If you run a business or are in the process of starting a business you will understand the importance of business finance, as without money a business really cannot run or function. SO, how do you go about raising those much needed finances for your start-up business or perhaps for your expansion and growth plans?
Well here are a few suggestions:
1. Get an Angel Investor on board, sort of like a silent partner. Find these using websites, local business centres and through word of mouth. Angel Investors are usually well established business people who are now looking to help others with their money. A business plan is required to secure funding from an Angel Investor, so get your up to scratch now!
2. Apply for local government grants and loans. How about contacting your local business centre, council offices and so on, see what grants and funding they have on offer. Prepare a business plan and make sure your financial forecasts are up to scratch and up to date, you will not get anywhere with out of date figures and unrealistic expectations.
3. Ask a bank for finance, or a business loan Have you approached the business you bank with to see what they can offer you? They might be able to help you arrange a loan, overdraft or similar. Why not give them a ring now and see what they can do for you.
4. How about going on a TV programme such as Dragons Den to raise awareness of you, your business, your products and hopefully to secure some finance at the same time.
Top Tips When Getting Business Finance/Finance for your business
1. When applying for any business finance, or business loans please make sure that you have a business plan and some financial projections for at least the next 3- 5 years. Nobody really will want to give you money if you cannot provide realistic financial projections.
2. Have a look at what's on offer both online and offline. You might just stumble across a loan or grant that is perfect for you.
3. Remember that they don't have to say YES. It really is up to you to get business finance, you must make sure your business plan, your forecasts and even you are well presented and polished, as banks, investors and other financial bodies do not have to give you finance, so please remember to give it 110% when you are seeking finance for your new or existing business.
Well here are a few suggestions:
1. Get an Angel Investor on board, sort of like a silent partner. Find these using websites, local business centres and through word of mouth. Angel Investors are usually well established business people who are now looking to help others with their money. A business plan is required to secure funding from an Angel Investor, so get your up to scratch now!
2. Apply for local government grants and loans. How about contacting your local business centre, council offices and so on, see what grants and funding they have on offer. Prepare a business plan and make sure your financial forecasts are up to scratch and up to date, you will not get anywhere with out of date figures and unrealistic expectations.
3. Ask a bank for finance, or a business loan Have you approached the business you bank with to see what they can offer you? They might be able to help you arrange a loan, overdraft or similar. Why not give them a ring now and see what they can do for you.
4. How about going on a TV programme such as Dragons Den to raise awareness of you, your business, your products and hopefully to secure some finance at the same time.
Top Tips When Getting Business Finance/Finance for your business
1. When applying for any business finance, or business loans please make sure that you have a business plan and some financial projections for at least the next 3- 5 years. Nobody really will want to give you money if you cannot provide realistic financial projections.
2. Have a look at what's on offer both online and offline. You might just stumble across a loan or grant that is perfect for you.
3. Remember that they don't have to say YES. It really is up to you to get business finance, you must make sure your business plan, your forecasts and even you are well presented and polished, as banks, investors and other financial bodies do not have to give you finance, so please remember to give it 110% when you are seeking finance for your new or existing business.
