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Marketing Consulting Tips and News

RCMCC Marketing Tip

Before you look into the financing options for your business, the first thing you need to do is to assess your current financial situation thoroughly.

Often this means having a solid business plan with five years of financial projections. You should not only know what you need to get started or expand your business, but also know how your revenue stream will look in order to pay back any debt financing. For most financing, knowing or having a plan for the next five years is essential-at least, as far as revenue, cash flow, growth, and expansion are concerned.