Nearly every single person that I speak to about their business asks me what grants they can get? This does my head in! I really can't understand the mentality of people who think that because they live in a particualr country and are starting a business that the government should give them money (my tax payers money).
Now don't get me wrong I think the state has a duty to help foster and grow new business particularly those that are concerned with innvoation, international trade or are creating notable employment, however giving money away to a new business such as a hairdresser, a plasterer or a plumber is just displacing another business and doing nothing for the economy. There is nothing at all wrong with these trades and if we want to create an Enterprising Culture then we need businesses like this to do that however that does not mean the government should give money to people simply because they'd like to line their own pockets rather than those of their employer.
My ideal scenario would be to see a central loan fund, similar to the student loan system whereby interested applicants can submit a business plan for a low interest loan with a repayment holiday but crucially something that they will pay back! This money could then be reinvested into the next business whether it be a plasterer or a innovative electronics company. No one gets a hand out but everyone gets a hand.
Technorati Tags: business, grants, funding, loans,
Now don't get me wrong I think the state has a duty to help foster and grow new business particularly those that are concerned with innvoation, international trade or are creating notable employment, however giving money away to a new business such as a hairdresser, a plasterer or a plumber is just displacing another business and doing nothing for the economy. There is nothing at all wrong with these trades and if we want to create an Enterprising Culture then we need businesses like this to do that however that does not mean the government should give money to people simply because they'd like to line their own pockets rather than those of their employer.
My ideal scenario would be to see a central loan fund, similar to the student loan system whereby interested applicants can submit a business plan for a low interest loan with a repayment holiday but crucially something that they will pay back! This money could then be reinvested into the next business whether it be a plasterer or a innovative electronics company. No one gets a hand out but everyone gets a hand.
Technorati Tags: business, grants, funding, loans,
2 comments:
Nice post. I want to run my own business soon, so I'll remember this one. I know it'll be challenging, so I can use all the help and advice I can get. I've been thinking about buying a business lately instead of starting one from scratch. Maybe a franchise? I don't know. Do you have any suggestions or advice? Thanks!
@Angela - I can tell you this now... Running a business will be tough. I'm sure there will be days you'll want to give up, but if you stick through it and persevere, becoming an entrepreneur will be worth it. That being said, there are a lot of resources on-line if you're looking to buy a business instead of starting one from scratch. I know there's this site called BizTrader.com, and it's like this on-line global marketplace where you can buy or sell a business. You can also use it to find a lender, broker, etc.
I also highly suggest checking out books and magazines, since they're generally up-to date with information. Local small business groups are also good because you can network, and they can update you on the area you plan on doing business.
Good luck!
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