Power Hour – How much cash will I need to start my business? – Electric Works – Sheffield

Overview
Learn how to budget for your new business, understand start-up costs and plan your finances at this free Sheffield workshop.

Wondering how much money you need to start a business?

This free, in-person workshop will help you understand the typical costs of starting a business and show you how to plan your finances before you launch.

Whether you’re starting a small business, freelancing, opening a shop or turning a business idea into reality, understanding your start-up costs is one of the most important steps you can take.

Led by experienced Business Sheffield advisors, this practical session will help you identify the costs involved in starting a business and give you the confidence to build a realistic budget.

What you’ll learn
During the workshop you’ll learn how to:

Estimate the costs of starting your business
Plan a realistic start-up budget
Identify one-off and ongoing business expenses
Understand costs such as stock, equipment, marketing, websites, software, insurance, rent and wages
Avoid common budgeting mistakes made by new businesses
Plan your business finances with greater confidence
What you’ll leave with
By the end of the session you’ll have:

A clearer understanding of how much it could cost to start your business
A practical framework for creating your own start-up budget
Greater confidence in planning your business finances
The knowledge to make informed financial decisions before launching your business
Who should attend?
This workshop is ideal for:

Aspiring entrepreneurs
People thinking about starting a business
Freelancers and sole traders
Start-ups and new businesses
Anyone who wants to understand business start-up costs before launching
No previous business experience is required.

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