QUESTION: Should I request from clients up front payment of services (maybe for the year) to help out with my move to a new facility?
ANSWER: YES!! Going to close members (ones that have been around for years and you have a good relationship with) and seeing if they would pay in full for the year is an excellent way to boost cash flow to help with the start-up/set-up costs of moving into a new facility. Members are also a great place to look for a loan if you needed additional funding. Obviously you'll get more favorable terms going to friends/family/members than if you were to go to a bank. However, do not give up equity- typically there is not enough profit in the business to satisfy the needs of multiple partners.