Starting A Business
Technologic and social changes have made it easier for people to start their own business, but many of the financial and strategic challenges of starting a business are still there.
Before you even start your business, we will:
- Prepare your business plan and financial projections
- Identify key risks and how to overcome them
- Advise how much working capital you will need and show you how to manage your cashflow
- Identify and overcome obstacles for growth
- Advise on the best business structure to minimise tax bills and protect your assets
60% of businesses fail to make it past the first three years.
It is a scary statistic but it need not be as daunting as the statistics tell you. Many of the failed start up companies that we have seen over the years simply never had a business or a business plan in the first place. A little like the Dragon’s Den, if you come to us at the beginning of your new enterprise and present us with a flawed idea we will tell you. It may be tough love but at this stage we could save you a lot of heart ache, wasted effort, and financial loss.
If you have a plan that could work we will work with you. We are as tough on you as you would want us to be. We will help you to form a financial reporting system that is both robust and easy to use.
And thereafter, if you want us to, we will hand hold you every step of the way. Each month we can cast our experienced eyes over the figures you have produced and we will be able to spot trends and pitfalls way in advance. By taking the appropriate action we can ward off many of the challenges facing young businesses, thereby increasing your chances of success.
Financing Your Start-up
Undercapitalisation can be fatal.
When it comes to securing right level of funding, planning and preparation are key. We can help you ask the right questions to ask yourself to plan, prepare, and apply for the funding you need to grow.
We can get you access to help with the following:
- Venture Capital Introductions
- Bank Finance
- Cashflow forecasts
- Contingency plans
- Overdraft negotiations
- Short term/Long term loans
Here at Casson Beckman we have plenty of experience in the business world and we would be happy to pass this on to you.