5 ways finance can grow your business

There are many ways in which finance can grow your business. Looking at these 5 is just a quick way to see how your business can benefit. Growing your business, whether you are a start up or an established one, can be tricky. However, with finance options available through WestWon we can help you with whatever your finance needs may be. If you would like more information, then get in touch with us using our contact details below.

5 ways finance can grow your business

Leasing is the new normal

It may seem like we could be biased being a leasing and finance company! However, believe it or not, leasing is becoming the new normal.

Technology especially is now rapidly adapting with the times, which can be seen through things such as “buy now, pay later.” The move into this kind of shopping behaviour for the public has led to an increase in more people using fixed payments as their preferred method of finance. This is just one example of leasing.

People are also discovering that if, for example, you pay your employees’ salaries as you go, why are you not doing the same for your assets? This is one reason why finance and leasing is the better option for you and your business.

Leasing is less risky

With leasing and finance, the money is sent directly to you in a straightforward yet secure way. Working alongside our range of funders and suppliers, we can look to arrange the finance for you in a way that suits you and your business. The usage of up-front payments means there’s also no hidden fees or costs and you aren’t stumped with a large bill to pay for all-in-one go!

Here at WestWon we make sure the payments are made on time and our operations team will work closely with you making sure the process is as easy and seamless as possible. The benefits in terms of not paying as a lump sum are immeasurable, as it allows you to keep funds in the business to be used elsewhere.

Finance supports both your business’s bank account and your customer’s

Normally, before a large project takes place in the business, there is a substantial gap in your cash flow. This is because you are paying for all areas all at once.

However, if you were to pay it in fixed monthly payments, this would look a lot different. You will also know when the right time is to refresh your equipment. By using finance, you implement a recycling kind of system, whereby you are easily able to replace the equipment at the end of each lease agreement. Your bank account will grow, and your customers will feel the full benefits of this as time goes by.

Leasing increases levels of customer service

When introducing leasing to your business, or providing it as an option to your customers, leasing will benefit them. Introducing this recycling strategy within the company can make sure the equipment always stays up to date. It also means you can easily upgrade and improve the equipment without needing to spend a lot more of your business’ precious cash. It also creates a stronger bond between you and your customers because of the constant contact and repeat business.

Finance can expand your customer base

This leads onto the last point that you can create more repeat business, and in some cases better business from these relationships. Obviously, a business cannot grow without the expansion of their customer base. Therefore, there is a high chance that those who have leased before will again from you. This is especially true in the case of business loans such as VAT and Corporation Tax Loans. Both are finance facilities that we can provide here at WestWon. This also in turn improves customer loyalty.

Contact Us

If you would like more information on ways finance can grow your business, or any other finance needs you may have, then please don’t hesitate to contact us. You can email us on hello@westwon.co.uk, or alternatively you can call us on 01494 611 456. You can also see more over on our LinkedIn page.