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Start up costs | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/financing-a-business/start-up-costs

One of the most critical pre-start up tasks is working out how much money you need to launch your business. Only then can you think about how you're going to raise it. Providing it doesn't hamper your ability to operate effectively, keep your start-up costs to a minimum. Spending more will place greater pressure on you to generate more money quicker. Saddle yourself with too much debt and you will increase your chances of failure. Keeping your costs down. You must take into account all your start-up and ...

1stopaccountancy.startupdonut.co.uk

Cash flow | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/financing-a-business/cash-flow

Effective cash flow management is crucial to running your business. Although it's a challenge and you need to be making enough sales, there are many ways to keep your cash flow positive and make sure sufficient cash enters your business when you need it. Make cash flow your priority. The well-worn business cliché is true: turnover is vanity; profit is sanity; cash is reality. But what does it mean? Well, it's not simply a question of how much you sell. Or how much margin you add. Then you can predict the...

1stopaccountancy.startupdonut.co.uk

Pricing | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/financing-a-business/pricing

Getting your prices right is essential. If they're too high, you'll put off potential customers. Aim too low and you'll throw away potential profit and risk making customers believe your products or services are inferior as higher priced competitor goods. You need to set an 'optimum' price, which allows you to maximise profit after your costs have been paid. Do some market research. Of your market potential customers and competitors is essential when setting prices. Calculate a breakeven figure. Add your...

1stopaccountancy.startupdonut.co.uk

Small business support | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/set-up-a-business/small-business-support

Set up a business. Set up a business. Registering as a sole trader. Setting up a limited company. Starting an online business. Setting up a social enterprise. If starting a business is a new experience for you, there are many things you'll need to learn. Some tasks will be easy, others seemingly impossible, but even your mistakes will offer valuable lessons. The Companies House website. Provides guidance and forms for businesses setting up, running or closing a limited company or limited liability partne...

1stopaccountancy.startupdonut.co.uk

Types of business | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/start-up-business-ideas/types-of-business

Start up business ideas. Start up business ideas. Is running a business really for you? Once you're satisfied your business idea is viable and you want to start up, you face several choices about what form your business could or should take. Work-life balance and how much you want to earn are key considerations. You also need to decide on a legal structure, guided by how much personal financial risk you can live with and other key considerations. Part time or full time? Alternatively, you might need your...

1stopaccountancy.startupdonut.co.uk

Buying a business | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/set-up-a-business/buying-a-business

Set up a business. Set up a business. Registering as a sole trader. Setting up a limited company. Starting an online business. Setting up a social enterprise. Buying a business can be quicker, easier and less risky than starting one from scratch. It might also be easier to borrow money to buy a business with an established customer base, supplier network and healthy balance sheet. Why buy a business? Might offer less risk but less control and profit, too. Potential pitfalls of buying a business. Consider...

1stopaccountancy.startupdonut.co.uk

Setting up a limited company | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/set-up-a-business/setting-up-a-limited-company

Set up a business. Setting up a limited company. Set up a business. Registering as a sole trader. Setting up a limited company. Starting an online business. Setting up a social enterprise. Setting up a limited company. Why set up a private limited company? After all, setting up a limited company is likely to involve more administration and higher costs than if you were a humble sole trader. Why set up a limited company? Providing you don't trade recklessly or fraudulently, as a director of a limited comp...

1stopaccountancy.startupdonut.co.uk

Tax and National Insurance | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/tax-and-national-insurance

Tax and National Insurance. Tax and National Insurance. How to work out tax and NI. Tax and National Insurance. Income tax, National Insurance contributions and VAT. Self-employed people pay tax on their business profits (not personal earnings), as well as Class 2 and Class 4 National Insurance contributions. People running limited companies are employees, which means they must pay income tax through the company's Pay As You Earn (PAYE). Another consideration for many firms is value added tax (VAT).