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Managing your business finances

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Last updated on June 17, 2014

Good financial management is critical to the ongoing success of your business.

When you’re starting out, your priorities should be to find out:
  • how much funding you need
  • where you can get the funding you need
  • how to manage your ongoing financial arrangements to set you up for the life of your business.

Sound business practices require attention to a number of different areas:
  • raising start-up capital
  • record keeping
  • cash flow control
  • budgeting
  • credit management
  • insurance
  • future capital for expansion.

Consider consulting business mentors and advisers as you manage your finances. Their qualified guidance may be critical in the continuing success of your business.

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