It's no secret that starting out in business is hard; one of the more frustrating aspects of being a small business owner is having sky high dreams - researching the perfect way to improve your products, design a swanky new marketing campaign or lusting after that new piece of equipment, only to do the sums and find the biggest barrier is the lack of cold, hard, cash. We don't all have Daddy's trust fund to rely on, or a wealthy spouse to foot the bill - and, despite the best interests of those that advise us to have at least 6 months capital behind you before you start - this world we're living in is a financially unstable one so the perfect scenario for starting your business is no longer applicable. However, there are now so many avenues available to grab yourself a chunk of cash to elevate your business to new levels, from government loan schemes to public crowdfunding - there's bound to be something below that could be available to help you come one step closer to achieving your dreams.
- The Prince's Trust Enterprise Programme (UK only)
- Start Up Loans (UK only)
- Unlocking Potential Grad Start Up (Cornwall only)
- Love a Local Business (UK only)
- Kickstarter (worldwide)
This is by no means a comprehensive list of funding available for small businesses - make sure you check your local area to see if there's a project available to you. Also don't discount packages that don't offer cold hard cash; mentoring, training and support could actually take your business so much further than a lump sum could. The cynical among us may wonder if the above could really be true - you don't get something for nothing in this life, right? But small businesses are the backbone of our communities and keep our economies strong. Small business supports honest people, with honest hearts and souls.
So, I'd love to know, what funding would you apply for and why?
Image by Champagne Lotus at So Eclectic