Many business owners start their own business to become their own boss, gain flexibility, and turn something they enjoy into a way of generating income. However, alongside the increased freedom, enjoyment, and fulfilment that come with running your own business, there’s also the weight of increased responsibility, stress, and financial risk.
When starting a new business, not only do owners need to ensure they have sufficient funds to support the launch and initial growth, but they must also maintain their personal income to sustain their lifestyle. This financial pressure is present from the very foundation of their business, often leading to anxiety about finances even before the business has begun trading.
Most business owners rely on their knowledge of the product or service they are offering, but soon find themselves having to learn much more to keep their business running—such as administration, marketing, IT, and, crucially, finance. While managing these varied responsibilities, some skills will come more naturally than others, and finance is frequently one of the most challenging.
However, finances don’t need to be daunting. As a business owner, you don’t have to handle everything yourself. One key skill in running a business is knowing when to delegate or outsource tasks.
At Coopers&Co, as accountants and business advisors, we might not have the expertise to deliver the services or products that are unique to your business, but we excel in helping with the financial side of things. Through our compliance services and YourFD, we can support the accounting aspects of your business. Additionally, our advisory services offer the planning and reporting needed to drive growth and ensure financial stability.
With a wealth of knowledge within our team, we take the time to understand you and your business, listening to your concerns. Where there is a fear of finances, we work with you to develop a plan that aligns with your goals and helps you feel in control of your accounts, giving you clearer focus and restoring balance to your business.
Contact us if you’d like to learn more about our compliance, YourFD, and advisory services, or simply to find out more about how we can help you.
Contact us at:
Email: info@coopersandco.co.uk
Phone: 01604 678470