3 The right financial backingEven if the client has a potentially successful product, the business cannot achieve anything without the right financial backing. The client should take expert advice from a reliable accountant or other financial adviser as to the right mix of different types of finance (short-term finance for working capital or longer-term finance for more substantial capital requirements such as heavy machinery and premises)1. The most appropriate combination will of course vary depending upon the type of business. For instance, a client who intends to set up a manufacturing business is likely to require more long-term capital
Even if the client has a potentially successful product, the business cannot achieve anything without the right financial backing. The client should take expert advice from a reliable accountant or other financial adviser as to the right mix of different types of finance (short-term finance for working capital or longer-term finance for more substantial capital requirements such as heavy machinery and premises)1. The most appropriate combination will of course vary depending upon the type of business. For instance, a client who intends to set up a manufacturing business is likely to require more long-term capital
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234