Starting a business

Before starting up a small business, you need to develop a clear understanding of the financial issues ahead of you.

Use the links below to the SmallBiz website to learn more and visit the Small Business Tool Kit to find detailed information about finance and cash flow when starting up a business.

• Financial statements
  Financial statements are the reporting lifeblood of every business.
• Cashflow
  Cash flow will show you when more cash is leaving the business than the amounting coming in.
• Pricing
  Pricing of products and services is a very important step in starting a small business.
• Credit terms
  It is common practice for businesses to sell products and services to customers on credit.
• Breakeven point
  Work out the break-even point so you know how much you have to sell to cover your costs.
• Securing finance
  Raising finance can be challenging especially when your business has only a short trading history.

The finance module of the Small Business Tool Kit contains further information plus videos, case studies, quizzes and interactive financial planning tools.

More information

• SmallBiz website
• Small Business Tool Kit