Managing business finance during the start-up phase
Find business start-up support in Northern Ireland
Most businesses need assistance at some stage in their development. This is especially true of businesses in the early days.
In Northern Ireland, councils and local enterprise agencies provide support and guidance to start-up entrepreneurs:
- Find your local council contact details in Northern Ireland.
- Find your local enterprise agency with Enterprise Northern Ireland.
Other support includes:
- Invest NI's regional office network offers training and advisory services to those starting up in business.
- The Prince's Trust is an initiative to help young people to succeed in business. The Trust offers advice, opportunities and financial assistance .
- Shell LiveWIRE aims to encourage young people aged between 18 and 30 to start up their own business.
The Northern Ireland business support finder is a searchable database that can help you find publicly-funded and not-for-profit sources of assistance you may be eligible to apply for. Support may be available in a number of forms, including financial assistance and free or subsidised advice services
For further information see start-up support - an overview.
You may be entitled to Working Tax Credits. These are payments to top up the earnings of working people on low incomes, including the self-employed. GOV.UK provides an overview on working tax credit.
If you find that your business is unable to pay the taxes it owes to HMRC, contact the HMRC Business Payment Support Service.
Bear in mind that you will almost certainly have to pay for the specialist knowledge and advice from financial advisers and accountants. Search for an independent financial adviser in the UK with unbiased.co.uk.
It is a good idea to have an accountant for your business. Although having an accountant is an additional expense, it is a good investment. For more information, see choose and work with an accountant.
My New Business
My New Business is a free online service that covers everything you need to plan, start and run a business. It has videos and tools, plus other learning resources - like tutorials and case studies. All of them are aimed at helping people like you get your business started.
It also includes checklists that cover everything from coming up with a strong business idea and developing it, to identifying and reaching your customers to turn that idea into a successful business - see My New Business.