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Support for Enterprise - Coggle Diagram
Support for Enterprise
Family and Friends
They won't charge you interest
They will give you advice
Unlikely to give you a lot of money
Are likely to ask you for return at some point
Solicitors
Will need to pay
Unlikely to break the law
Price by the hour
Gives good, expert advice
Finance Providers
Usually always pays interest
Able to get large sums
Need to pay a deposit to help guarantee success of the loan actually going through
Advice from business angels
Charities/ Crowdfunding
May have a limit until your able to redeem
Budgets are usually limited
Can build up over time
Are likely to give the money away for free
Accountants
Will be professional, so advice is to be trusted
Services are not free
Accountants do accounting for the business so they don't have to do it themselves
May not suit your business type
Local Council Enterprise Department
Good knowledge of the area
May need to pay
Team dedicated to supporting businesses
Local council budgets are tightening all the time
Friends and Family
Limited help
Accountant advice
Free advice and support is to their best ability
Will want to see your success