Where do you get the cash to get going?
Maybe, that's not the question to ask..
There are so many more interesting, exciting and creative ways to start your business than borrowing money.
You don't want to start your Business in debt, you want to start in profit.
Err wrong actually...
This is one of the biggest myths about starting a small business and we're going to smash it down right now!
It's ok you're not the only person who thinks this! It's actually what we've always been told and brought up to know!
Around one third of all the people we meet at the PopUp Business School have lack of cash as their biggest barrier stopping them from getting started.
If we blindfolded some of the biggest names in business, threw them in the back of a transit van, drove them to a random city and then threw them out onto the street. Take away their CASH, CREDIT CARDS and SMARTPHONE. Do you think they could make money?
Damn right they could. Once they got over the shock of no wifi, obviously...
(We actually think we should do this - it sounds like great fun.)
All this stuff we've been taught over time is wrong: you DO NOT need money to start a business!
Here's what we do know...
We do know that sometimes you need a bit of money to get going. There's things like equipment, some products, maybe transportation, marketing stuff, possibly a phone or computer... We can get around that!
Here's what NOT to do:
do not take a loan.
The traditional approach to starting a business is dead. Forget it. You don't need a business plan and you definitely don't need funding.
The FISRT thing you need to do is watch this video:
Check out this video about funding, Alan's favourite subject.
It takes money to make money?
Have you ever heard the expression "it takes money to make money"?
Well we don't believe that at all. We think you can set up with nothing and get going quickly. Although we do agree it can be nice to have a little bit of help when you are starting.
Which is why we are so excited to announce that in conjunction with Alliance Homes we have got some funding for small businesses to give away. We have £5000 which we will be giving away in £250 lots to help people set up businesses and get going.
All you need to do is coming along to the Pop-Up Business school event in Weston Super Mare and find out more.
During our Weston event we are going to be teaching you everything you need to know to start your own business and then we are going to help you get some funding to get it off the ground!
We will be releasing more about how to get the funding over the next few weeks, keep checking the blog and sign up to come along to the Weston Super Mare event now