Topic 2 Preparation and development of your business

Four basic steps before starting a new business

Adoptation from: Investicijos ir finansai (2022). Apie verslo pradžią nuo A iki Z. Sužinokite kaip sukurti savo verslą nuo nulio. Retrieved from: https://investicijosirfinansai.lt/verslo-pradzia

Different funding opportunities

There are many funding and support programmes both for start-ups and for established enterprises at international and national levels. This support appears in two forms:

  • Financial support – it can be grants, loans, etc.
  • Non-financial assistance – in a form of programmes and support services.

Useful finance tool to search for funding opportunities in national countries for all types of companies of any size and sector including entrepreneurs, start-ups, micro companies, small and medium-sized enterprises, and larger businesses: Access to EU Finance. Website: https://europa.eu/youreurope/business/finance-funding/getting-funding/access-finance/search/en

This website also helps to apply for loans supported by the EU. User of this tool can see what is the investment focus – on an early stage of business or expansion and growth.

Financial support for business in Lithuania: https://www.verslilietuva.lt/verslauk/finansavimo-saltiniai

Source of photo: https://pixabay.com/photos/money-coin-investment-business-2724241/