Working without a boss, implementing your own plans and visions – in a word, your own business – is the dream of many people who have very well defined their professional expectations. For most, the key to taking the first independent steps in the business world is finance, or rather the lack of it. It is difficult to start your own business when the wallet is empty, especially if the future business requires the involvement of people and the purchase of appropriate equipment.
However, this does not remove anyone from the list of potential business sharks. In addition to the idea, it is important to raise funds, which on the one hand may seem like an unattainable matter, and on the other, it is an opportunity that the vast majority can reach after all.
Wide possibilities to start
Contrary to appearances, obtaining money to start a business is not as difficult as it may seem, and even more limited to one option. Of course, for many, the first thought will be to get a loan from friends and family.
However, apart from the illusory feeling that it is a safe solution – it may turn out that along with this step we will cross out the good relations with our dear people. Better solutions include subsidies and loans, as well as the famous Business Incubators.
They have enjoyed unflagging interest for many years. Subsidies from the European Union implemented in the years 2007 – 2013 were the best offer of this type. Those interested could count on a non-returnable amount of approximately USD 40,000 and help in paying social security contributions.
Currently, not much is happening in this matter, a new project within the EU has not been outlined. However, you can still apply for a good subsidy from the Labor Office – this is about USD 20,000
The best solution when it comes to loans is joining the government’s “First Business – Startup Support” program. The pilot plan, which has not been so busy until now, has a round pool of funds to be allocated. The beneficiary is 7 years old to pay back the contract, and the amount bears interest at only 0.44% per annum.
Importantly, high school and college graduates can apply for funds from this pool. The money obtained should be used to start a business or employ an unemployed person. The total amount you can count on is over USD 80,000.
Loyal bank customers who have so far obtained a positive verification rating can take advantage of individually prepared offers. In this case, the path depends on the characteristics of the bank and its loan plan. Unfortunately, it is not always possible to get support in this way, especially if our current income is low or irregular.
Unique projects can count on the support of so-called business angels
Which are active entrepreneurs who support their clients in the long term? The idea has nothing to do with the so-called private loans, it is completely secure and legal. In other words, these angels invest in innovative ideas not only their financial resources but also are a kind of mentors.
There are several renowned institutions in Poland that associate people willing to take part in the program and invest in newly established companies. Entrepreneurship Incubators known for years that support technological projects operate in a similar way.
Searching for the best solution should be guided primarily by the specifics of future operations. If it has innovation and finds a niche on the market, there are many indications that getting financial support is only a matter of time.