Every business decision made has a financial impact on your company. Whilst things like tracking revenue, staying on top of accounts payable and receivables, and administering payroll are essential to your business, non-financial transactions will undoubtedly also have an impact. While it may have been easy for the business owner to manage these various tasks when they were first starting out, it becomes increasingly…
Background: Having worked in large corporate entities in several countries, I had decided that I would utilise the knowledge and skills I had acquired and set up and develop a business in my own right. I had certain criteria’s in as much that it would provide a reasonable income and capital growth and that at…
Business advisors can be a valuable asset for an entrepreneur, particularly for a first time start-up a company. A business advisor is different from a co-founder or investor. They aren’t looking for a piece of your business and are usually interested in a mentoring-style position where they can provide you with advice and perhaps take…
Now that you’ve successfully opened your business, you need to decide how you’re going to contend with the day to day operational responsibilities. Do you already have experience in managing your business finances or will outside expertise save you precious time? When it comes to the financial element of running a business, you may need…
The right start-up financing gives your new business a solid financial base and every chance to succeed. It makes sure you have the funding to cover your short-term needs and to help your opportunities grow. Working out how to finance your start-up begins with knowing how much money you are going to need and where…
Starting up a business in the current climate can be challenging, however harsh market conditions can also create opportunities for those with a well thought out, funded and researched business idea willing to enter the market. Some of the key stages that a start-up business would experience and considerations to get the most out of…
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