What business owner or financial manager wouldnâEUR(TM)t appreciate a nifty little tool kit to address the fix for growth finance? Financing, and cash flow and working capital solutions can make or break your firmâEUR(TM)s growth challenges. Let's look at whatâEUR(TM)s inside out toolkit. I guess you can say it's our version of DIY for business financing!

Growing (hopefully profitable!) Canadian firms are always looking at how to find that extra dollar to produce and invest in working capital. There are in fact numerous ' arithmetical' ways to calculate how fast your business can grow - they are very technical in nature, but the calculation numbers that will in fact tell you exactly how fast you could grow given your current performance. The tech term for that is ' Sustainable Growth Rate '.

That's all fine and dandy, our clients tend to want to jump right in and address real world ways in which they can accelerate growth, or in some cases slow it down - heaven forbid!

One of the 3 ways in which you can address the issue of growth finance is to speed up the cash flow that is already at the core of your business. How do you do that? More simple than you think - you speed up collections and improve inventory turns if in fact your business has an inventory component.
What you have in fact done is speeded up the cash flow cycle, simply by working smarter and harder - and you didnâEUR(TM)t even have to borrow!

When you in fact speed up that basic business cycle you're generating more cash that you can invest in your business... and growth. In effect you have accepted, and won the battle of being a better asset manager.

There are two other ways to address your growth challenges. One is to reduce costs - so in fact you have already accelerated cash flow by our better A/R and inventory management and you now reduce costs you have created a very strong, letâEUR(TM)s call it... double whammy! Good business managers will always now how to reduce and watch costs - they can control fixed asset investments; negotiate with suppliers for better pricing. And trust us, those changes in your better gross margin actually much more dramatically allow you to grow - more than you think if you spend some time and do the calcs.

Another way to address growth is to look at increasing prices. DonâEUR(TM)t forget if you can do that also you are at the same time improving margins.

We suppose the perfect growth finance situation is one in which you can use all three of our toolkit strategies. Just imagine being able to turn assets better, change your pricing, and lower your costs. It would appear our double whammy has become a triple whammy! We know every Canadian business owner and manager has the ability to pull of all three over any given period of time - but it's possible. And just success in any one of our three toolkit solutions will help your overall growth, financing, and cash flow.

Seek out and speak to a trusted, credible and experienced Canadian business financing manager who can assist you with growth financing solutions and advice.

Stan Prokop [http://www.7parkavenuefinancial.com/stan-prokop]