Starting a business involves many hidden expenses that arise just when you least expect them. The lack of money to keep a business going is a common cause of failure.

Choosing a financing option

The level and type of finance your business needs depends on the nature of your business and your resources.

There are different conditions attached to different sources of finance. Some are costly, with little risk involved, while others are cheap and quick to arrange, but impose heavy restrictions, such as personal liability.

This section of the Creative Business Toolbox takes you through the steps to financing your business. You'll learn about:

• funding your business
• managing your accounts, stock, credit and invoices
• managing your cash, budgets and tax.