"Find a local bank/ or building society that can support them, not just when they start up, but through future growth stages. Create a budget and potential cash-flows before the first day of trading which they then review regularly against actual performance. If they are not confident enough to manage their own affairs they must find a recommended book keeper who can produce profit and loss accounts and cash-flow statements on a monthly basis. Always review cash-flows on a monthly basis and when cash is tight, on a weekly or even a daily basis. "
As this year’s small Business Advice Week draws to a close we’ve rounded up some of our advice on what steps you could take to future proof your small business.
It helps to know how much something should cost before you set about negotiating a good deal. So what is a good price for energy if you’re running a business?
Small Business Advice Week catches up with Adam Bradford, Development Manager at UnLtd, the people who provide support to the UK’s social entrepreneurs
Do you know your 0844 from your 0808? Find out about the different phone number prefixes now on offer.
RBS and NatWest Chief Executive of Business and Commercial Banking shares his thoughts and advice with Small Business Advice Week
Small Business Advice Week (SBAW13) launched with a bang on Monday 2nd September and has come with an endorsement from the Prime Minister and the Shadow Business Secretary.
How To Make the Bank Say 'Yes' - Advice from the FSB and British Bankers’ Association released as part of Small Business Advice Week
The amount motorists pay to councils across England in parking charges and fines has increased by almost 10 per cent in the last five years