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Guy Rigby Articles
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| Guest post by: Guy Rigby |
Ten key hooks for investors in early stage businesses - Click To Read Article
Family and friends are a great source of funding for start-ups and early stage businesses, but raising money from external investors or business angels is more challenging. Here are ten of the key issues that investors will be considering when they meet you or read your business plan.
Rebuilding your reward strategy - Click To Read Article
In the middle of change it can be easy to overlook the impact that restructuring has on reward strategy. We all know that having up-to-date and flexible people practices is vital to support business objectives, but many businesses forget to review their reward approach as their business grows and changes. Here's our six stage model for checking that your reward systems are still up to the job:
Protecting against fraudulent financial reporting - Click To Read Article
The National Fraud Authority recently reported a significant increase in the volume and value of frauds, and this is likely to continue to rise. False accounting or fraudulent financial reporting is likely to be by far the largest corporate fraud risk as we go into 2010. Management in many businesses is under huge pressure to demonstrate growth and absorb any previous over-reporting.
Is your business protected? - Click To Read Article
The saying goes that in business, no one is indispensable. But business owners are often the exception to this rule. So, it's worth taking a moment to think about whether your business and family are protected from a worst-case scenario.
Is your business ready for the next move? - Click To Read Article
The recession, from which we now appear to be emerging, has been unlike anything we've seen before. The drivers of the classic entrepreneurial business - easily available bank lending, steadily increasing sales, burgeoning M&A activity, a buoyant stock exchange and low taxes on exit - have all been severely undermined.
How to get bank funding in five essential steps - Click To Read Article
As we all know, persuading your bank to give you funding is a much trickier business that it used to be. So if you're an entrepreneur or growing company relying on bank finance, it is essential to have a healthy relationship with your bank.
How to get EIS relief if you're an owner-manager - Click To Read Article
Tax relief under the Enterprise Investment Scheme (EIS) is normally associated with business angels and passive investors in unquoted trading companies, rather than their owner-managers. There is a common misconception that owner-managers cannot qualify for EIS relief in respect of equity investments in their companies. But in certain circumstances, if the investment is carefully structured, there may be an opportunity for owner-managers to claim EIS relief.
Give your business a helping hand with a non-executive director - Click To Read Article
Growth businesses which find they are lacking in knowledge or expertise in a particular area may find that the answer is to bring an experienced non-executive director (NED) on board. A NED will have typically enjoyed a successful business career, and can bring a range of benefits to your board and executive team. They often have several directorships with companies of differing sizes and usually work part-time.
Cashing out, but staying in - Click To Read Article
We see a lot of business owners wanting to take cash out of their business, but without selling up or losing control. At the moment there are many owners who had planned on selling their businesses by now, but as a consequence of the recent difficult times, it just hasn't happened - the clocks have been forcefully turned back. So, instead of selling, they may want some liquidity to provide security for themselves and their family. Another scenario where cash may need to be taken out is when, for example, there are two shareholders and one of them is retiring. Unless personal funds are available, the shareholder who is staying in may not want to be left with burdensome debts when his partner is safely out, so may also like some cash.
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About the Author: Guy Rigby RSS for Guy's articles - Visit Guy's website Guy is an experienced chartered accountant and an entrepreneur. A natural and driven enthusiast, he built and sold his own accountancy firm, as well as pursuing other commercial interests. He has been a director and part owner of a number of different companies, including businesses in the IT, property, defence, manufacturing and retail sectors. In an unusually varied career, he has been the senior partner of two accountancy firms, a finance director, a sales and marketing director and an adviser and mentor to many entrepreneurial businesses and their owners. He was also a joint founder of the Non-Executive Directors Association (NEDA). Guy joined Smith & Williamson in 2008 and leads the entrepreneurial services group. His day to day activities include advising entrepreneurs and their businesses and coordinating Smith & Williamson's activities in this increasingly important market. The articles available here are written by Guy and members of the Entrepreneurs team at Smith & Williamson. Click here to visit Guy's website Is your business ready for the next move How to get bank funding in five essential steps Rebuilding your reward strategy Cashing out but staying in How to get EIS relief if youre an ownermanager |
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