Although it would be ideal to start your business with a full bank account that you can use to cover your business and personal expenses for the first year of operation, this isn’t often the case. Most people need to get creative in finding the money they need to start a business. The good news […]
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One of the most difficult parts of starting a new business is figuring out where the funding will come from. Most new business owners use funding from one of these sources: Personal savings Bank loan Friends and family Credit Cards However, if you don’t want to use one of these funding sources, or you can’t […]
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Jul
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Financial forecasts can help your business achieve its goals by making future predictions for where your business is heading financially. They can also help you get funding for your business. It’s not easy to predict the financial future of your business, especially if you don’t have a trading history. However, making financial forecasts is essential […]
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Jul
Jul
Before you apply for a business loan it’s important to understand the types of financial products that are available. [Read related blogs: What You Need to Secure Funding For Your Business; How To Apply For A Business Loan] Loans Loans can vary in the amount of the loan, the terms (or length of repayment), […]
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Jul
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In order to apply for a business loan, you need to be sure to do everything you can to make your application more successful. Below we’ve outlined some of the things you can do to make that more likely. Do Your Research It’s important to do your research before applying for a business loan. […]
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Jul
Part of starting your business is getting the funding you need to turn your idea into a business. Sources of financing can include friends and family, financial institutions, banks, small investors, and crowdfunding. You can also bootstrap your business if you have limited funding sources available. Deciding how you’ll fund your business is an important […]