Top tip on how to start a business
Oracle Consultants deals with all sorts of financial matters, from accounting and loans to insurance and investments, so we know a thing or two about what goes into starting a business.
Finding the perfect business idea
One of the best ways of finding your business idea is by thinking of things you yourself would spend money on. Start with something you have always needed but never found a business to provide you with – you’ve now found a gap in the market that you could fill with your own business.
Writing a business plan
Once you have found your business idea it is a good idea to start planning how the business is actually going to be run, and how it is going to make money.
Writing a business plan is a good exercise for really thinking about the details of your business.
You can read our more in-depth guide on writing business plans here.
Finding the right tools
It has never been easier to start your own business. With access to the internet so widespread and computers being cheaper than ever, most people own most of the equipment they will need for many types of business.
Looking to new technology is probably one of the best things you can do for your business because it means you can be more productive for much less money.
Finding the funds
Even though it is easier than ever to start a business on a budget you are still going to need some money. There are various ways to get funding for your business including bank loans, savings, borrowing from family, angel investors, or even crowdfunding on platforms such as Kickstarter and Indiegogo.
As your business starts to make money, you can use the extra cash to grow your business or to pay suppliers to keep your cash flow healthy.
If you need more advice on securing a business loan, check out our Commercial Finance page. We make it easy to secure the finance you need by finding you the right package from the right lender.
Finding an accountant
Your great business idea will go nowhere if you do not keep on top of your business’s finances.
It is recommended that you hire an accountant no matter how simple your business is. A good accountant does more than fill in spreadsheets for you; they can show you where your business is strong, and where it needs improvement.
Get in touch if you want Oracle to help you find the right accountant for you and your business.