Do you have a great idea and want to start a business? Congratulations!! Starting a new business is exhilarating but can also be terrifying and overwhelming. I am sure you have a lot of doubts and questions, like: – Will it work? – How do I set up a company? How do I choose a […]
Research and test your business idea before you invest a lot of time and money. You might believe your idea is better than Facebook and maybe it is, but don’t get carried away! You will not become the next unicorn and beat Facebook overnight. Let’s not forget there were other social media platforms out there […]
What is a Partnership Agreement? Broadly, is a legally binding contract between you and your business partner(s). It sets out the rights and responsibilities of each party, how the business will be run and ultimately it will protect your interests and the company’s. You don’t need to file it at Companies House. Do you need […]
What is a Business Plan? A Business Plan is an outline of the company, who you are, what you do, what you are trying to achieve and how are you planning to achieve it. There is no right or wrong way to prepare a Business Plan and you don’t need an accountant. Frankly it might […]
What is a Non-Disclosure Agreement (NDA)? A Non-Disclosure Agreement or Confidentiality Agreement, is a legally binding contract that allows you to share your ideas in confidence. Do you need a Non-Disclosure Agreement? When you start your business, you will meet with a lot of people like banks, investors, accountants, advisors, manufacturers, marketing agencies and so […]
Have you decided to trade as a limited company limited by shares (most common)? Then you have 2 choices, you can hire a professional to incorporate the company for you or you can incorporate it yourself. Just remember, a limited company is a separate legal entity from the owners of the business. It has its […]
Have you decided to trade as a Limited Company? Great! Keep reading As a limited company you have a few more responsibilities in terms of registrations and submissions. Make sure you understand it. Because, even if you have an accountant, it is still your responsibility as a director to make sure you register, file and […]
When you start a business, you need money right? Depends on your business idea, some people need more than others. If you can fund it yourself then great. If not, have you decided how you will fund it? Some funding ideas 1. Crowdfunding This is a popular option for start-ups especially if you are only […]
As a start-up looking for investment, you will be asked if you qualify for any of the available venture capital schemes. What are venture capital schemes? Broadly, there are 4 schemes that offer tax reliefs to individuals that buy and hold shares, bonds or assets for a specific period of time: Seed Enterprise Investment Scheme […]
What is SEIS? Is a government scheme designed to give investors certain tax benefits if they invest in start-up companies. Start-up entrepreneurs are struggling to find investors even when they have amazing business ideas. We’ve all heard that 90-95% of start-ups fail in the first couple of years of trading. And it is actually true! […]