Choosing the right
bank and being adequately funded.
These pages are designed to give you an overview
of the key considerations for small businesses in
the UK. Although, we have made every effort to ensure
that the information is accurate and up to date,
it is advisable to take professional advice before
making any important decisions. (For local companies/organisations
who are prepared to help, please select your area
from our regional
pages.)
Key Banking Issues
Banking - How
do I choose a bank?
Gary Robinson of AIMS Accountants for Business explains
why you should use an accountant and benefit from
their expertise. When you’re
starting up a new business an accountant may seem
like an added expense that you could do without.
What do you need one for?
If there’s one factor that’s more important
than any other in growing a business, it is surely
access to capital. Getting hold of money is often
far from easy.
Not having enough cash is a clear route to disaster,
but so is borrowing too much! This article should
give you a clearer idea of how to plot a route between
the two.
One way of raising finance for your business is
to look for a business angel.
Funding -What
are my options?
Not having enough cash is a clear route to disaster,
but so is borrowing too much! This article should
give you a clearer idea of how to plot a route between
the two.
The problem for many small businesses is that investing
to grow or meet new orders can be just a bit too
risky for mainstream lenders.
BANKING
TIPS
Super Charge Your Business
Focus is the most important ingredient, it is almost like magic and it works. I focused on a projects and they happened, I am a new start up with tough surroundings focus is blurred and its not happening. Starting a new business takes a lot of effort, recourses, requires energy, total focus on the topic, self control and most importantly your surroundings (the people around you), net working is vital put away your shyness and fear or at least keep it in control. Communication is vital it is the power behind focus and to develop focus you need knowledge, standing on the edge of a mountain fearing that you�re going to fall will not get you the results, standing on the edge of a mountain fearing that you�re going to fall but you know how to fly will get you results. So what I am trying to say is that planning is fundamental.
You must inform HMRC when you start up a business. Failure to do so could result in a fine. (Not the best start for any business!) Start Your Own Business (15-02-10)
