Financing a business

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

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Financing a business - overview

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

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Start up funding - overview

Raising enough money to start a small business can be difficult. Find out how to calculate how much you need and where you can obtain funding.

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Setting prices - overview

Setting prices is a crucial task and getting it wrong can be disastrous for your business. Find out how to set prices to maximise profitability.

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Cash flow - overview

Effective cash flow management is crucial. Learn tips and techniques to help you maintain a positive cash flow and keep your finances in the black.

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Start up costs - overview

Start up costs can quickly escalate unless you keep them under control. Learn which costs you may incur and how to calculate and minimise them.

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Budgeting

While you can't know exactly what the future holds, budgeting reduces uncertainty and helps you anticipate problems. Here's how to create a budget.

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Collecting debts - checklist

Almost every business will experience late payment at some point. This practical checklist will help you recover the money you are owed.

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Controlling a budget - checklist

Staying on top of your finances is vital if you want your business to succeed. Read our handy hints on controlling your budget.

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Controlling costs - checklist

Our helpful checklist will show you the areas to target when you're trying to understand or reduce business costs.

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Controlling credit - checklist

To avoid the risk of late payment - or no payment at all - it's essential to vet the people you offer credit to, and make your terms clear.

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Drawing up a budget - checklist

A helpful checklist on drawing up your business budget, including what to put in it and who to involve in the process.

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Finance your community organisation

Funding can be hard to come by and competition is fierce - but by planning your approach you can maximise your chances of attracting finance.

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Finance your start-up business

When setting up a new business you need to be clear about how much money you are going to need and where to find it. Read our overview of the options.

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Getting a grant - checklist

Your business might be entitled to claim a grant. Here's how to identify a scheme and apply for grant funding.

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Getting a grant for your business

Securing grant funding could really help your business develop. Here's how to identify relevant schemes and manage the application process.

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Increasing profitability - checklist

Profitability needs to be the key long-term aim of any business. Follow our helpful tips to ensure you have the best chance of making profits.

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Negotiating

Good negotiation depends on setting clear objectives, including knowing where you will and won't compromise. Our guide to getting the right deal.

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Negotiating a purchase - checklist

Many people are unsure when it comes to negotiating purchases, but you could be allowing suppliers to walk all over you. Read our helpful tips.

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Price your product or service

Your prices can have a dramatic effect on sales and profits - the right price is competitive while protecting your profit margins. Our overview.

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Purchasing

For many businesses, a 1% cut in costs can have the same impact on profit as a 10% increase in sales. Our guide to efficient purchasing.

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Purchasing effectively - checklist

Effective purchasing can make the difference between business profit and loss. Our helpful checklist explains how to get the best from your purchases.

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Q&A: Producing invoices

If you've never produced an invoice before, how do you know what to include? Chartered accountant Elaine Clark answers key questions about invoices.

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Attracting investment

Attracting investors is a difficult process. This is especially true for new businesses without trade history. But here are a few tips to help you.

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Don't compete on price

Competing on price threatens your margins and your reputation. Ben Dyer explains why small business owners should avoid price-cutting.

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Q&A: Calculating start-up costs

Martin Dunne of Sayers Butterworth chartered accountants explains how to work out how much starting a new business will cost from the outset.

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Q&A: Key performance indicators

Emma Warren of business development services provider Portfolio Directors explains how key performance indicators can help small businesses.

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Q&A: Limiting start-up costs

Geoff Wightwick of accountancy and business service provider Baker Tilly watches the pennies and provides advice on how to start up on a shoestring.

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What goals should you set for your business?

To be successful and grow your business, you should consider reviewing and setting new goals for your business. What objectives should you be setting, and what's the key to achieving them?

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A guide to price comparison websites

Price comparison websites are valuable tools to help you analyse competitors and check out price fluctuations. We guide you through the key sites.

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Choose a pricing strategy

Pricing is one of the most important aspects of your business to get right. Find out what you need to do before putting a price tag on your product.

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Controlling your costs

While you may not be able to influence how much customers spend, you can do is to control your costs and look at variable and fixed costs.

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Cutting costs: where do I start?

When your business is ticking over nicely, you can keep spending focused on the right areas. Limiting expenditure could keep you in the black.

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Financing your new business

Finance is important to any business. We explain 12 common sources of start-up and development finance for businesses needing cash.

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How to price your service

Pricing a service can be trickier than pricing a product. Getting it right means accurately valuing your time and expertise. Pick up other advice.

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Make a claim for money you're owed

British businesses could be missing out on international trade opportunities due to lack of confidence or understanding of what support is available.

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VIDEO

Manage your cash flow

In this video Sharon Coull, head of finance at Sage’s Small Business Division, explains how to manage your cash flow, crucial for any business.

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FAQS

Pricing FAQs

Need-to-know answers to ten questions frequently asked by small-business owners when they need to set prices for their products or services.

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Q&A: Asset finance

Steve Richardson of Funding Options answers key questions about asset finance and how it could benefit your business, starting with the basics.

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Q&A: Cash flow management

The old saying 'turnover is vanity, profit sanity and cash reality' remains true. Cash flow really is the blood supply of any business.

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Q&A: Commercial mortgages

A commercial mortgage is secured against a property other than your home. It may allow you to buy business premises and set up a long-term investment.

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Q&A: Dealing with late payment

Martin Dunne of Sayers Butterworth chartered accountants offers advice on how to deal with late payers and bad debts to keep your business afloat.

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Q&A: Debt recovery

Solicitor Kiranjit Virk of Tollers LLP answers key questions about recovering debts through the courts, including using the 'small claims track'.

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Q&A: Family investors

Andrew Niblock, commercial lawyer at Keystone Law, explains the importance of signing contracts with family members investing in your business.

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Q&A: Sales forecasting

Sales forecasting is key to cash flow control, but it can be difficult for new businesses, because they don't have any past sales figures to go on.

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Seven ways to price your product

Ask people to pay too much and they will stop buying: too little and your profit margin slides. Here are seven ways to price your product accurately.

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Start up costs calculator

Visit the bplans.co.uk website to use an online calculator that could help you work out your start up costs before you launch your business.

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Ten ways to increase your margins

Firms are always searching for ways to trim their costs and increase their revenue, in good times and in bad. Make your business leaner and fitter.

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Why value-based pricing works best

Value-based pricing is about coming up with a price that your customers are willing to pay. Pricing strategist Mark Stiving explains.