As a female entrepreneur running a business in the traditionally male-oriented science and innovation sector, I previously found it difficult to meet other women in similar situations, but I have found many inspirational role models through Enterprising Women. Enterprising Women has helped me grow by giving me insight into how successful companies are run, and offering business support and advice.
Finance
When you are starting out, you must understand how much money (and time) it will take to:
- Get the first sale
- How many sales you need to break even and gain a profit
- How many sales you need to start the growth process.
At the start-up stage, one of the biggest challenges is finding customers, while gaining finance. When your business has developed, issues such as cash flow, growth funding, and factoring need to be addressed.
Use these resources to help you find out more. They are designed for both start-up and developed businesses.
Resources
Learn to set up systems and processes that will help you when dealing with budgets
A guide for managers (or owners of small businesses) considering better cost control.
How to approach stock control and using it to maximise your cash flow.
A guide to help you through the early stages of your business, before you make a profit.
Does VAT baffle you? Here are some of the essential points about VAT.