There are a number of options available to you:
- use your own funds;
- bank loans;
- business angels;
- small firms loan guarantee.
Wherever possible you should use your own funds. That way you wonâ€™t be burdening your new business with loan repayments. Obviously this wonâ€™t always be possible. Continue reading “Who is Going to Finance Your New Venture?”
Working capital is the amount of money you have available to run your business on a day-to-day basis, and without it, you will be unable to trade successfully.
This is as opposed to fixed capital, which is the capital you use to buy your fixed assets, for example what you spend on items such as buildings, vehicles, machinery etc. Continue reading “What is Working Capital?”