Why it’s important to spend as little as possible when starting a business, where to get funding and tips on cash flow management and setting prices
In this episode we speak to Guy Bridge to find out about the pros and cons of various sources of start-up funding. Is it possible to start a business with little or no money? What can you claim for when running your business from home all or some of the time? You can also find out about how to keep your cash flow healthy, which is arguably the most important challenge you face in business.
Find links to all the resources mentioned in this episode, along with related content, below.
- Start up costs overview
- Calculating start-up costs
- Limiting start-up costs
- Allowable expenses for small businesses and sole traders
- British Business Bank Start-up Loans scheme
- FSB funding platform (free for FSB members)
- GOV.UK – Business finance support finder
- Find your local Growth Hub
- How we started up successfully without external finance
- Start-up funding overview
- Essential guide to getting a grant for your business
- An accountant’s summary of start-up funding options
Managing your cashflow
About Guy Bridge
Guy is the CEO of Finpoint, a business finance platform that makes it easier for SMEs and their advisers to find the right business finance. Finpoint works with the Federation of Small Businesses and many other organisations. Previously, for 25 years, Guy worked in banking for HSBC, RBS and others, so he’s highly experienced when it comes small business funding and finance.
About our Sponsor
Thanks to the Federation of Small Businesses (FSB) for sponsoring this first series of the Start Your Own Business podcast.
FSB help smaller businesses to achieve their ambitions. They are the leading voice of 5.8 million small businesses and self-employed people across the UK, working to promote and protect their interests.
Whether they're influencing key policy decisions in government, offering specialist advice on everything from HR to insurance, or running local networking events, the needs of small businesses come first.
FSB members benefit from a range of market-leading business services and support, including advice, financial expertise, and a powerful voice heard in governments across the UK. If you’re just starting out on your business journey, FSB can help you every step of the way at fsb.org.uk/start.
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