Industry sector: Leisure

Mobile DJ: Loans/grants


It may be that you do not need to borrow any money to start up your moblie DJ business. You may well be in a position to start off your DJing career on a semi-professional basis, perhaps based on an existing hobby, doing a few gigs in the evenings while holding on to your day job to tide you over. You can then decide if and when you'll take the plunge and become a full time professional DJ, or perhaps move to part-time working to free up more time for your DJ business.

However, a new business may need to raise money to cover:

  • the initial start up costs - such as equipment, vehicles and vehicle insurance, music (buying music and paying music library subscription costs)
  • working capital

Working capital

It is likely that there will be a period after starting out as a mobile DJ when you are building up your reputation and possibly performing gigs for not much money - or not getting as many bookings per week as you would like. If this is the case, you may find that your sales do not reach their full potential for some time.

During this period you will still have to cover expenses such as:

  • your own living expenses
  • motoring costs
  • phone bills and other business overheads

Because your income may not be enough to cover these outgoings during the early days, and if you have no other source of income, you will probably need to set aside some cash, or 'working capital', to tide you over.

If you need to approach the bank for a loan to cover your start up costs and working capital, leave this entry in the cash flow empty until you have completed the rest. This will give you an idea of the shortfall between income and expenditure.

If your figures show that you're likely to need to borrow money, it's wise to check at an early stage in your planning that funds are available on terms that are acceptable to you.

Grants and other funding

You may be able to get some help in the form of a grant, for example to cover the cost of training for a small business management qualification. Grant funding may also be available for things like helping unemployed people to start up in business.

You can get information on grant aid and other types of funding available throughout the UK from the business finance and support finder tool on the Gov.uk website.

Grant aid varies considerably around the UK and some assistance may be available in your area to help you start up your business.