Support
Financial help
You can get financial help from a variety of
sources. But first you need to know how much you need.
Do you have sufficient funds to get started?
Only when you've completed your business plan will you know how much start-up money you
will need, if any.
If you need cash you can either borrow it, or
attract investors. The main criterion for both is realism. Don't ask for less than you
need and don't over-inflate your figures as a way of securing capital. Make sure you
present the lender or the investors with a sensible business proposal.
There might be Government support available to you
There are a multitude of Government funding schemes offering grants, loans,
subsidies, and other incentives from a vast number of UK and EU sources.
As many as four out of five small businesses
remain unaware of the public funding schemes available to them - schemes which could
provide vital cash support. So make sure you seek advice on what money might be available
to you.
Taking out a business overdraft or loan
The Royal Bank of Scotland can provide funds to assist your business
either in the form of a business overdraft or
loan.
Guidance and advice
As well as securing the financial support you
need to get your business up and running, it's also important that you fill any gaps in
your knowledge with the guidance and advice of experts. To
gather this information, talk to organisations like your local Business Link, Business
Shop, Enterprise Agency, TEC, or LEC in Scotland.
The specialist advisers it would be useful for
you to contact include: accountants, banks, solicitors, surveyors/estate agents, marketing
consultants, and corporate finance advisers.
One area in which you will find the advice of experts essential is in business and
trading law.
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