Getting Started

Finding Funding

As an entrepreneur, you may find yourself needing to seek a significant amount of funding from banks, investors, or other sources to help you hit the ground running.

However, lenders and investors can be hesitant with new businesses, require extensive documentation, and just generally involve a lengthy process.

Needless to say, finding the finances you need to start a business can be quite a challenge, and that’s where the BAND team can help you to understand the steps you’ll need to take to access funding to support your new business.

Managing cash flow

Owning your own business means new responsibilities…

One of the most important things you need to do to ensure a successful business is manage your cash flow.

This involves finding a balance between the need to invest and the need to generate revenue – something that new entrepreneurs can find challenging. An experienced business advisor and accountant, with an understanding of the creative industries, will be able to assist you in how best to forecast and manage your cashflow.

Recruitment and managing employees

The more your business grows, the more employees you’ll need.

But not just any employees… you need the right ones – the people that are the best fit for your business.

Finding, managing, developing, and retaining talent can be challenging if you’re new to it, as it involves training, support, strong leadership skills, and the ability to motivate. At BAND, we provide support from experienced creative business owners and a specialised HR team who can advise on all areas associated with HR, culture and talent development.

Adapting to changing market conditions

In a constantly evolving professional world, you need to ensure your business is up-to-date and ready for the next change.

However, this can require a certain amount of risk-taking, and not all risks may pay off. This can make it difficult to stay on top and keep up with the competition. Our community of creative businesses, drawn from across the sector, enables us to engage, survey and understand the ever-changing landscape affecting businesses operating within the creative industries.