Starting up in business
The issues to consider when starting up in business.
- Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. We consider why you should draw up a plan and what it should include.
- Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The structure for you will depend on your personal situation and your future plans. Consider the options available.
- If you are looking to run your own business, it is worth looking at what is required to succeed.
- We consider what you need to be checking in order to understand if your customer can support the amount of credit you are granting.
- When starting a new business, you will no doubt recognise the need for insurance. It can provide compensation and peace of mind should things go wrong but can also represent a significant cost. We consider the types of insurance you may need.
- Every business needs finance - we look at what type of finance is best suited to the development of your business.
- The financing of your business is the most fundamental aspect of its management. Get the financing right and you will have a healthy business, positive cash flows and ultimately a profitable enterprise. We summarise the means of finance that are available and where we can help.
