QFF From his experience as a chairperson, now giving tips on how small business owners can make sure they have funding arrangements in place & raise their capital wisely by also learning about crowdfunding & ESOP. (Troy Trewin and Michael Denehey)

Aug 25, 2022

In this episode, I interview Troy Trewin, the Founder of Grow a Small Business Podcast based in Hobart, Tasmania. Troy has shared tips on how small business owners can make sure they've got their funding arrangements in place and raise their capital wisely.

From his experience as a chairperson, Troy shared the reality of capital raising and the pros, and cons of rushing and taking things on time. He also said that capital raising requires knowledge about crowdfunding and ESOP. So he says, “You have to be organized and gain knowledge in order to take the right action.” 

This Cast Covers:

• Discuss tips for raising capital and its contribution to a small business.
• Sitting on five boards and chairing most of the boards.
• Helping other businesses with capital raising.
• Sharing the reality of capital raising and how to achieve your goal.
• Learning how to make wise choices and take control of your actions.
• Helping entrepreneurs get sources to raise capital.
• Learning where and how to use other mechanisms.
• Providing helpful sites and options for small business owners in order to excel.
• Helping entrepreneurs become qualified in different loan options.
• Learning about crowdfunding and ESOP.

Additional Resources:

• Grow a Small Business

 

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Quotes:

“If you don’t need it, don’t be desperate.” —Troy Trewin

“Cash is King in many small businesses.” —Troy Trewin

“People should learn about pricing and cost controls.” —Troy Trewin

“If you’re desperate, you have to raise money at a lower valuation.” —Troy Trewin

Workout if you need to raise capital.” —Troy Trewin

 

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Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod https://incompetech.com. License: CC by http://creativecommons.org/licenses/by/4.0