Once you have tested your business idea and you are satisfied that it is ready to go, it’s time to make it official and launch your start-up. Flexibility is key here and much of your time in this stage will be spent tweaking your products or services based on the initial feedback from your stakeholders. Most businesses evolve over time, and it is unlikely that you will get it perfectly right first time therefore, listen to your customers, work with your advisors, and continue to develop your strategy accordingly.
Some of the key financial areas you should focus on include:
A key element to a sustainable, successful business is having the right structure in place. For many businesses a limited company is the best route forward. However, there are other options, and we will discuss with you the merits of each legal structure and ensure that you choose the most suitable for your business, not just for now, but considering what may be most appropriate in the future.
If you decide that the Limited company route is the most applicable, it is crucial to set up the initial shareholdings in the ‘correct’ way at this stage rather than leaving this for when the business expands and has generated value. You may also need advice in relation to taking on a property and payroll related issues in connection with employing people. We work with our clients to set the bedrock of the business with the future in mind.contact us for more information
Entering the world of accounting systems can be a daunting place. With so many options available, and at different price points, it can take a lot of time and ‘demonstrations’ to make the right choice. With a variety of different clients, we have considerable experience of the current systems available and can work with you to choose an accounting system that best matches your current and future needs and suggest practical options for improvement and enhancement. By taking the time to understand your business and what you need from your finance system we can provide advice on the best fit for you.contact us for more information
Compliance and Filing
Working with clients providing proactive advice that maximises potential is what we are passionate about however, we must ensure that the basics are well covered too. There are several statutory obligations necessary throughout the year and we make sure that these are delivered in the most effective way. We can prepare the year end statutory accounts based on the management accounts produced during the year and ensure the accounts comply with relevant requirements. At the same point, we will also prepare the corporation tax return.contact us for more information
''Cash is king'' as the saying goes and ensuring that your business has the right financial backing is essential. We can help you with sourcing investment opportunities that help drive profitability within your business. We can assist you with modelling and business plans as part of raising finance. With an established network of other professionals, we are ideally suited to help advise you on a variety of ways to help fund your business and maximise your potential.contact us for more information