Choose the right finance when starting up


Every new business needs money when starting up.

Before the first sale is made, the majority of businesses will need to:

  • buy equipment
  • establish the workplace
  • meet marketing costs

Once you're trading, you'll need cash to pay the bills and keep the business going.

There are a range of financing options when starting up, and choosing the right ones for your needs is essential.

You can:

  • use your own money
  • borrow from banks
  • borrow from family and friends
  • attract outside investors

Grants and government support may also be available.

Most businesses use a combination of these alternatives, according to their specific needs and circumstances.

For more information please see Starting a business: Useful links and information.