Support And Resources
Support and resources
Now that you are near the end of this course, you should feel ready to talk to people who can offer you advice on your business plan and help you secure funding. You may also feel ready to further your knowledge via other learning resources.
This module provides examples of ways to access advice and support when starting your business.
It also offers suggestions for further reading if you want to acquire additional skills that will help me start a business successfully.
Topics to be covered
Accessing support
Finding financiers and investors
Further resources
Accessing support
Research has shown that when businesses seek advice and support, particularly during the start-up phases and first few months of life, they are more likely to survive and succeed.
You can get help and support from:
- A business mentor or advisor
- An enterprise agency
- Business forum
- The bank
- An accountant
- A lawyer
- Other small business owner
- Friends and family
- Business and networking events
You can also visit the business section on your local cities government site, which will offer advice specific to your area
Business advisors, mentors, family members, and friends can give invaluable support for your starter.
They can:
- Listen to and give feedback on your ideas Spot potential problems and pitfalls in your plan Help you organize your research Find and explain any sources of finances available to you Help you produce your business plan
- Make sure you have the support and understanding of friends and family when you start your own business, as the start up. Often takes up most of your free time and causes disruptions, especially if you work from home.
Never be afraid to ask for help and advice. Most people are happy to help, especially those with experience. Starting a business is a huge venture and you can never be too prepared.
You need to consider how you will carry out tasks, such as administration, finance, website and social media maintenance, customer support.
It may be difficult, even impossible, to do everything yourself, meaning that you need to get outside help.
Business administration could be carried out by:
- Family/or friends
- Specialist businesses to which you outsource Staff you employ Be sure to include details in your business plan.
Finding financiers and investors
Securing financial support is one of the most difficult parts of starting a business. Chances are you will speak to a lot of people before finding the right financier.
There are numerous avenues you can take to get your business plan seen by potential investors and secure the money you need.
You could:
- Speak to your advice networks, like a business advisor, an agency, the bank, or other business owners
- Visit your local chamber of commerce
- Try angel networks Visit the government website
- Visit the business section of your local areas government website
Summary
Now you have reached the end of this starting a business calls and should feel thoroughly prepared to launch your own starter.
- You should now understand the challenges and benefits of starting your own business and recognize the qualities that makes a successful business owner and business idea.
- Do you know recognize the fact various legal aspects of starting your own business, including the different structures your business my take on the importance of registering your business you are aware of the sections of a business plan should include, know how to carry out market research, and understand the importance of having solid marketing, operations, and now you have reached the end of this starting a business module you should be prepared to start your own business.
- You should now understand the challenges and benefits for starting your own business and recognize the qualities that makes a successful business owner and business idea.
- You now recognize the fact various legal aspects of starting your own business, including the different structures your business may take and the importance of registering your business
- You are aware of the sections a business plan should include, know how to carry out market research, and understand the importance of having a solid marketing, operations, and financial plan
- Lastly, you know where to seek support and advice to help get your business off the ground and where to acquire further knowledge and skills.