For a would-be entrepreneur, finding a business startup funding can be one of the biggest challenges. When launching a new business venture, many of us find it easier to make a great deal of research, prepare, and develop the skills needed for entrepreneurship, but have a difficult time coming up with the financial resources to get their new business off the ground.
As a first step, you should list the various potential sources of funding available to you and determine which approach will be best, given your own unique needs and time frames.
To begin with, you should first determine how much does it cost to launch your new business. The answer to this question depends largely on the type of business you are looking to start and the choices you make along the way. This includes determining whether you will need to purchase new equipment or not. Then, will you be renting or leasing a location for the business and, if so, will that space require any renovations?
Some businesses need to hire employees in order to operate properly. But luckily, many businesses (e.g. those that are Internet-based) can be started with minimal budget and run from home with no employees, inventory or any equipment other than a computer.
Whatever your business type is and you are looking to fund it, you need to check out this article to learn how the government can help you: http://www.smartcompany.com.au/startupsmart/advice/startupsmart-funding/five-top-government-grants