Getting funding

Before you begin trading you will require sufficient finance, both to set the business up and cover initial running costs. If you don't have sufficient capital at your disposal, you will have to approach other sources for funding. This is where your market research and business plan will be invaluable tools to demonstrate the viability of your business proposition to anyone considering investing in your business.

Hot topic

The fear of debt may be holding people back from starting businesses, according to a survey by franchise operator Domino's. The survey asked 16 to 24-year-olds for their views on enterprise, and found that many were keen to start businesses, but were concerned that such a move would add to their existing financial commitments such as student debts.