How to start your own business: Get funding
Get funding When you start a business, there’ll usually be period when you’re investing lots of time, effort and money before you start making a profit. It’s important to research your market to make sure your customers will really pay for your product or service before you do this. Once you’re confident that they will, you should explore different sources of funding to help with the costs of starting up your business. Government schemes If you need some initial funding to test and develop your business idea, you might be able to get help from a government-backed support scheme. Get a bank loan Once you can show that there’s a market for your idea, one option for funding your start-up costs is getting a bank loan . You’ll need to be able to: · give the bank realistic cash flow forecasts · Prove that yo...