It takes money to make money, and every small business needs money to get started, to operate, and to expand and grow.
Good financial management is critical to the ongoing success of your business. When you're starting out your priorities are to find out how much funding you need, where you can get it, and how to manage your ongoing financial arrangements to set you up for the life of your business.
There are a number of facets to sound business practices that will need your ongoing attention:
With the success of your business at stake it is always advisable to consult with business mentors and advisors including financial advisors. Their qualified guidance may be critical in the continuing success of your operations.
For more information, see the business guides Financing Your Business, Getting Your Customers to Pay on Time and Cash Flow Management and Budgeting.
Hard copies of any “How to” business guides can be attained by contacting Business Point.
Phone 1800 440 026 or email businesspoint@development.tas.gov.au
