Uncertainty in cash flow management
Limited financial literacy and understanding financial statements
Unclear on the duties and responsibilities of being a company director
Complexity of payroll calculations and tax deductions
Some of the challenges faced by a new start up business may include:
Feeling overwhelmed? You need help! Who are you going to call? BDO, of course!
You start with a brilliant idea and a passion to share it with the world.
Before you know it, you have a thriving business with paying customers.
Invoices from suppliers are piling up, and while cash flows in and out, you’re unsure how much you’ll have next week, next month, or next quarter.
As your business grows, you find yourself needing staff, a long-term strategy, and assistance in managing and mitigating increasing risks.
BDO offers comprehensive support to clients across various disciplines. While our brand is renowned for delivering exceptional audit and tax services, we also provide advisory and outsourced services that enable management to concentrate on business operations and achieve company success.
The following information covers the Genesis (Startup) phase:
This is the initial phase where the business idea is conceived and developed.
Activities include market research, business financial planning, and securing initial funding.
Support may be needed with understanding cash flow and financial management.