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Entrepreneurship has confronted several challenges with financial difficulties and constraints always being one the key reasons that prevent many start-ups from getting off the ground.
When Finn Kelly wrapped up a career as an Army officer, he knew the world of finance was his next challenge. At a conference of young professionals, he met the person who would become his managing partner in Wealth Enhancers, a boutique advisory practice that targets private banking clients.
Running a small business inevitably means becoming a jack of all trades, most notably of which is ‘doing the books’. This in turn requires getting to grips with tricky accounting packages, an understanding of spreadsheets and becoming conversant with accounting jargon. The result is waving goodbye to your evenings, weekends and regular sleep.
March is consistently the worst month of the year for company insolvencies. Why? Because businesses don’t plan for the inevitable drop in cashflow over the holiday period. Tim Lea offers some great advice on how to keep all the balls in the air while you and your customers are enjoying the summer break.
It makes sense to build a company’s investment plan that has the interlocking qualities of Lego pieces, tightly fit, all supporting and connected to each other. To do that takes a carefully constructed financing plan with these specific elements: