Normally any lender, such as a bank, that you approach for funding for your new business will want to see that you have invested some money in the project yourself.
This might include:
- a lump sum that you expect to receive - for example, repayment of pension contributions on leaving employment
- the sale of a non-business asset
You may also be planning to stay in employment whilst you build your career as an entertainer and may decide to invest some of your earnings from your current job in your new entertainment business. You may find that you will need to fall back on part-time work if bookings slacken off.
Enter in the cash flow the amount of money you will put into the business, in the months when you'll need it or expect to receive it.