Are you the kind of student who can’t wait for the world of work after university? Do you find yourself studying and constantly thinking of an idea you can’t get out of your head? Is money theonly thing holding you back? It is possible to start a business while studying at university; people. You don’t need to worry; below are some ideas on how you can get funding for your start-up.
Your best place to start is by asking your university for help. Depending on where you’re studying, there could be grants in the area to help entrepreneurial students. If there aren’t funds available from the university, you could go to the careers department and discuss your options with them. They can advise on what kind of funding you need and help you start looking.
There are over 200 kinds of grants you can get from the government. Each can help you in certain ways, saving initial start-up costs or providing you with equipment. A warning here: these grants have complex applications. There are several stages, and you must meet certain criteria to be eligible. It’s worth looking into, as they’re designed to help newly-established businesses.
Giving yourself more debt on top of your student loan isn’t the most appealing of options. However, some ethical companies genuinely want to help you. ; they began as a student start-up, so know what you’re going through. If you use a money-lending website, make sure to read all terms and conditions extremely thoroughly.
If you want to take out a loan for your start-up, you could see if your bank can help. You’ll need a business plan and a good financial record. Book yourself an appointment, and remember the staff is always there to help you out. There’s no harm in asking.
Just like so many things, the answer could be online. You don’t necessarily have to follow the traditional routes when it comes to funding projects. Websites like Kickstarter and Patreon are becoming increasingly popular. Using these sites could potentially give you immediate consumer feedback. You’re relying on the public to fund you, so they need to like your idea. If you begin to get those investments, you may be on to something.