financial planning, Planning
Relevant Life Insurance – Why pay for life cover yourself when your business can? One of the valuable benefits that many employees enjoy is a death in service benefit. A comprehensive employment benefits package may also include earnings replacement and pension...
financial planning, Planning
Is Pension part of your business strategy? As a keen climber and mountaineer, I often compare retirement planning to climbing a mountain. On this journey, safely coming down is as important as getting to the top in the first place. In the past, more people had secure...
financial planning, Planning
Is Your Personal Financial Plan in check? Stepping into the world of business can be both exciting and overwhelming. On the one hand, the decision to build your own business can allow you to realise your aspirations, free you to choose your path in life and bring...
financial planning, Planning
Sources of Finance You need to work out how you are going to finance your business and raise the funds to make a start. Unless you have plenty of spare cash (in the experience of Yorkshire Powerhouse this is highly unlikely!) the odds are you will be looking to use a...
financial planning, Planning
Start-up Costs Keeping start up costs to a minimum is a natural instinct. However, taking this approach can sometimes contradict activity that the business would ideally like to do in order to get the best possible start. The main thing is that you spend money on what...
financial planning, Planning
Personal Survival Budget It is always important that you establish what you want from your business in regard to your personal financial reward. As part of your initial planning for your business, you should establish what your Personal Survival Budget figure is. Do...
financial planning, Planning
Understanding Cash Flow Inside your Business and Out – Part 1: Your Business Every business needs to be effective in managing the money coming in and going out. Effectively managing cash flow forms the life blood of any business and needs to be one of the key priority...
financial planning, Planning
Do you really want to put more money into your business? Ever since the uncertainty of Brexit raised its’ head, there has been a growing trend amongst SMEs to fund requirements from cash reserves. When these are exhausted, the personal support of the owners has often...
