SEIS: Startup term I wish I understood but was afraid to ask! Here is a brief overview of the Seed Enterprise Investment Scheme from a company founder’s perspective. Armed with more knowledge about this fantastic UK tax incentive aimed at start ups and early stage growth companies, hopefully we can get more impetus behind this government … Read moreWhat is SEIS?
The Seed Enterprise Investment Scheme (SEIS) provides an excellent opportunity for early stage fast growth companies to access funding from founders, family, friends and business angels. In essence it rewards investors by allowing them to reclaim income tax at a rate of 50% of their investment under the scheme (limited to £100,000 investment per tax … Read moreGetting the most out of SEIS to fill the funding gap
Crowdcube presents an interesting angle on an idea I’ve been pondering for a while: “How can we open the door for armchair investors to (partially) fill the funding gap suffered by UK startup businesses whilst providing a more interesting and varied investment opportunity compared to say traditional pension or ISA investment offerings?” Business angel investor … Read moreCrowdcube: A useful funding option for UK startups and fast growth companies?
Yesterday’s Budget speech provided largely good news for entrepreneurs in the digital, technology and creative sectors. George Osborne had promised an “unashamedly” pro-business, pro-growth and pro-aspiration Budget and, although it might be over-flattering to suggest that he achieved this, he certainly made some positive inroads toward addressing some of the roadblocks facing early-stage startups and … Read moreBudget 2011 supports digital, technology and creative businesses (mostly!)
Some key learning points for fast growth and start-up companies: Common misconception that start-ups need external finance. Taking other people’s money leads to bad choices – too much staff, computers and too much time. Don’t waste your time raising money. Prove the business on its own revenues. Make sure you are working on your best … Read moreBusiness Tips for Start-Ups from David Hansson – 37 Signals