I ended year one with Ј250 left in the account, mainly due to waiting for payments, which proves to be erratic.
Other ways of raising money could be against your house and hope to gain it back with the properties value appreciating. In a worst case scenario you could find yourself in full time employment again with a bigger mortgage, not ideal but as I said starting up does have risks associated with it.
You could get others to invest in your business, or try business angels, who are successful business people looking to invest. I do think that looking for investors does defeat the purpose of starting up, as you will need to answer to them at some stage.
In summary, you need to think long and hard and decide if you have the ability and desire to run your own business. If you decide that you have, work out the costs associated with running it properly and then raise the money. You will make it back and a whole lot more!
There are no hidden fees and no obligation involved in applying for LawMax lawsuit funding. LawMax charges no application fees. Some companies charge $50 to $100 or more just to process an application, while other companies tack an application fee to the lawsuit advance. This effectively ensures that the plaintiff will be paying for just the privilege of applying for lawsuit funding. LawMax has structured its business so no application fee of any kind is ever charged. This ensures that plaintiffs can apply for financing when they need it, truly without obligation or cost.
Moreover, LawMax charges no fees of any kind. With LawMax, there are no service fees or administrative fees that so often are part and parcel of traditional loans. When a borrower applies for a car loan, for example, lenders will often charge service fees for running a credit check. Borrowers applying for mortgages are often charged for title searches and filing fees. Since LawMax is able to offer non-traditional, non-recourse financing, these charges simply do not apply.