Practical foundations for managing your business

1. Centralise useful documents

Organise formation documents, administrative references and contracts so only relevant people can access them. Arrange suitable backups.

2. Build a relevant calendar

Identify with your adviser the deadlines that actually apply to your activity and circumstances. A generic calendar is not a substitute for a review of your obligations.

3. Monitor useful indicators

Track income, expenditure, receivables and cash needs at an appropriate frequency. A few understood, up-to-date indicators are more useful than a complex, rarely used dashboard.

4. Review organisation as the business evolves

A new activity, additional partner or establishment may change your needs. Anticipate administrative, tax and management implications before deciding.