Page 7 - Start UpThe new business support programme
P. 7
Cont'd...
• Non payment of taxes – it’s easy to get behind with tax payments and HM
Revenue and Customs won’t be gentle with you.
• Lack of business and strategic planning.
• Little or no knowledge of financing and inadequate borrowing practices.
• Little or no experience in record-keeping.
• Rapid expansion leading to ‘over-trading’ and running out of cash.
• A lack of systems
• Poor sales and marketing processes
