Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through. Running your own business, however, is about much more than that. Most new businesses fail, due to poor management of their cashflow. At the outset it is essential to have a sound and realistic business plan including detailed calculations of your financial requirements, particularly in the early years before you have an established reputation, and to form a good relationship with your finance provider.
Our SME Advisory Services Include
- Decide on the most suitable structure for your business – sole trader, partnership or limited company
- Register your business with the Inland Revenue and Companies House
- Prepare a business plan, cash flow projections, budgets and trading forecasts
- Assess your financial needs
- Advise on the best sources of finance, and draw up the necessary proposals
- Set up a suitable accounting system for your internal use and for complying with statutory requirements
- Deal with company secretarial issues