The February Cap
The shortest Month of the year is over and so to are the good intentions of the New year. Now is the time for consistent action.
We are happy to bring the February Cap as we move into March.
With everything we do, the intention is for us to RISE and step into our highest truth.
This makes Risecap’s purpose to be your guide and partner in illuminating the path to debt funding that coincides with your true vision.
Things we learned from clients this month:
A Revolving Credit Facility is still a great option - Revolving credit refers to an open-ended credit account that is normally but not always based on your accounts receivables. The credit can be used and then paid down repeatedly as long as the account remains open and in good standing.
We are working with a client who has been approved for a 500K revolving credit facility. When they came to us they had been approved for a 300k term loan but because we were able to get them the facility they wanted along with only a partial PG and they were overjoyed with the product. **Just as a note this product will often come without a PG.
There are ways to look at your business before we go right to funding. Don’t feel the pressure to go towards what everyone around you is saying.
Do you know what your unique authentic expression is and how powerful it is? Literally, anything can be built if there is a clear vision and then steps to get there. SOPs and following are the only way forward. We want to all do our own thing all the time... it's human nature to iterate. So iterate and then document, iterate, and document.
Partners articles & podcasts that inspired us this Month:
Articles:
Why it’s important to understand your agency’s valuation, even if you’re not planning to sell
Do you know your exit strategy? What is your overall vision for your business? Our Partner Cactus has worked with hundreds of agency owners over the last 15 years and they share that the majority of their clients have not focused on maximising their eventual sale price until 12-18 months before they planned to sell.
How Do I Handle Cashflow When Income Arrives Sporadically ?
Here is a great article from one of our CFO partners Harriet Formby where she shares 7 things we can do when the entrepreneurial rollercoaster of generating “consistent revenue” creeps in and we react instead of respond.
Podcasts:
Counter Cultural 66./ Mastering the 7 Year Business Cycle
Scaling a business isn't a universal fit for every entrepreneur, and this episode spotlights the wisdom in discerning your business's unique growth tempo. We unpack the nuances of sustainable expansion and how maintaining quality, integrity, and a human touch are cornerstones for scaling up.
Risecap is here every step of the way to give you the expertise you care about: we support CFOs and business leaders, so you can focus on what you do best.
Ready to find out your business’s finance solutions? At Risecap we're passionate about helping you find the aligned funding solution that fits your unique vision.
The time is now to Keep Rising
The Risecap Team
Words: Alex Verville (Risecap’s Head of Ops)