When looking to access funding opportunities, choosing a funding advisor can significantly enhance your chances of success.
A funding advisor will create a strategic plan tailored to your business needs, which can be your gateway to obtaining various loans, grants, and other funding sources to purchase technology, equipment, software, and more.
It can be frustrating to anticipate receiving financial support, only to realize that a portion of it is used to pay for advisory services. However, the investment in a funding advisor is designed to help your business thrive through a well-thought-out, professionally developed strategic plan.
In this blog, we’ll explain:
- Why a funding advisor is crucial in developing a successful funding strategy
- The added benefits of working with a neutral funding advisor
- How to get started with the process
Why Are Funding Advisors Important?
Funding advisors act as neutral, non-governmental planners to help ensure economic investments are used optimally. Only approved funding advisors are equipped to build you a comprehensive plan that can help you access various funding opportunities.
These plans are designed to help your business succeed by making the best use of the available funds. Think of it as an investment in your future growth and sustainability.
For businesses, the best use of new funding is to carefully plan how much money to invest for the future and determine how these new resources can save and generate money.
That’s the essential point of a funding plan. It’s your roadmap to a successful enterprise, highlighting ways your business can improve digitally and the value of each investment.
Another important note: funding advisors aren’t responsible for setting the rules of the funding programs—they follow the same guidelines as their clients. This ensures that advisors act in your best interest, using your investment in their services to build a solid plan for success.
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Why a Funding Advisor is Important in Developing a Successful Funding Strategy
While working with a funding advisor is not mandatory, it may still be in your best interests.
If a digital transformation and adoption of AI technologies is an important part of your business strategy, your best chance of a successful integration is to work with a team of professionals who have helped dozens of other businesses adopt AI – and have helped those same businesses access funding opportunities to help take the edge off their digital investment.
How do businesses benefit from working with funding advisors?
Businesses that submit a winning plan with an approved advisor can apply for significant funding, including grants and interest-free loans. This is particularly valuable in an era of high interest rates.
Interest-free loans are beneficial, but the most valuable outcome of the advisor’s consultation is the strategic funding plan. Advisors customize each plan with:
- A thorough business and technology analysis
- Recommendations for optimal technologies to meet business goals
- A roadmap for successful implementation
- A timeline and investment budget tailored to potential funding
Why is a funding plan worth the investment?
A professional business and technology plan significantly increases the likelihood of:
- Faster digital upgrades
- Better support for team members during transitions
- Quick realization of returns on investments
This is why strategic planning is a common practice among top businesses and why it’s crucial for securing funding. Investing in a solid plan helps businesses grow and compete effectively.
The Added Benefits of Working with a Neutral funding advisor
At its core, effective funding stimulates the local economy and helps businesses compete in a global market. Ensuring funding is used efficiently prevents waste and maximizes economic impact.
Our funding advisors work hard to ensure that our clients are getting objectively strategic advice regarding which technologies best suit their needs, how to access funding to help make digital and technological investments, and how to integrate these new technologies effectively into your team with as little upset and chaos as possible.
In short, New Motto builds tailored funding and digital adoption strategies for each unique client.
Although New Motto also provides digital marketing, video, and integration services, the strategy you receive will not be designed to require you to work with New Motto beyond your funding and digital adoption strategy.
Kyle Kuchmey, founder of New Motto and one of the funding advisors, explains: “We provide planning consultations to ensure all of our recommendations are in our client’s best interest. We cannot build ourselves into the implementation funding, ensuring our advice is unbiased.”
In other words, we want you to feel that you’ve received the best service possible, without feeling any pressure of an obligation to continue working with us for the implementation process – although we are here to support you if need it.
Our advisors have a proven history of leading successful plans and act with integrity, ensuring businesses receive sound advice on technology upgrades and overhauls. This structure safeguards tax dollars and increases the likelihood of a positive economic impact, including more jobs, increased corporate tax revenue, and enhanced global competitiveness.
These benefits all start with the funding advisor consultation
The Role of AI in Supporting Business Growth
Artificial Intelligence (AI) has the potential to revolutionize businesses by automating processes, enhancing customer experiences, and providing data-driven insights.
However, transitioning from old systems to new AI-driven ones can be expensive and complex. This transformation is worthwhile when done correctly, as it can lead to significant improvements in efficiency and competitiveness.
Investing in AI is more beneficial when guided by experienced professionals who help create a strategic plan before making decisions. Knowing what you aim to achieve with AI is crucial; simply adopting the latest technology trends without a thorough plan can lead to wasted resources and unmet expectations.
A well-thought-out strategy ensures that AI and other technologies are fully integrated into your business processes, aligning with your specific goals. This approach maximizes the return on investment and helps your business leverage the full potential of digital advancements.
Start the Process of Working with a Funding Advisor
If you’re ready to work with a funding advisor, you’re in the right place! New Motto is the home of a team of professionals with years of experience working with hundreds of clients in dozens of industries to develop successful digital strategies.
You can book a consultation with one of our advisors, or start a LiveChat to ask more specific questions (find the Chat icon at the bottom right-hand corner of our home screen).
Funding advisors help businesses navigate various funding opportunities successfully. We are always happy to answer any questions you may have and look forward to helping you access the funding you need.