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During the recession, the economy is strapped for cash. Consumer spending drops, and lender are wary of freeing up finance, in case their debtors default. It can be hard for entrepreneurs to plan for business growth when they cannot access the finance necessary to develop their business ideas. In this business TV show, some of the world’s leading business experts share their latest business ideas on how small and medium sized businesses can find finance during the recession.

A wide range of business ideas about accessing finance are canvassed in the show. Firstly, according to the business experts, when you decide you need additional cash to finance business growth, act quickly. As the recession deepens, remaining credit lines may dry up, and banks lower their risk profile further. Make the most of an opportunities you have available to you at present to access finance for business growth.

Next, think outside the square in terms of looking for sources of finance. A new economic situation calls for new business ideas. Rather than approaching your bank manager like usual, try looking into your existing networks and contacts. Someone you already know – a friend, family member, colleague, associate, even a customer – could have the funds you need to achieve business growth.

When you do approach someone to ask to borrow money, make sure you are properly prepared. You need to prove to them that you have a robust plan for business growth in the recession, that you have fresh business ideas. Find out what their investment portfolio looks like, and where you might fit in.

Viewers of yourBusinessChannel shows who are registered can submit further questions to the editorial team, to be passed on to business experts for future shows. So if you’d like more information on any of the business ideas and advice in this show, sign up for free now.

Business TV