95% of entrepreneurs worldwide finance their own startups
Limited access to startup finance is a gripe of many entrepreneurs, many of whom can only dream of successfully securing funding from venture capitalists.
The Global Entrepreneurship Monitor 2015-16 Special Report on Entrepreneurial Finance, recently revealed that only 0.16% of small businesses in the United States received venture capital in 2015. The report is the first of its kind since the economic downturn in 2008 and discusses new research which indicates that since the 2008 recession, availability of funding and the cost of starting a business has evolved.
Although startup costs have reduced, obtaining further funding has become much more difficult and consequently entrepreneurs are investing more of their own money into their businesses than in previous years. This has also led to the rise of crowdfunding platforms and community cooperatives as small business owners search for that vital funding to make their ideas happen.
Read more on the report here.
To help you make the right financing decisions for your business…
Put together by the British Business Bank and ICAEW Corporate Finance Faculty, with contributions from 23 bodies, the business finance guide is an invaluable tool for entrepreneurs starting a business or directors managing established, growing companies of all sizes.
The guide provides a comprehensive overview of financing options available to businesses at all different stages of growth. Financing decisions are critical and thus awareness of the choices available is crucial in helping businesses to make well informed decisions.
There is both a print version and an interactive online version available. The interactive version neatly guides you through each stage of the financing journey.
Click here for more information and access to the guides.
Show me the Money! – Friday 20th November, 9.30am-11am
Enterprise Team Manager, Jon Powell, will introduce the many different options for financing your startup or business growth.
- Time: 9:30am – 11:00am
- Location: Green Lane, Long Room
- Pathway: Entrepreneurship
- Lancaster Award points: 5pts
What’s this event about?
This workshop will be a series of quickfire presentations introducing different options for financing start up or business growth.
Hear from Santander, LUSU Innovation Team, the Enterprise Team and others who can help you to find funding for your enterprise idea.
Bacon sandwiches and refreshments will be provided – please email email@example.com with any dietary requirements.
Book your place here.
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