Poacher turned Game Keeper – My insights on exiting a business!

Poacher turned Game Keeper - My insights on exiting a business!

As an entrepreneur turned corporate finance professional, I thought I could give some unique insights into exiting from a business I have established and exited from a number of business ventures prior to sitting on the other side of the table as an advisor and probably the only more stressful endeavour for an entrepreneur other than managing a business is exiting from it. Typically both activities have to be carried out simultaneously and this can be demanding for an experienced entrepreneur and even more for one embarking on the process for the first time. Having

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The £150,000 SEIS threshold is not enough!

The £150,000 SEIS threshold is not enough!

With the Tax Year end looming now is the time for both start-ups and investors to take advantage of tax-efficient Seed Enterprise Investment Schemes (SEIS). But is £150,000 per start-up really enough to succeed in today’s economy? Since its introduction in 2012, SEIS has helped some 1,250 businesses. However, with just £150,000 per start-up available to small and early-stage businesses, many of these start-ups will face fundamental problems due to the lack of follow-on capital. Whilst SEIS is helping to pave the way for business growth, more is required if

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RBS and NatWest unveil £6.6bn loans bonanza for SME’s

RBS and NatWest unveil £6.6bn loans bonanza for SME's

A massive £6.6billion of new business loans will be offered to small and medium-sized businesses by Royal Bank of Scotland and NatWest. The banks will be contacting 23,000 small and medium-sized business customers in a move that comes ahead of a new inquiry by MPs into bank lending to firms. Ian Cowie, chief executive of business and commercial banking for NatWest and RBS, said: ‘We are proactively speaking to customers to let them know how much we could lend if they want to invest.’ If you are an existing customer

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7 mistakes to avoid when approaching investors

7 mistakes to avoid when approaching investors

When trying to raise money and even before pitching to investors many entrepreneurs make mistakes. Here are 7 of the most common mistakes which should be corrected before approaching an investor. 1. Pitching the wrong money Many people waste time sending business plans to any investor that they can find (Banks, Angels, VC’s, Crowdfunding etc). If you use this kind of “Shotgun” approach in your finance-raising strategy, you’ll experience rejection, frustration and waste a lot of your valuable time. Research the best source of finance for your stage of business

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Why a non-exec Director may be just the tonic your growth strategy needs

Why a non-exec Director may be just the tonic your growth strategy needs

Many SME’s think that a non-exec Director is for big businesses with big budgets but this couldn’t be more wrong and is probably the best kept secret of some of the country’s fastest growing small businesses. Here are just 6 reasons why we think you can’t afford NOT to appoint one! Accountability Many small businesses, particularly if owner managed, may not bother to have board meetings at all – or if they do, they turn into long rambling affairs where nothing significant is achieved. A non-exec will facilitate and chair

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Are you the next $1 Billion Startup?

Are you the next $1 Billion Startup?

Do you think that you have what it takes to be the next $1 Billion Startup? What are the actual Odds of your business being the next Instagram, Tumblr or Twitter? The odds that your tech startup will become worth $1 billion or more are incomprehensibly small, according to recent research done seed-stage investment fund, Cowboy Ventures. They’re so tiny that the VC industry has coined a new term for $1 billion startups,  “Unicorns!” and it seems unlikely that you’re getting into the Unicorn Club any time soon. So far

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