Financing Your Business
Managing Your Finance
Good financial management is critical to the ongoing success of your business. When you're starting out find out how much funding you need, where you can get it and how to manage your financial arrangements.
Your business plan is important when seeking business funding - it sets out your vision and goals, what you'll spend the money on and how it'll benefit the business.
StartUp Costs
Every business is different and has its own specific cash needs at different stages of development; therefore there is no generic method for estimating your startup costs. Some businesses can be started on a shoestring budget, while others may require considerable investment in inventory or equipment. It is vital to know whether you will have enough money to launch your business venture.
The most effective way to calculate your startup costs is to use a worksheet that lists the various categories of costs (both one-time and ongoing) that you will need to estimate prior to starting your business. The following tools will assist you in performing that task: