7 Summary of Week 6
As you can see from this week’s content, there are sources of finance available if you take the time to research them. Here you’ve learned more about public funding, crowdfunding, commercial loans and private investment as well as some other ideas.
Requests for funding usually involve the completion of a detailed business plan and proof that you are committed to and enthusiastic about your idea. You’ll explore these processes in more detail in Week 8.
You should now be able to:
- estimate the costs involved in setting up your project or idea
- assess whether your project or idea might be eligible for external finance
- research the different options that could financially support your project or idea
- describe the key elements of a successful funding application.
Now that you’ve finished the content for this week, you might find it useful to revisit this week’s introductory video to listen again to the experiences and opinions of our freelance interviewees.
Next week, you’ll look briefly at some of the different business structures available and how to register as a sole trader.
You can now go to Week 7.