Financially starting your business
"How do I get a grant, loan or some sort of startup funding for my business?"
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In general,this is the first question I'm asked by new clients thinking of starting their own business. Although it's possible to receive a grant, loan or startup funding in certain circumstances, it is very rare that people actually get the funding they requested at the end of what often takes weeks of research and filling out paperwork. So ask yourself, "how much do I really need to get started?"
Most people seem to think they need at least 10,000 to get set up in business, and are convinced that if someone just gives them the money, everything will be easy and they'll be raking in the cash in no time. This may be true for some, but most people will struggle with some elements of running and managing their own business in the early days.Every issue they face will be magnified by the fact that they are indebted to some organization who they have to start making payments to before they even know if their business will be financially successful.
Why not make starting, running and managing your business a lot less stressful for yourself? As our name suggests, we help people with practical information on how to start their business with low cost or no cost options. Start small, start profitable, learn the ropes and your strengths and weaknesses. Then, 6 months down the road,if you still need money, it is a very different conversation you will have with the government or bank in order to secure funding.When you can show that you have been running your own business profitably for the past 6 months, you generate an instant credibility with whoever it is that may be considering investing in you.
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Posted in Financial Services Post Date 08/04/2021