Financial Planning

When you're running your own business, it's vital to spend time keeping track of your finances - the money side of things is where many new businesses come unstuck. The key task is to monitor cash flow, but you also need to plan for contingencies, so that you aren't totally floored if you hit a bad patch. It's also important to get a handle on your taxes, which are an essential part of working for yourself.

In this section, we take a look at the financial side of running your home-based business, from setting up the right bank account to making sure that you're adequately insured.