Forum Discussion

Purposefamily's avatar
Purposefamily
Contributor 4
3 months ago
Solved

How did you fund the next stage of your business?

Good morning, everyone!

As I’m planning for the future, I’ve been thinking about the best way to invest in growth—whether that’s equipment, trailers, additional employees, marketing, or expanding services.

I’d love to hear how other business owners approached funding their next stage of growth.

Did you:

  • Save and reinvest profits?
  • Use financing for equipment?
  • Apply for grants?
  • Use business credit?
  • Take another approach?

Looking back, what decision had the biggest positive impact on your business, and what would you do differently?

I appreciate any insight you’re willing to share. Hopefully this discussion can help other small business owners who are working toward the same goals.

  • Good morning! Great question. I’m currently building my business and learning that growth takes a combination of patience, reinvesting, and making smart decisions.

    My focus has been on building a strong customer base, putting profits back into the business, and looking for opportunities like grants or financing that can help me invest in better equipment and expand services. I’ve found that the biggest investments are the ones that help you save time, improve quality, and allow you to serve more customers.

    If I could do anything differently, I would have created a stronger growth plan earlier and focused more on systems that make the business easier to scale. At the end of the day, building a good reputation and taking care of customers is what creates long-term success.

    Looking forward to hearing how everyone else approached their growth journey!

18 Replies

  • roselvaggio's avatar
    roselvaggio
    Verified Community Coach

    Unsure if you've attempted this route, but an SBA 7a loan was a game changer for us! Lowest interest rate you can find!

    The second best I've found is the Jobber Capital loan (As far as interest). 

    Be aware of MCA and loan sharks, they've almost bankrupted us with their hidden fees and payback timelines!

  • Good morning! Great question. I’m currently building my business and learning that growth takes a combination of patience, reinvesting, and making smart decisions.

    My focus has been on building a strong customer base, putting profits back into the business, and looking for opportunities like grants or financing that can help me invest in better equipment and expand services. I’ve found that the biggest investments are the ones that help you save time, improve quality, and allow you to serve more customers.

    If I could do anything differently, I would have created a stronger growth plan earlier and focused more on systems that make the business easier to scale. At the end of the day, building a good reputation and taking care of customers is what creates long-term success.

    Looking forward to hearing how everyone else approached their growth journey!

    • Purposefamily's avatar
      Purposefamily
      Contributor 4

      Good morning! I really appreciate you sharing your perspective. I think you hit on something that a lot of us new business owners are learning—growth isn’t just about getting more customers, it’s about making wise decisions with what you already have.

      I’m still early in my journey with Mowing With A Purpose Landscaping, and one thing I’ve learned is that investing in relationships can be just as valuable as investing in equipment. Whether it’s helping an elderly customer beyond the job, volunteering in the community, or giving back with free Father’s Day lawn cuts, those moments have built trust that no advertisement can buy.

      Like you, I’m also trying to build systems that make the business easier to scale while reinvesting every chance I get. Reading posts like yours reminds me that we’re all figuring it out together, and that’s what makes this community so valuable.

      Wishing you continued success as your business grows, and I hope we both get to look back a few years from now and see just how far we’ve come. Thanks for taking the time to encourage the rest of us!

      • mims01's avatar
        mims01
        Builder 1

        Well said! Customers may hire you for the work, but they remember how you made them feel. Your focus on giving back and building trust is what turns first-time customers into lifelong supporters. Keep growing—you've got a great foundation. 💪

  • I’m in the same boat. I’m building my pressure washing business, and every day I’m learning something new. One thing I’ve realized is that there’s no shortcut—you just have to keep showing up, do good work, take care of your customers, and keep reinvesting in your business.

    Some days are slower than others, but I remind myself that every business starts somewhere. Wishing you the best. Keep pushing forward—we’ll get there

    • mims01's avatar
      mims01
      Builder 1

      I agree 100%. There really is no shortcut — it’s about showing up, improving every day, and taking care of the customers who support you. Small steps turn into big results over time. Wishing you continued success with your pressure washing business! 💪

  • PestFreeCanada's avatar
    PestFreeCanada
    Verified Community Coach

    I am trying to stack my bank account as much as I possibly can. Each month taking notes on how much I spent and how much I have saved.

    Once I have a really good idea of what a normal or average month looks like for me, I will be able to know what I can afford to risk spending on growth.

    • Nellykid2369's avatar
      Nellykid2369
      Contributor 3

      I haven’t implemented it yet but you MUST get the book or Amazon audio called “PROFIT FIRST”  IT WILL  CHANGE THE GAME I’ve been listening to it and man it teaches you something different that if you stick to what he says your business will flourish hands down look into it read some of it listen and get back to me a total different insight on how a business is run on the financial end YOU WILL BE IMPRESSED I know a couple of guys doing it the last few years and it works PROVEN!!!

    • Purposefamily's avatar
      Purposefamily
      Contributor 4

      I really like this approach because it focuses on understanding your business before making big investments. That’s something a lot of us overlook in the beginning.

      One thing that’s helped me is treating every dollar with a purpose. I use systems like Jobber to keep customer information, estimates, invoices, and payment history organized. Having everything in one place makes it easier to see where the money is coming from, which services are most profitable, and where I can cut unnecessary spending.

      Another habit I’m building is setting aside a percentage from every completed job before I spend anything. I like to think of it as paying my future business first. Once you build a healthy reserve, that money can start working for you—whether it’s earning interest in a high-yield savings account, purchasing equipment that helps you complete jobs faster, or investing in marketing that brings in repeat customers. That’s when your money begins making more money.

      I also try to look at purchases through the lens of ROI. If a tool, trailer, mower, or software can save hours every week or help me serve more customers with better quality, it’s an investment instead of just an expense.

      Thanks for sharing your strategy. Wishing you continued success, and I hope your savings grow into opportunities that take your business to the next level! 💪📈

    • mims01's avatar
      mims01
      Builder 1

      That's a smart approach. Knowing your numbers before making big investments can help you grow with confidence instead of guessing. Having a clear picture of your monthly expenses and savings makes it much easier to decide when it's the right time to take the next step. Wishing you the best as you keep building!

  • Hi, From my experience, I’d say invest in revenue generating equipment and seek financing sooner for large purchases, Delaying purchase to save 100% cash can stall business growth potential.

    • mims01's avatar
      mims01
      Builder 1

      That's a great point. I've always wondered where the balance is between staying debt-free and investing in growth. It seems like making strategic purchases at the right time can really accelerate a business.