THE ease with which one starts a business will depend upon a variety of factors.
Is my idea a really good and viable one? Do I have sufficient expertise and funds to build it beyond the break-even point?
All sounds very simple and basic but, in our experience, it is amazing how many new business owners have not considered all aspects, particularly if this is their first business. Having a grand idea for a new “Widget’ is fine but is there really a market for it out there? What will it cost to set up the business? How do you go about promoting it? Do you have a quality business plan to show to potential lenders/investors? How much and what type(s) of funding do you need? Who are the best sources of that finance?
Staying in business involves some of the same elements but also presents other problems. Are our systems up to date, using the latest technology? Do we have the right staff with the necessary levels of training? Do we have the right banking/finance services? Are we getting into difficulties and, if so, do we know why and what to do about it?
The answer? Do not be afraid (or too proud) to ask for expert advice. Sure, it will cost you, but nowhere near as much as if you plough funds (your own or borrowed) into a business which subsequently fails. Good and timely advice can save an awful lot of time, money and heartache.
Whether you are thinking about starting a new business or you need help to get an existing multi-million pound business back on track, call us at BFS. You will be amazed at how much help we can offer both in terms of sourcing finance and in providing mentoring support. You will also find that our fees are very reasonable. If your aim is to prepare your business for sale, we can also do this for you. For a detailed discussion call us on 01327 349779 or e-mail to
We are here to solve your problems (but only your business ones!).