A common question asked by business founders and entrepreneurs is how much of the profit generated (after paying all expenses) they should leave in the company – or put another way: “How much should I pay myself?” Here are two scenarios: William pays himself enough to live off, pay the bills and take the family … Read moreHow much money should I take out of my business?
The introduction of Seed EIS (SEIS) is a major break-through for early stage companies seeking funding. Here are 10 need to know (N2K!) facts for start-up founders on the new SEIS scheme: SEIS allows investors in early stage companies to receive 50% income tax relief on investments up to £100,000 per year. So for every £1 … Read moreSeed EIS (SEIS) – 10 need to know facts for UK start-ups
I am looking forward to co-hosting a seminar at lunch-time today on: 10 tax tips for fast growth companies The seminar is pitched at companies from startups through to more established companies as we walk them through the sorts of tax issues and opportunities they should consider as they seek to grow profitable companies. We … Read more10 tax tips for fast growth companies seminar
Incentivising key employees by giving them an equity interest in the company not only makes sense from a motivational and employee retention perspective but it also makes good financial sense when cash is tight and tax can bite nastily on cash bonuses. Many UK growing companies will qualify for the Enterprise Management Incentive Scheme (commonly … Read moreEIS & EMI – Happy marriage or grounds for divorce?
Bill Morrow, founder of the Angel Network, outlines 5 top tips for entrepreneurs seeking funding from VCs: Make sure you can explain your business quickly and succinctly. If it takes you more than 5 minutes, then you’ve yet to get it nailed. Back to the drawing-board for you! Outline the pain that your product or … Read more5 tips for securing funding – Bill Morrow: Angels Den
I’ve been reflecting on the key business learning points emerging from the BVCA’s excellent recent event Financing & funding the digital age held in Manchester on 16 September 2010. It was a full day of fast moving panel discussions and keynote speeches that kept coming at a relentless pace until almost 6pm – plenty to chew over hence the … Read more7 tips for start-ups seeking VC funding
I was recently put on the spot at a Technology event and asked how much I would charge for assisting a tech startup in preparing a business plan to secure investment funding. I answered “it depends”. A cop-out? Not in my opinion. Why? Because it depends on where you are in the investment cycle. If … Read moreSeeking Seed Funding: 12 tips for early stage startups
Intellect launch their Making BrITain Great Again Technology Manifesto with a call for investment in supporting intellectual property rich (IP) technology companies in order, not only balance the books, but to rebuild a stronger UK business base for the future. This technology manifesto identifies 4 types of technology business needing support and encouragement: Early stage … Read moreMaking BrITain Great Again – Intellect launch Technology Manifesto
Launch of the £200m UK Innovation Investment Fund could not come at a better time as funding for early stage technology, digital and life science companies continues to dry-up – worrying given that these are the innovative fast growth companies that our UK economy is relying on to dig us out of our UK budget … Read moreUK Innovation Investment Fund – Too little, too late?