Small businesses have a reputation of being very quick on their feet as far as decision-making is concerned. Whether the transaction relates to purchase of new raw material at affordable prices for customers or better financing options-small businesses, with limited decision making centers, can react very quickly.
Of course, they do not have the wherewithal to create industry-wide change by their single move. For example, if Apple were to switch to a new type of display screens, you can be rest assured that data industry will look at it with interest. On the other hand, changes made by small businesses will take a long time to percolate down to the masses.
Nine times out of ten, the change captures the attention of a big industry which then proceeds to either takeover the small business or work together to make use of the innovation. As far as financing is concerned, you must always keep in mind that money, obtained from any source, is acceptable irrespective of the number of channels.
For example, going in for personal loan, business credit card, a commercial loan and extra venture capital funding for strategic development or research for a single venture is not a bad move. More often than not, people place self imposed restrictions and limitations as far as financing options are concerned. Of course, walking into a venture capital provider’s office with zero debt and 50% debt are two complete different scenarios.
Do not be in a hurry to discount possibility of certain options. Rather, exercise them and find out whether it is workable or not. Leave the task of refusing your offer or proposal in the hands of the lender or the other party providing the finance.