Anyone got a good knowledge of business/finances?

I have some questions if anyone is pretty clued up on self-employment or small family businesses.</p>

Cheers</p>

 

I am currently making a right ****** of it all

So PM me if you want to know owt.

 

What you want to know? n/t

.

 

Just remember that Banks want an arm and a leg for money

Built and sold 5 successful companies and you are better with a small start you can finance easily and let your hard work and profit build your business slowly.

If you borrow heavily and the business does not ,take off' as you would hope you will struggle.

 

Spot on

The only source of money for a business is from customers buying your product/service (apart from the odd grant you may get). Banks don't give you money, they lend it to you and charge you for paying it back, and they won't hesitate to close you down if things go pear shaped.

If you have to buy something, ask yourself if you have the money. If not, don't buy it, because you probably can't afford it. Find another way and do without it.

When I started my business I used to drive around on an old Honda 70 motorbike. Friends laughed at me and said I was not a proper business man because I didn't have a flash car. Who's laughing now?

What-ever the venture is good luck.

 

RE: Spot on

It's something that's been underway/in existance for a few years now, and has unfortunately become a bit of a mess (note it's not my business - but it is the family's) hence the need for help.</p>

We're not sure if we can take it any further</p>

 

PM if you want

May or may not be any use to you but I have been in business for 25 years and have learnt a few things in that time.