Business finance tips for your first year
Help with getting your business up and running
Few businesses can get off the ground without some initial funding. Here are some ways you can manage your finances when you're starting out.
- Make sure your business idea is viable. Our free Let’s Talk Business Ideas seminar can help you determine whether your new business is likely to be profitable, provide you with expert advice and give you the opportunity to network with other business owners.
- Be aware of start-up costs. You'll need a financial plan to get things moving. And make sure you don't underestimate initial overheads.
- Make a financial plan with your accountant. This should contain your budgets and sales forecasts, as well as your personal financial plan.
- Get financial support in the form of a loan or grant – see our Loans
- Make savings a priority before you start. That way you’ll always have a cash reserve to call on if the unexpected happens.
- Monitor your cashflow every week. But wait until the end of the year before you calculate your profit.
- Stick to your budget. Staying on top of your bookkeeping will help you achieve this. If you’re not sure how to do this, ourBarclays Business Essentials software package could help.
Download your FREE start-up guide
It's packed with practical help to turn your dreams into a business plan – and your business plan into a profit.
Useful links
Starting a business? Here's some information that you might find helpful.
Researching your idea
Plan your business
Barclays Business Essentials
Free seminars
Interactive workshops
Looking to move your business banking to Barclays?
Find out How to switch bank accounts or call us today on:
0845 601 0106 1
If you're an existing Barclays customer call us on:
0845 605 2345 2
Important information
1. Lines are open Monday to Friday 8am-8pm and Saturday 9am-1pm. To maintain a quality service, we may monitor and record phone calls. Read our call charges and information
2. Lines open Monday to Friday, 8am-7pm. To maintain a quality service, we may monitor and record phone calls. Read our call charges and information
