If you have a current salary, other earnings, savings or assets, they are the beginning of your fundraising efforts. You need to be careful to determine how much you can truly afford to put towards your business and how long it will last – another reason to write a good business plan (see ‘BUSINESS PLAN’). Also, down the line if you are looking for investors, they will want to see that you have valued your business enough to put your own resources into it – in other words, you have skin in the game.

Expert Market | The Beginners’ Guide to Starting a UK Business

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