In the first half of 2019 start-ups in the UK raised more money than any year before. From the likes of TV programs such as Dragons Den and The Apprentice, the culture of entrepreneurship and business has taken off in leaps and bounds in recent years. There are more people than ever looking to start their own business and escape the shackles of employment through innovative business ideas. Regardless of the industry or niche, finance is a universal requirement of all start-ups and without it, your new business venture will be lucky to make it out of the starting gate. We’re going to look at some of the ways you can get the cash together for your new business in 2019 and beyond.
1. Share the Financial Burden with The Crowd
Crowdfunding is a relatively new phenomenon that has seen a huge surge in popularity in recent years. Taking advantage of the internet and improved speeds of communication, crowdfunding is now a great way to seek investment for new businesses or products. If you’re thinking of taking the leap of faith and launching a start-up, then it’s well worth spending some time putting together a strategy for a crowdfunding campaign. You’ll want a website, a short video explaining your business or product and you should think about how you could make your offer stand out to investors with ‘early bird’ incentives to sweeten your offer to potential investors.
2. Take Out a Loan
Of course, it’s always tempting to look around at what you have available to sell in order to come up with some quick cash when starting a business, but your car can be a lifeline from business meetings right through to delivering goods. In the early stages of a start-up business, having reliable transport could be the difference between success or failure. There is a solution though, and by visiting www.carcashpoint.co.uk, you can borrow money against the value of your car, which is efficient, affordable and easy.
3. Host a Business Event
Hosting an event or festival can be a great way to get the financial ball rolling for your new business while at the same time providing a great networking opportunity. For example, if your new business idea is focused on a range of vegan smoothies, why not get together with a bunch of likeminded business people and organise a summertime fruit festival? This is a great way to get exposure for your brand, company or product. At the same time, it lets you work alongside others in the industry, both of which are crucial for any new business just starting out.
Whatever option you choose to finance your business goals in 2019 and beyond, taking the jump and starting out on your own will be challenging and rewarding in equal measure. Looking for alternative ways to fund your next business venture be an opportunity for creativity and with the right mindset, you’ll be sure to succeed in getting your start-up business out of the blocks.