Advice for start-ups from AIB
David Roberts of AIB provides advice for start-ups.
AIB is the leading business bank in Ireland according to TMS MRBI research October 2009. Over the years, by listening to its customers, it has gained practical insights into how to help businesses from start-up stage right through to expansion. Allied Irish Banks, p.l.c. is regulated by the Financial Regulator.
Cash flow is a term used often by accountants and bankers. It describes money being paid out by a business and money being paid into a business. This article covers how to manage your cash flow.
This is a comprehensive and structured framework to managing your cash flow which can be downloaded from AIB's website.
Most new businesses need some financial help to get started, grow and develop. Ask yourself how much do you need, what are you prepared to invest in the venture and what other support is available?
When starting a business, there are some key points to consider when approaching your bank for finance. What will a finance provider be looking for from you?
To access bank finance, your business must be able to generate sufficient funds to service interest and proposed loan repayments, while continuing to provide an adequate return to you and/or your business partners.

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