Having trouble raising finance for your business?

Every business is different and every entrepreneur will have their own individual approach to dealing with business finances.

There is a wealth of information that could help you learn more about managing money effectively in your business.

• Speak to a financial adviser at your bank or to your accountant about drawing up a cashflow forecast and a business plan - see how to choose an accountant for your business.
• Ask your local Chamber of Commerce or business support agency for advice on sources of finance and networking opportunities - see Northern Ireland Chamber of Commerce and Industry.
• Search on the internet for business advice websites.
• There are many books available on starting up and running a business. Your library will be a good starting point if you don't have enough cash to buy new books. Ask anyone you know if they have any business advice books you could borrow.
• Investigate if there are any local business networks where you live or work. Ask existing entrepreneurs about their experiences. Having a good working relationship with them can be a vital source of information - see Northern Ireland business networks.

For further guidance on managing money see:

• cashflow management
• identify potential cashflow problems
• set up a profit and loss account for your business
• avoid the problems of overtrading