UK
Steps for Researching the Right Investment
Unless you’re lucky enough to have access to your own capital, starting out in business often means looking for outside investment. There are many options available – from government grants to angel investors – and it’s tempting for fledgling businesses to take whatever they’re offered. But there’s a lot to be said for researching potential sources in terms of what they want, where they’re based, and who they’ve already invested in, before you decide on your target.
If you choose not to apply for a bank loan, one of the first steps you should take is to look into grant funding. Free support is always worth a bit of research – in particular, check if there are limitations on what how the money is used, to ensure you can still go ahead with your business plan. National and regional government websites will offer more information of the type of grants and their stipulations.
