RICH PICKINGS: DIY fund-raising

What becomes of the super-rich when funding dries up? Like Kerry Stokes, the Gerards and the Pratts, they have to get creative and find ways to raise money – all by themselves.

It’s a conundrum that's plaguing the minds of thousands of company directors across Australia: The economy is recovering, expansion plans are a priority once again, and the world is full of opportunities to grab market share and make strategic acquisitions. But there’s one hitch – the banks just aren’t willing to provide the funding to back these plans. Worse still, the rising price of debt is starting to cause headaches.

While you will find this drama playing out in thousands of SMEs around Australia, it’s also a problem that many of our wealthiest entrepreneurs are dealing with.



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