5 Ways to Unlock Finance for Your Start-Up Business

How to get funding for your startup business

Everybody understands that starting up a business from scratch is not a simple process or an easy challenge to take on. Regardless of how lofty your ambitions are or whether you’re aiming to establish yourself as a sole trader or as a the boss of a burgeoning new enterprise, finding access to initial and early-stage sources of finance is a vitally important step along the way towards sustainability and success.

Here’s a look at some of the most commonplace and most viable routes to finance currently available to startup businesses. (more…)

How to Make a Cash Flow Forecast for a StartUp

cash flow forecast for start-up

How can I forecast my cash flow when the business doesn’t even exist yet?

That’s a question most new startups wrestle with as they are planning their new business. It may seem to some to be an impossible task, so we asked Robin Booth of Brixx.com to show how you can produce a cash flow forecast for a new business. (more…)

Guide to Cash Flow Management

how to solve cash flow problems

Cash flow is the lifeblood of any business, and managing it effectively can mean the difference between make or break.

When we refer to cash flow management, we’re talking about making sure there is enough cash available to cover all your outgoing expenses. If your outgoings are more than your sales and you run out of cash to pay staff or suppliers, your business will risk insolvency. (more…)

The ABC of Growing a Business

steps to growing your business

Ask a group business leaders, business owners, and entrepreneurs what their biggest business challenge is, and I’m confident you’d hear the same recurring thought: building their business in a sustainable, predictable, yet profitable way, quickly.

It’s a reality that most businesses never reach their full potential, always yearning for the thing that will catapult them into significance, but never really finding it.

So to help you in your business growth journey, we asked global growth authority, Royston Guest, to share his take on the ABC of business growth;

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Financial planning – 6 steps to a successful plan

steps to successful financial planning

Good planning is important for both startups and established businesses, and a financial plan is no exception.

As a new business owner, you have probably never had to produce a financial plan, so it can definitely be a daunting prospect. However, investing a little time and effort in making a financial plan for your new business can save you a lot of money and pain down the line.

So to help you get your financial plan right we asked Robin Booth of Brixx.com to outline the 6 steps to develop a coherent, holistic financial plan of your business. (more…)

What are the dangers of overtrading?

Business is a complicated old game sometimes. Just when you think you’ve got your head round one thing, you realise there’s another rule you didn’t know about!

Here’s a good example. Did you know it’s possible to get your business into serious financial trouble by selling too much?
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A beginner’s guide to financial reports, and what they reveal about your business

Financial reports for business

Financial reports are standardised measures of a business’ financial health. They are a necessity for publicly traded companies, but this does not mean that they are only useful for large organisations.

Each of the various types of financial reports in this article takes a different view of the business. These reports can seem intimidating at first, but you don’t need to be an accountant to understand them. With a little knowledge you’ll find new ways to look at and analyse your business.

To help you get a fresh insight into your business, I’m going to show you what the purpose of each financial report is, and the kind of information it can reveal about your business. (more…)

7 Steps to starting your business on firm financial foundations

When you are starting out in business, you need to quickly grasp that the three key factors that determine a company’s financial success, or failure, are:

  1. Sales
  2. Control of costs
  3. Cash management

Two out of three simply won’t work – you need to have complete control over these three crucial aspects, otherwise your chances of succeeding in business will be very limited. (more…)

The 10 Steps you need to take to turn around a struggling business

turning around a struggling business

Most companies will face some kind of cash flow problem at some point. Temporary cash flow problems or financial squeezes usually arise out of matters that are outside of the immediate control of the directors, but when problems like this happen it’s vital you take the right steps and move quickly to ensure the issue doesn’t escalate.

To help you navigate safely through troubled financial waters, we’ve asked Richard Saville of Corporate Financial Services to set out the 10 key steps you need to consider when your business is faced with a financial problem. (more…)

Why YOU need to understand the numbers of YOUR business

Undertand your business numbers

Understanding the numbers of your business is crucial to your success. If you have a grasp of key figures, and have an understanding of your business’ accounts you are more likely to make good business decisions.

Knowing your way around business accounts isn’t something that comes naturally to everyone, but if you are serious about your start-up, investing some time and effort to learn the accounting basics will pay dividends for all business owners.

It certainly did for Paul Oberschneider, who after facing up to his financial shortfalls turned his life around to become a successful entrepreneur, angel investor and author. Here, Paul shows the value of knowing the numbers behind your business; (more…)

Cashflow Forecasting – top tips to produce a better cash flow forecast

When you are starting a new business, you will most likely need to produce a cashflow forecast.

If you’re looking to raise money, from either a bank loan or outside investors, a cash flow will be one of the financial forecasts that you will need to produce for prospective lenders and investors.

As your business grows, a cash flow forecast becomes an increasingly important tool to help you manage the business and to avoid any sudden cash flow problems.

We all therefore appreciate the importance of a cash flow forecast, but are there any trade secrets to doing it better?

Here are some top tips to help you produce a better, more accurate cash flow forecast first time, and how you can use it to give your business a commercial advantage.
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8 signs that a small business may be approaching insolvency

Although it does not necessarily herald the end of a small business, decline into insolvency can bring significant changes in company structure, operations and management style.

It’s worth checking your company for characteristic signs that, if spotted and acted upon early enough, could help you to steer the business away from danger.

Here are 8 early warning signs that indicate your small business could be heading for financial trouble, and the actions you can take to overcome them. (more…)

Why you need a cash flow forecast and how to produce one for your small business

One of the most useful bits of advice that established entrepreneurs give to people starting their own business is this: ‘cash is king’.

It doesn’t matter what business you’re in and how profitable it is, if you run out of cash, your business will struggle to continue. If you can’t pay suppliers you’ll have nothing to sell, and it’s a quick, vicious circle from there to insolvency.
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5 ways to instantly improve your cash flow

Cash flow is the most important thing in your business – more important even than profit. If you imagine cash to be the blood cells of a business, then cash flow is the flow of blood, keeping the business alive.

A healthy person will quickly die without blood. And a healthy profitable business will quickly die if it runs out of cash.
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Ensure business success by developing good money habits

Whatever your business does, the purpose of it is simple: to do it at a profit.

That’s the whole point of business. Even if you run a not-for-profit organisation, you still need to make a profit to reinvest (or at the very least break even).

So how do you make a profit from your business? (more…)