Finding the right finance and funding opportunities for your business is vital to supporting growth.
Once you know how much financial support you’re going to need, you can begin to explore the options with our trusted guidance. A good place to start is by estimating the amount it will take to run your business for the year. This will help you assess your borrowing requirements.
During this finance and funding assessment, you should take into account:
- How much funding you will need
- Your financial forecast
- Whether you can utilise personal assets
Once you have assessed these aspects, there are several key funding routes available. Many businesses choose to take advantage of grants and loans. For small business start-ups, grants can be an important part of the funding mix, and they’re relatively easy to come by if you know where to look. There are a number of organisations willing to help you understand which opportunities are best suited to your development plans, which can be found here.
Alternatively, crowd-funding, angel investment, and invoice factoring are excellent developmental steps and reliable financial support methods.
Whichever route you choose to support your business, we’ve put together a simple guide to help you navigate the multitude of planning and advice available.
Planning & Advice
Whether you’re just starting up or looking to expand your business, planning is key to maximising your financial support.
- Find out why a business plan is critical to your success here
- Read Startup Donut’s ‘Essential Guide to Writing a Business Plan’ here.
- Watch Young Entrepreneurs’ video guide to writing a one-page business plan here.
- Find out about budgeting for a new business here.
If you would like support or help, get in touch with our friendly advisors: we can schedule a meeting or call to discuss your options and provide free unbiased advice to help you succeed and grow.
A good place to start is by estimating the amount it will take to run your business for the year. This will help you assess your borrowing requirements.
Once you know how much financial support you’re going to need, you can begin to explore the options.