Welsh Government

Finance

Setting prices is challenging. The amount of profit you make depends to a great extent on the prices you charge, so getting the price right is vital to your business success. This section highlights...
In order for your business to survive, you need to have enough money to cover all your start-up costs, the costs of running the business and also for you to live on. This section looks at how to...
The first step in setting prices it to establish your costs. This section helps you understand the different types of costs involved in setting up and running your business.
Now that you’ve identified what it costs to start and run your business, you can work out the cost of producing your product or providing your service. This section takes you through the process of...
Pricing is a complex area. Set your prices too high and you may lose the sale. Set them too low, and you leave money on the table. This section looks at the different ways to arrive at your price and...
It can be a number of months before a new business is profitable and generating a cash surplus. You may need alternative sources of income during this period, if only to cover your outgoings. If your...
Working out where to go to find finance and choosing the right type can be tricky. Our finance area is here to help.