Martin Godfrey’s talk at the November PIM saw our 2013 series out with a bang!
His riveting talk had the audience glued to their seats (well, some of the time… as you’ll discover….) as he revealed an analysis of the astonishingly varied sources of funds available to start your business, whether in property or other areas.
Martin has a wealth of experience himself, with businesses in property, loans, drinks and financial services. He nearly became a Channel 4 Secret Millionaire, before his base in Barcelona ruled him out.
Martin’s “Multiple Streams Of Income” approach as ever is based on his Wealth Tree concept, encompassing
- Financial Investments
- Charity – for flow
Martin gave some great advice to anyone wanting to give up their JoB (“Just Over Broke“) and thinking about strarting a business. Some of the areas he highlighted for consideration at the outset were:
- Sector – services / manufacturing / internet
- What do you have to start with and what is your model: eg – copy / original; buy/create
- Research – check out businessesforsale.co.uk
- If you have an existing property business, consider related business eg estate agency – lettings
- Partners or solo venture
- Investors or self-finance
2014 – The Year Of Opportunities In The UK
Martin highlighted the extent of the opportunities in the UK and the entrepreneurial culture here, demonstrating exactly how to follow his own advice to do plenty of research. The UK is regarded worldwide as the hottest place to start a new business, due to a combinations of these factors, including TV programmes such as Dragons Den, Secret Millionaire and The Apprentice.
He outlined an extensive list of sources of finance, for both investment and loans, including
- Friends and Family – the most popular in the UK, but potentially a sources of friction…
- > Check out clickdocs.co.uk for suitable contracts
- Business Angels – due to the Enterprise Investment Scheme, which allows significant tax breaks to investors
- > Check out The Angel Society, Angel’s Den, Beer and Partners, Angel CoFund – and of course Dragons Den
- > Check out betterbusinessfinance.co.uk, mentorsme.co.uk, Barclays, RBS (80% approval rate) and Santander
- Government Loans
- > Check out Enterprise Allowance
- Social Enterprise
- > Check out Big Security Capital, Community Business Loans, Nesta, Arts Council for creatives
- > Check out eg crowdcube.com, kickstarter.com, seedrs.com, peoplefundit.com, spacehive.com – and many more
This is just a highlight of the sources Martin identified and covered in his presentation. it really was a fascinating evening and gave rise to lots of questions and discussions late into the evening!
Do make sure you join us in 2014 for our next series of PIMs, starting on Thursday 30 January 20134at Holiday Inn, Bristol City Centre, 6-9 pm.
For more info and to reserve your place CLICK BELOW!
We look forward to seeing you there on the night.
All the Team at Property Options – For Successful Property Investment