Last updated on June 4th, 2025 at 09:42 am
Opportunities for your small business happen all of the time, and usually when opportunities happen, they happen suddenly, so you must be prepared to act quickly.
A supplier may be overstocked with a certain product and may need to unload this extra inventory to make room for new product, this type of situation may present an opportunity for you to buy extra inventory at a deeply discounted price.
There may be a booming trend in your industry and you might find yourself needing additional staff to service and to take advantage of the trending boom.
A competitor may find themselves in a situation where they have to sell their profitable business for personal health reasons and the ‘asking price’ may be well below market value.
These types of business opportunities are common and all of these type of opportunities, and many others, may require a Small Business Owner to have access to a large amount of cash in order to be able to jump all over these potentially profitable opportunities.
After you carefully analyze any business opportunity and you have determined that a particular opportunity is a good fit for the growth of your business, you may discover that you might not have the needed capital to make your move.
Borrowing money to take advantage of an opportunity can sometimes feel like day-trading several shares of a certain stock, not really knowing if you will get a return, but borrowing money to invest in the growth of YOUR business is quite different.
When you buy shares of a stock the only thing that you might know about that stock is that it’s a ‘popular’ brand, but you really don’t know what is going on inside of the business.
When you borrow money to invest in the growth of your small business, you KNOW your business, and you KNOW your customers, and most of all, you KNOW your industry, so the question that you must answer when borrowing any amount of money for your business is:
‘Is the BENEFIT of borrowing this money… GREATER than the COST of the capital?’
If the answer is ‘NO’, then you don’t borrow… but if the answer is ‘YES’, then you might want to strongly consider borrowing the money that your business needs.
After you have carefully analyzed the opportunity and you then decide that borrowing money is a good move for your business, then the next step is to decide the type of funding that you will need, and this will depend on a couple of things.
First, how quickly do you need the money?
If the opportunity can afford you some time, then your local bank or credit union may be the place to go, but if everyone else in your industry knows about this opportunity, you may need to act faster than the bank or credit union will permit.
Second, if your credit standing is not the best, then alternative funding may be able to provide the funding that you need to close on your opportunity quickly.
‘Prepare, Prepare, Prepare’ is what many Small Business Owners have said and the mantra that many successful Small Business Owners live by, because sometimes, when opportunity knocks, it doesn’t stick around for too long of a time.
RevitUp Capital can help you to connect with the right lenders to get you the capital that you need to grow your business.
When you’re ready, we are here to help.
