are able to compete in a completely neutral market. 

Join Serv Now

How Serv B2B Marketplace Can Help You 

 

Are you a B2B SME looking for leads? Join Serv today for as little as R125 per month and start getting leads straight to your inbox. Using Serv, small B2B businesses can market themselves, save money, and start competing with big businesses. 

 

SMEs looking for B2B Service Providers can also easily and quickly find a local B2B Service Provider. Whether you are looking for an accountant, web developer or business consultant, explore Serv today and find a trusted service provider.

 

Learn more about Lead Generation and Serv B2B Service Marketplace on our FAQ Page.



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