Getting Finance for a Flower Shop Business

Do you want to be a Flower Shop but your worried you can’t raise the finance needed for paying rent on the building if necessary, stock and equipment, insurance, marketing, accounting and payroll if employ staff as well or taxes you will have to pay for your business. There will also be other hidden costs along you journey of setting up your business or expanding your flower shop business.

The first place most people will look for finance is a bank for a bank loan, the problem with bank loans is that the bank will want you to put some of your own money down as well as the bank charging you high interest rates which most start-up businesses and businesses that are struggling will find it hard to pay back the interest alone. Below are some ideas where you could get finance for your new flower shop: -

• Your Savings
• Friends and Family
• Bank Loans
• Credit Card
• Home Equity
• Business Angel Investors
• Venture Capitalists

Before you think of contacting a bank for a loan, venture capitalist or business angel investor for finance backing you should have a well laid out business plan. You need to be able to show them that you have every avenue covered from what happens if your business loses money in the first year and what you would do, to what kind of service you will offer your customers an informal or formal service, will you offer a delivery service for flower arrangements as well as wedding bouquets, buttonholes etc. Make a note of the kind of flowers you want to sell, where you think you will get them from Holland, UK and the prices you would sell different bouquets, arrangements for.

Business Angels help new businesses with the help of finance and business advice, as they have been there and able to advice you on the best methods to bring in customers look after your customers as well as making a profit. They will also help businesses that are struggling to keep afloat with the help of finance and advice when most banks etc wouldn’t take a bit of interest. They are most likely to be entrepreneurs that have a successful business of their own and they will use their money to help your business succeed and make returns on their investment.

Venture Capitalists help larger businesses with problems of finance, they will offer financially help and advice but will be more of a silent partner than a business angel who will get more involved.

If you’re struggling to write a business plan for your flower shop to show to business angels, venture capitalists, banks then we can help by tailor making your own business plan for your individual business.

So if you want financial help to start-up your own Flower Shop or want financial help for your business, angelstartups is here to help. We are able to advice you on the best way to finance your business and put you in touch with business angels or venture capitalists to help your flower shop business mature.