Managing business finance during the start-up phase
It can be a number of months before a new business is profitable and generating a cash surplus. You may need alternative sources of income during this period, if only to cover your outgoings. If your start-up business does make a profit, you may want to re-invest it to help your business develop.
Careful planning and the right advice can make this transitional start-up phase much easier to manage. A financial adviser can help you address these issues further.
This guide gives advice on how to keep your business afloat in the early days of starting up. It will help you forecast your personal financial needs, reduce your spending, take steps to cut business costs and find other sources of business income.
Free business start-up support
Access free start-up business support from your local council. If you have a great idea but you're not sure how to turn it into a business, or you have already started out in business and require mentorship on your next steps, Go Succeed Start experts will help you to create a business plan, seek funding and put all the foundations in place to get your business up and running.
Complete a short enquiry form or call 0800 027 0639 to register for this free advice and guidance.