Dare I Approach A Bank?

After going through explosive growth once before, I have a dilemna. You see last time, we didn't realise it would explode. And it did.

Am I scarred by my past so much so, that I can't take an opportunity to grow?

You see the touch-paper is lit. We're about to fly into the sky. And if we decide to jump aboard, we're a little scared this time that someone has stowed gun-powder again.

This time though, it's a bigger rocket. The deals we are doing are bigger and badder than before.

But then again, we've already done some big deals. And they weren't bad. In fact, the retainer income and the ease was proportionally less effort than we anticipated.

We had some adjusting to do, but the second and third big client became easier than the first.

I have written a business plan. I have the financials for 3 years. I have discovered some potential government-backed routes.

Anyone who has read this blog before - firstly sorry for losing the continuity - but secondly what's your take?

The global recession is working in our favour. The quotes we have "live" right now, exceed our entire last year turnover.

My gut says find a way to do it. My mind is scarred by past experiences. But the quality of what we're doing is opening doors. We're very good at establishing growth.

But have we learned our lessons?

Should we consider a partner to guide the ship (even a remote control partner) while we go do what we're best at?

Myself, Steve and Angela are an unstoppable force when we get going. And the rest of the team is the best we've had (by far).

But when it comes to finance and borrowing to justify the momentum, I get nervous. I suspect we qualify for the new government-backed finance.

The plan fits the criteria exactly.

I got in an accountant who is accusing me of pessimism in it!

Or do we "merge" with someone else to plug the gaps?

Or are the banks really lending? In terms of the new guarantees, they are approving £1M a day for small businesses in the UK right now - and that's only over the last few weeks.

Or should we re-trench, slow it down and miss an opportunity that is ripe for a company that can outsource an internal IT function with ease (and reduce costs for organisations that need to)?

IF ANYONE IS STILL LISTENING, I'd love your views. While this is a muffled shout to the big place which is the internet, if anyone hears the first cry for opinion, please give your views now.

Cheers

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