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Here’s everything you need to know about business finance

business finance

Michael O’Brien, head of technology at accountancy firm Kreston Reeves, explains all the different funding options available to tech startup founders.

Wherever you are on your life cycle, knowing the financing options available to you is a crucial part of growing and running your business.

A key element of securing any funding is having a robust business plan in place and knowing the direction you want your business to take.

Funding for a business can be provided in many ways and will depend on where the business is in its life cycle. However there are two main categories:

  • Equity funding
  • Debt funding

Equity Funding

Equity finance can be used at various stages of your business life cycle and giving up equity can be a big decision....