Can’t pay myself, options?

[Anonanon123]

hi, currently in the process of starting up a company. Haven’t been able to pay myself the last few months so have had to do a part time job on the side. I want to work full time for my start up company to maximise our sales however I can’t do that as need to make money to pay my own bills etc... can I get help from anywhere for a few months until my company starts to make a larger profit?

 

[Socio South West]

Any borrowing will come with interest to pay, so avoid if you can.

Look around... anything you don't use/need... convert it to £££
Look at your outgoings and get them down wherever possible, even if it means fewer nights out, an older model mobile etc.

Common problem for very small start ups - hang in there, but don't be scared to pack it in if it isn't working for you in a while.

 

[MandaBarnes]

Have you checked into local universities for information on programs or grants that may be available to help you? I received a small business loan through a contest being held through a school locally. It was tremendously helpful!

 

[Anonanon123]

Thanks both for your response