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Business finance tips for your first year

Start up business Funding

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.

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
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
 

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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