Start-up Business Services

Throughout the difficult start-up stage, 1st Accounting Services is there to help. We can assist you in getting through the first few weeks and months of your new venture, with a wide range of consultancy and accounting solutions.

The Business Plan
There are three main reasons for a business plan, and 1st Accounting Services will help you achieve these three objectives. A business plan is there to show you in your own mind whether your idea is capable of making a profit and paying you a wage with which you will feel comfortable. Second, it acts as a guide, to show if your business is growing at the speed you thought it would. If you are going too slow, it gives you the opportunity to reflect and make new plans to bring your business to a point you are happy with. Thirdly, to raise finance from the banks or from business angels/venture capitalists.

Raising finance
Most businesses need finance when they launch, and often the hardest part of running a business is convincing people your ideas will be profitable and provide a return on their investment, whether in the form of a bank loan or equity stake.
Banks and investors have exacting standards when it comes to considering a proposal for financing. With your business plan is where most considerations start.
One of the most important parts of our work in putting together successful proposals for business finance is the cashflow projection. Banks and investors want to know that you will have enough money to cope if business does not develop as fast as you want, or you begin to overtrade, a situation which has just as many hazards as falling under expectations.
We will work with you to develop your business plan, to ensure that it reflects the business potential both now and in the future.

I’ve started, now where do I get everything?
You have your money – we always advise you to overestimate start-up costs slightly in business plans. 1st Accounting Services is on hand to make sure that everything you source for your new business is at the best possible value.
1st Accounting Services has strategic partnership agreements in many areas i.e. Office Solutions, Telecommunications, Insurance and Cost Reduction Management. We can use these links to help bring you the best deals possible. .

Keeping costs to a minimum
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You’re now up and running, and the biggest surprise for most businesses is how much it costs to keep a company running (known as fixed costs). Not just your wages, but there is your office, your staff, your telephone costs, your utilities bills, your insurance, your finance repayments, your car – it adds up very quickly. Keeping your fixed costs down means more money for the same amount of work.

Cost reduction and management
No matter how innovative your idea or your ability to bring it to market, one of your first and overriding responsibilities is to keep your fixed costs down.
Fixed costs are what you have to pay out every month to keep your business running. Using 1st Accounting Services’s unique strategic partnership with Cost Analysis and Reduction Management services, we can help to ensure that your company’s unavoidable costs are kept to a minimum.

Growing your business
1st Accounting Services Limited
1st Accounting Services offer a wide range of services that can help your business.

Internal Auditing
Once you are established, we can undertake an internal audit at periodic intervals, looking at your business practises to help efficiency and customer service. We will examine your business workings and produce a detailed report on the findings and recommendations for further action.

Total Quality Management
1st Accounting Services will also provide you with help in establishing your TOTAL QUALITY MANAGEMENT system and procedures. We will also provide you with a quality audit should you require it.
If you wish to extend your quality systems to such areas as IIP and EFQM, 1st Accounting can assist you in this area.

Financial Procedures
1st Accounting can as part of its start-up service help you to produce the financial procedures that your staff will be expected to follow.