Definition

Getting a small loan to cover early expenses for a small business or startup. It often has simpler terms and helps get things moving.

What to consider

  • Identify key drivers of growth.
  • Invest in scalable initiatives.
  • Monitor growth trends over time.

Real world scenarios

  • A local retailer saw a 20% increase in revenue after launching an online store.
  • A software company boosted revenue by adding a subscription model to its product line.
  • An independent consultant grew revenue by expanding service offerings to new markets.

Related terms

Entrepreneurial Finances