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The many different ways that you can finance a business

Running a business can become an expensive task, and there are instances when you might need to look for further investment. This could be for growing your business, acquiring another company that compliments yours or helping with the development of future products and services. It is crucial that before you embark on any growth strategy, you speak with a Tewkesbury Business Advisory company such as Randall and Payne to ensure that it is appropriate for your business at this point in time. If you decide to go ahead, there are several ways that you can look for financing.

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Self-financed – if you are looking to start a business from scratch, you might be looking at self-financing this. It can be challenging to get financing for a start-up as banks won’t want to lend on a business that has no trading history, and it can also be difficult to get investors on board. If you are looking to grow your business, you might not want to self-fund this as the other options mentioned below might be better in this situation.

Bank Loan – bank loans can be difficult to get on businesses unless you can prove that you will be able to comfortably pay back the money within the given time period. It is often used when a company is looking to grow or buy another company. This will require lots of meetings with the bank and a detailed business plan with projections and forecasts to be able to meet the bank’s criteria and to prove to them that the growth or acquisition is a safe and prosperous one.

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Investors – if you have ever watched Dragon’s Den, you will be familiar with the idea of investors giving you money in return for equity in your business. This needs to be thought through properly and discussed with your accountant to ensure that you are not giving away too much equity in your company. It can be helpful to have the support of another business professional, but in some cases, you might find a silent partner who will fund your requirements but will not get involved in the day to day running of the company. Again you will need a robust business plan and goals and projections for the next few years.

There are other options available such as grants and crowdfunding. These again need to be thought about in terms of ensuring that your company meets the criteria for any grants and that you have thought about equity shares that you may be giving away as a part of a crowd funding agreement. It is essential that you explore all the options available to you and pick the best one for you and your business circumstances.

Why We Need to Raise Mental Health Awareness

It is estimated that millions will experience some type of mental illness each year. Yet, despite these staggering statistics, only half of them seek professional help. In fact, most of them wait for many years or longer to receive treatment. This lack of awareness about mental health conditions stems in large part from the stigma associated with seeking treatment. Perhaps the most effective way to combat this stigma is by raising public awareness.

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The stigma associated with mental illnesses prevents many people from seeking treatment, and it also keeps people from realising that there is help available. The shame surrounding mental illness often impedes recovery and can keep people from pursuing treatment. Suicide rates are higher in men and this shows little sign of changing anytime soon. Regardless of race or ethnicity, it costs a high social and economic toll on those affected and the family members of those who have committed suicide. For a range of Mental Health Courses, go to Tidal Training Mental Health Courses

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Moreover, raising awareness about mental illness reduces the stigma associated with it. Studies have shown that one in five adults will suffer from a mental disorder during their lifetime. Not only will this affect the sufferer, but it will also affect their families and friends. The stigma surrounding mental illness makes it harder for people with a mental illness to access help, which can be detrimental to their wellbeing. By raising public awareness about mental health, healthcare workers can make a real difference in creating a better space for people to deal with their issues.

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