Youâll almost certainly need to raise money to start up your company, unless you already have sufficient capital yourself. The typical costs of starting up are in obtaining premises, manufacturing your product if you have one, buying materials, stock or equipment, marketing and fees for external consultancy such as legal help, accountancy etc. Then when youâre off the ground, youâll need working capital to keep you afloat in the gaps between paying your own invoices and receiving payment from customer invoices.
Again, your business plan is essential at this stage of setting up your business. In it you will already have scoped out what your money needs are and how you plan to raise the capital, and youâll be us View the rest of this article
Monday, August 20, 2007
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