Will 2020 be the year you take the leap to start up your own business?

By: William Dean

Setting up your own business can be a daunting task. We know. We work with many entrepreneurs and startup businesses who often juggle the demands of a full or part time job in tandem with investing time, energy and money into their fledgling business.  However, as your new business starts to gain traction you may need to decide whether the time is right to take the leap, give up the day job, and become a full time business owner.

So if you have a great idea or have a startup business looking to take the next step, here are some key points which may help you decide whether 2020 will be your leap year.

Financially fit?

One of the most common reasons for a startup failing is running out of money. It is therefore essential to manage your cash flow. Establishing a budget and sticking to it will help you track where every penny is going (and coming from).  You can do this by monitoring your outgoings, establishing realistic (and achievable) goals for your finances – both short and long term – and getting some expert advice. Barclays and NatWest specialise in finance for startups, providing support through Barclays Eagle Labs and NatWest’s Entrepreneur Accelerators.

Read more >> https://www.barkerbrettell.co.uk/will-2020-be-the-year-you-take-the-leap-to-start-up-your-own-business/