Answer:
If you have very little in the way of assets, a grant may be better than a loan, assuming you qualify for financial aid - many government schemes aim to get less well off people a decent start in running their own business.

You will need a strong business plan - visit your bank and ask them if they offer any business plan kits - they usually have a good computer program that gives you a simple business plan and cash flow forecast template. Use this to help you build your ideas, and when you have a strong plan that covers things that could go wrong, your marketing strategy, and your budget, you will be in a much better position to approach lenders and benefactors.

First answer by Savemoney101. Last edit by Savemoney101. Contributor trust: 239 [recommend contributor recommended]. Question popularity: 1 [recommend question].