October 2016 - First 4 Commercial

Finding Investors for a Start Up Business Owner

Securing investment from business angels or other sources of investment that offer not just financial support, but business support from individual’s who have been there and done it in terms of starting a business, is important to many start up businesses in order to thrive.

Find Someone With Experience of Your Industry – Having advice and guidance from someone who has already been successful in your industry can make a big difference to your success. Not only will they have the knowledge and skills, they will also have other contacts for potential suppliers and investors.

Devise a Detailed Strategy and Pitch – Put together a strict dossier of potential costs and a thorough business plan. Once you have this information, make sure you know it off by heart and put together a pitch that is specific to the person you are talking to about investment.

Prepare for the Chase – A potential investor is unlikely to chase you once you’ve left what felt like a successful pitch. Be prepared to chase and to negotiate long and hard before securing funding, you’ll be expected to pay towards due diligence and any negotiation over intellectual property rights and business angel fees.

If you are a small business owner looking for some funding for an idea to start a company, it can be a very daunting proposition. To find out more about how First4Commercial can help you secure funding that will make a huge difference to your chances of success, please give us a call today and our experts will be happy to help.


Surviving Cashflow Problems as a Small Business Owner

For small business owners one of the first things that makes them come unstuck and can damage the reputation of a company is a cashflow problem. Things can be up and down for a while, but if you have staff members and suppliers to pay it can be a difficult situation. What can you do about it?

Negotiate with Clients – For some companies you just have to stick with their policy, whether a 30-day after invoice period of payment or 60-days. Others, you might be able to negotiate and bring payment periods down if you have a good relationship.

Build Your Savings – Easier said than done, especially at the beginning, but try to put aside some money each month, even if it begins with only a small amount. It will help you get into the habit and also leave you with a buffer for when times are a little tougher than usual.

Short-Term Fix – Over time the other tips here will help build you up and negate the requirement for a short-term fix, but sometimes it is an essential part of doing business and paying the bills. A short-term loan can help cover the costs until clients have paid up, and as long as you know you can pay back you are in a good position.

Covering cashflow problems as a small business owner or freelancer is a daunting prospect at times, but if you need a short-term fix our experts are here to help at first4commercial. Give us a call today and we’ll be happy to help with honest advice and guidance.


Crowdfunding for a New Business

Freelancers are full of ideas; some of them with the creative spark than can ignite a potentially thriving business. Without the funding in place some of these business ideas can just die before taking root. Crowdfunding is one potential avenue from which to secure vital funding to make your dream a reality.

Increase Your Investment Pool – With crowdfunding the investment can start with as little as £10 from a single investor, but you are not restricted in your potential to attract investment. Investors are also risking less in the process so might be more inclined to take a punt on you.

Low Fees – If you are successful with a crowdfunding project, most platforms that you can use will only charge a small fee, usually around 5% of the total raised. This gives you the chance to go all out and secure funding without worrying about what you’ll be losing financially in fees before you’ve even started.

Fast-Paced Environment – You can get the answers one way or the other quite quickly with a crowdfunding project, seeing real time answers from real people with an opinion on your business idea.

If you would like to find out more about a range of funding ideas and how bridging loans can help new businesses take hold and survive those early months please feel free to give first4commercial a call today. Our business funding experts know how to help those with a creative flare for business ideas.


Saving Up Emergency Funds

Putting aside money for a rainy day should be an important task for everyone. It doesn’t always seem possible however, and when emergencies strike you can be left with only a few options. How can you start saving money to help you in the event of the unexpected taking place?

Treat it Like a Bill – When you start a savings account, or begin putting pennies in a piggy bank, treat it like any other bill that you can’t miss a payment on. If you can start with a chunk of money all the better, either way get into the habit of regular payments into your savings, no matter how small.

Don’t Confuse with Your Current Account – One of the worst things you can do when saving is to keep the money in your current account. It can get muddled and much more easily spent. Put it somewhere else, where you have to put thought into transferring it.

What is an Emergency? – If you have managed to save money don’t go spending it all in one go unless it is a real emergency. If your car has broken down then by all means fix it; if your house is damaged, spend the money. Don’t go spending your savings on holidays (unless that was the plan) or clothing you fancy. It isn’t worth it in the long run.

If you are in need of some short-term financial assistance whilst you save up some emergency funds our team at first4commercial are here to help. Pick up the phone and call us today, and our team of financial experts will be able to help. We look forward to hearing from you.

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