Enough Money For Business?
Alan Lewis Accountants are pleased to provide you with a free paper titled Have You Got Enough Money to go Into Business? from our Beginning in Business series.
Download 01.06 Have You Got Enough Money to Go Into Business?
It is essential that you do some extensive homework on your present financial position, your estimated requirements for the next 12 months and the realistic amount that is going to have to be invested in the business. Obviously, this includes more than the original acquisition price of the business.
Only after all these calculations have been done, will it be possible for you to prepare a realistic Budget and Cashflow forecast.
This paper examines your current financial position, both from a personal point of view wherein your assets and liabilities are examined and also your current non-business income is also evaluated.
The paper is presented under the headings:
- Introduction – Have You Got Enough Money?
- Personal Financial Position
- Personal Financial Checklist
- Personal Financial Requirements For The Next 12 Months
- Investment In The Business
- Funds You Have Available For The Business
- Use Of Funds
- Margin Of Safety
- General Considerations In Determining Whether You Have Sufficient Capital
- Do Your Homework
Download 01.06 Have You Got Enough Money To Go Into Business?
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This information is for guidance only and is not intended as specific advice to any reader. Professional advice should be obtained before acting on any information contained herein. The publisher accepts no responsibility for loss occasioned to any person or organisation as a result of action or the refrain of action as a consequence of the contents of this publication.