Search jobs Starting a new business – out of interest or necessity – may seem exciting as not only will you be your own boss, but you can also have more financial freedom. However, there are a lot of financial management tips and tricks you need to know upfront to help you get your business off the ground, and later to scale. Among the most important is doing a financial forecast. This is where you look at a period of time e.g. six months or a year and plot your fixed vs. your variable costs.