Starting your own business is exciting, but challenging. However, if you get it right, it can be very rewarding, both personally and financially.
When you're taking such a big step, it makes sense to seek expert advice at the earliest possible stage. We're experienced in advising start-up businesses and will start by reviewing your business plan, or working with you to create a plan, advising you on ways to develop and improve the business.
Your business plan is a key tool in approaching financial institutions for funding. Cash flow forecasts are important at this stage too, but also on an ongoing basis to help you make sure that you have sufficient funds to take on extra business, plan further borrowing and provide an early warning of potential problems.
One of the most important choices you will make is deciding on the best business structure. We can advise on whether sole trader, partnership, limited liability partnership or limited company is most appropriate for your business.
We can also advise on day-to-day business support you'll need, such as computerised or manual bookkeeping systems. We also offer management and annual accounts services and can advise on PAYE and VAT systems.
By working with you, we can use our knowledge of your business to identify opportunities for growth, as well as highlighting potential business risks and how to deal with them.