Financing Your Business

What You Must Do When Starting a New Business

In the U.S., starting a business is relatively straightforward, but staying compliant, fundable, and operationally efficient requires more than just registering a name. Here’s a checklist of high-impact steps every growth-oriented entrepreneur should take when launching a business and why each one matters.

Keeping Track of Your Finances

The key to managing business finances effectively is thorough documentation. Whether it's keeping receipts, processing employee payroll, or recording transactions, everything must be properly documented or stored in software to meet IRS requirements for tax calculations.

Six Step Strategy to Source Business Funding

Once your business has reached a certain scale, funding decisions become more strategic. You're no longer scraping together startup capital, you’re choosing the right combination of funding sources to support expansion, innovation, or resilience.

 

Working With Cash Flow Forecasts and Budgets

No business owner has a crystal ball, but while it’s impossible to predict the future with complete accuracy, budgeting and cash flow forecasting can significantly reduce the guesswork. These tools not only help you anticipate potential challenges but also enable you to make informed decisions that keep your business on track.

Raising Capital for Your Business

At some point in your growth journey, your business may need a cash injection, either to launch a new product, expand locations, hire key staff, or navigate a tough quarter. Whether you're pursuing growth or managing risk, knowing how to raise capital and which option fits your situation is critical.
 

Preparing For a Loan

Before you meet with your bank to discuss a possible loan, it’s important to prepare your business and finances to improve your chances of approval. Lenders will assess your financial stability, business viability, and ability to repay the loan, so taking the time to strengthen these areas can help you secure better borrowing terms.

Revenue Potential

Use our revenue template to quickly work out a ballpark estimate of the revenue potential of your business or idea.