Small business owners tend to be ambitious for growth, but this costs money and deciding on the best way to fund expansion requires careful planning. Here we take a look at the pros and cons of using savings versus raising external finance.

In all aspects of life, growth is associated with health, vitality and success – this is true in the business world as much as anywhere else.

For any small business owner growth aspirations will constitute a major component of the business plan. You might not be setting out to become the next Ford or Microsoft, but you are certain to want to see your turnover figures on an upward trajectory over those opening years.