ICAS launches business start-up guide

By ICAS

27 March 2014

The ICAS Business Start-up Guide is designed to help in setting up and running a company.

We've just launched a short and simple guide to starting a business.

The ICAS Business Start-up Guide is a visual and user-friendly publication designed to help aspiring business people on the way to setting up and running a successful company.

The guide has been prepared by ICAS members with a breadth of entrepreneurial and business experience, including business angels who provide funding support to start-ups.

It aims to help those committed to starting their own enterprise with tips on:

  • Sourcing advice, support and mentoring
  • Preparing a business plan
  • Identifying appropriate funding and increasing your chances of getting it
  • Accessing further business start-up resources and guidance

The Business Start-Up Guide spans the range of resources and help available from both the private and public sector.

It flags key things to consider when preparing a robust business plan - like knowing your market, working out how much cash you are likely to need, reducing your risk - and how to avoid the perils and pitfalls, such as hidden costs.

The guide includes a series of 'pre-flight' checks for small enterprises seeking to get off the ground, in areas such as tax relief entitlement, cashflow, raising investment, contingency planning and business structures.

It also focuses on new funding models by explaining recent developments in investment opportunities such as crowdfunding and the use of social media.

The guide has been prepared by the Business Policy Committee of ICAS – a group of CAs with a wealth of business experience who contribute their time on a voluntary basis to support ICAS.

The guide is available on the ICAS website.

"Anyone wanting to start a business for the first time will find the ICAS guide full of useful, practical tips," Becky Woodhouse CA, founder and MD of Pure Spa.

"The ICAS guide to starting up a business provides a sound platform to help identify sources of finance for different business situations," Robert Pattullo CA, business angel investor.

Notes for editors

For more information, contact ICAS Digital Editor Michael McGlinchey, mmcglinchey@icas.com, 07799 583 409.

Businesses seeking information can contact the ICAS Technical team via:

Email: accountingauditing@icas.com

Topics

  • Private sector
  • Research
  • Media releases

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