• Home
  • About
    • Privacy Policy
    • Write for Australian Women Online
  • Advertise With Us
  • Horoscopes
  • Style
  • Shoe Boutique
  • eFashion
  • Weight Watchers Australia

Australian Women Online

Business, career, health and lifestyle content for women

  • Home
  • BLOG
  • BOOKS
  • BUSINESS
  • CAREER
  • COOKING
  • HEALTH
  • LIFESTYLE
    • Automotive
    • Beauty
    • Fashion
    • Pets
    • Relationships
    • Your Home
    • Your Money
  • TECHNOLOGY
  • TRAVEL
    • Discount Holidays
You are here: Home / BUSINESS / Getting The Funding That Gets Your Business Going

Getting The Funding That Gets Your Business Going

23 September 2020 by Australian Women Online

Share this:

  • Tweet
  • Email
  • More
  • Share on Tumblr
  • Print
  • WhatsApp

Unfortunately, an idea alone is not enough to help make your business a reality. You’re going to need real resources, which are going to cost real cash. Starting a business demands a lot of things, so here we’re going to look at how to make sure you get the funding that you need to get things started.

Photo by Andrea Piacquadio from Pexels

Know how much you need

First of all, before you go asking anyone for money or trying to save it up on your own, you should get a good idea of how much you’re actually going to need. One of the single best ways to do that is to put together a business plan. A business plan, with templates available from the places like Xero, not only helps you clarify the processes of the business. It will also help you crunch the numbers of what resources you will need to get the business started, as well as how much you’re going to have to make to bring back a profit.

Looking for loans

Some businesses are able to bootstrap, meaning they can raise all of the money themselves through their savings, or you might be able to rely on your friends and family to give you the cash injection that can help you get started. For the vast majority, however, corporate financial services like EverBlu Capital are going to be the most likely and reliable sources of help you will get. Another reason to have the business plan as mentioned above is that lenders like to see that you have a solid idea of how any money you’re borrowing is going to be spent.

Could you use an investor?

Loans come with the understanding that you’re going to pay their investment back, usually by charging interest and collecting repayments. Investors typically do not ask you to pay your money back. However, what they will want instead is a share of the business, which will include a share of any of the profits. However, investors can often come with more than just the funding you need. If they’re experienced in business, they can offer advice and insight to help get things rolling for you, too.

Don’t forget about grants

Not all methods of funding will see you owing any part of your business or profits to someone else. However, those methods are few and far between. Small business grants are not available to everyone. However, there’s no risk when it comes to checking which might be applicable to you. Depending on your own circumstances or business proposal, you might be able to get a lot of the money that you need to get your business started without any expectation of having to pay it back in the future.

Some businesses, such as those started in the home, can start off so lean that they don’t need much financial help at all. For the majority, however, you’re going to need to look at how you’re getting the funding essential to get all of the resources that you need.

You May Also Like:

Filed Under: BUSINESS

Ads by Google
  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

New Content

  • The Long-Term Benefits of Property Investment in Singapore for Wealth Building
  • How to Start a Successful Career in Nutrition
  • Best One-Piece Swimsuits to Wear in 2023
  • Identifying Potential Clients and Building Relationships with Them
  • Trending: Vegan Bags in 2023
  • 9 Solar Benefits You Can’t Ignore
  • The Social Benefits of Running: How Running Can Help You Build Relationships
  • Cheek to Chic: How to Achieve the Ultimate Glowing Makeup with Ease
  • How to Transform Your Bathroom Without Breaking the Bank
  • Why You Should Book Yourself a Photoshoot
Technogym

Popular Content

  • Moore Weekly Stars
  • Sexy and Stylish Short Hairstyles for Women Over 60
  • Top 9 Cars for Women in Australia
  • International Women's Day Debate 2016: 'Men and women - equal at last?'
  • Fantastic Furniture Sale
  • Sass & Bide Dream City Boxy Bomber Jacket Forest Green
  • Sass & Bide Let It Shine Embellished Mini Skirt Metal
  • CHARLES & KEITH Double-Wired Aviator Shades
  • Advertise with Australian Women Online
  • Eggs Do Not Need to be Refrigerated at Supermarkets says Food Safety Regulator

Australian Women Online © Copyright 2007 - 2023 Deborah Robinson ABN 38 119 171 979 · All Rights Reserved