How to set up the financial side of your craft business
Make sure you have the financial foundations in place for a successful craft business
Photo by Ron Lach, Pexels
Setting up your own business can be a daunting process. Here we unpick the essential financial foundations you will need to put in place when setting up as a sole trader. Please download our resource to find out how to get your finances straight from the get go.
To support you in setting up and running your craft business successfully, we recommend the Crafts Council's online resources for craft businesses
Recommended reading:
Bookkeeping and Accounting All-in-One For Dummies- Jane E Kelly
Go Fund Yourself- Alice Tapper
Business support organisations:
Enterprise Nation - membership organisation supporting entrepreneurs and small businesses
Federation of Small Businesses offering a range of services for small businesses including financial expertise, advice and support.
Princes Trust - support for 18-30 year olds looking to start a business, with online enterprise resources.
Useful links for tax and business:
ArtQuest 7 steps to business start-up
HMRC The UK’s tax, payments and customs authority
GOV.UK The official UK government website for services and information
