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.
Business structures – which should I use?
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
Could I really make a go of it?
Many people wonder deep down if they could really make a go
of running their own business. What are the attributes that
successful business owners have? A little self analysis may
be time well spent.
Insuring your business
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
Every business needs finance – whether it is just starting
up or looking to develop and grow. We provide guidance on
types of finance available and outline the planning required
before approaching any lending institution. What type of
finance is best suited to the development of your business,
and who should you approach for funding?
Sources of finance
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.
Considerations when starting a business
It is the ambition of many people to run their own business
but there are many issues and pitfalls to consider. What
issues should you consider when setting up in business?
If you fail to check that the customer can support the
amount of credit you are granting, your business will not
survive for very long. What are the points to consider when
taking on a new customer? Similar points may arise in regard
to your suppliers.