Investment

Discussion in 'Chit Chat & Introductions' started by Colley614, Aug 23, 2012.

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  1. Colley614

    Colley614 Well-Known Member
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    Hi Guys,

    I've recently been accepted for a new business scheme. I get a £250 grant to do market research, I get help with a business plan and cash flow forecast and then I can apply for funding. The funding I can get is up to £7500 with 25% of it being a grant and the rest a loan to get started then after six months I can apply for up to £30k with 25% of that being a grant and the rest is a loan. Do you think its worth going for?
     
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  2. M.K Cleaners.co.uk

    M.K Cleaners.co.uk Grand Master
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    Do you need the money?
    Do you really want to be in debt.?

    If you dont mind me being noisy how much do you make on averedge a month? Not looking for an exact figer
     
  3. Colley614

    Colley614 Well-Known Member
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    My turnover at the moment is somewhere around £650 a month.

    I wouldn't just take the money for the sake of money but if someone on here had a good idea for investing the money in my business then I'd consider it
     
  4. M.K Cleaners.co.uk

    M.K Cleaners.co.uk Grand Master
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    How long have you been trading mate, sorry for all the questions but it will help me give a bit of advice. well what I would do in your situation
     
  5. Colley614

    Colley614 Well-Known Member
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    I started back up in May-June.
     
  6. M.K Cleaners.co.uk

    M.K Cleaners.co.uk Grand Master
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    I wouldnt bother with a loan just yet, still early days.

    My advice would be:

    Take up every bit of free advertisement you can. No matter how small it is
    Canvass as much as you can.
    Leave business cards in all your local shops, with a flyer in the window
    If you have a facebook page, make a business page and post it in all your local ''for sale groups''
    Sign up for google+
    Post add on gumtree, make sure your title is ''Window cleaners(ing) in YOUR AREA''
    Do a leaflet drop if you havent, I didnt have much success with window cleaning service but pulled a few jobs from my other services.
    Ask all your friends/family to chage there window cleaner to you if they already havent.

    After 3-4 months if you dont have much luck, by all means get a loan.

    This worked for me not saying it will for you but a loan is a last resort option in my opinion
     
  7. Colley614

    Colley614 Well-Known Member
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    I agree, I've done most of the things listed.

    I'm just thinking about getting a better van and system. I worried my van may be on it's last legs and then spending some money advertising
     
  8. M.K Cleaners.co.uk

    M.K Cleaners.co.uk Grand Master
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    A van wont get you more business though, It not going to increase revenue. Put you van in for a service and find out?
     
  9. Colley614

    Colley614 Well-Known Member
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    What I mean is I've got an escort with a 250 litre system. I was thinking of upgrading to a transit with a 650 and advertising for big commercials
     
  10. Paul

    Paul Guest

    Is this the Be The Boss scheme ?
     
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