You come up with the idea – we’ll help you see it through
Most people who start up in business do so because they have a strong business proposition, great ideas, enterprise and commitment. It’s important to get the basics right in the beginning, to make your business life easier down the line.
We have the expertise to help with the financial and legal aspects of starting and running a new business which can help your business to grow and flourish. These matters can often seem daunting and even off-putting to the budding entrepreneur. The good news is that you don’t need to be an expert in these areas to succeed in business. All you need is the support of our specialised team.
We can help you get started on the road to entrepreneurship. The first thing you need is a good business plan. This will help you to test your idea, identify any weak points and is a real must if you want to secure finance. It will also help you to define what you are trying to achieve: use it as a working document to keep you on track and keep you accountable.
You will also need to decide the best business structure: sole trader, partnership or limited company? Consider how the choices you make now will affect your growth. Our team can help you look at the pros, cons, ongoing filing and tax associated with the various start-up structures to help you decide which is right for you.
Once you’ve decided on your structure, you’ll need to get the rest of your business functions in order. When you’re just starting out, you may be surprised by just how quickly day-to-day expenses add up. It’s important to make sure, right from day one, that you consistently track your spending, file your receipts, and monitor your income and expenses with an easy, reliable accounting system.
Cloud-based accounting software can help you know exactly where your finances stand in real time – with secure access to accurate, up to date financial data anywhere, anytime.
Finance requirements and getting funding
Raising finance for a start-up is never easy and very often involves an element of ‘bootstrapping’ or ‘sweat equity’. This means founding and building a company from personal resources, operating revenues and hard work! Availability of debt funding from banks is limited, and attracting equity investment at this stage can often mean having to give away too much of a stake in what should be your business.
Introduction to other advisers
You can’t be an expert in everything! The next step is to find a business adviser who can help you on your way to achieving your goals. No matter what sector you’re in, we can help you find professional advisers who can offer you the tailored advice you need.