Getting Your Company Ready For Sale
Getting a company ready for sale is a bit like getting your car ready for sale. Polish it up, get rid of the rattles, make sure you can find the log book and the service record. How do you get your company ready for sale? We consider that the following points are key......read more.
How To Get Money Out Of A Business
Do I pay myself salary or dividend or make a contribution to a personal pension fund? I must caution the reader that you must talk with a Financial Services Authority registered individual if you want to take this further. However this article tries to demystify some of the tax issues and opportunities to get money out of a limited liability company......read more.
We have all worked in large organisations and the larger they are, the more a knowledge of the internal politics and unofficial communications systems is of value in surviving and making progress. For people outside the organisation who are trying to get things done within the organisation, the situation is twice as bad because they not only have to figure out the official hierarchy and communication channels, but also the unofficial ones......read more.
Staff Appraisal from XL Magazine
The key to staff appraisal meetings is that there should be no surprises. For instance, if an employee tells a manager that the six months since the last review have gone really badly, it should not be the first they have heard of it. This is because staff appraisals must not exist in isolation, but should be part of an ongoing process in which both management and staff have a responsibility......read more.
There are over 930 different EU and UK grants and loans available from over 100 issuing bodies. This is the cheapest form of finance and an important part of the funding package that companies and individuals need. We can help you find your way through this maze......read more.
Fund raising is not quite as easy as the papers would have you believe. However, the odds are improved if you approach it in a methodical way. We adopt a three stage process: Preparatory Stage, Marketing Stage and Transaction Management Stage......read more.
It is a common misconception that companies need to keep their taxable profits below £300k to minimise tax. This is because the tax rate jumps from 19% for profits below this level to 30% above this level. Whilst this is technically true the apparent step change is smoothed for taxable profits between £300k and £1.5m by a little known equation called taper relief......read more.
“Meetings are a waste of time. I’m just too busy to spend time in meetings. I’ve got too much work to do”. Sound familiar? And when I hear this I often do see people flying around frantically fire fighting, often getting lots of interruptions and not being at all sure where they are going. Does that sound familiar too?.....read more.
How to get money into any business is a problem as old as the hills, so don’t feel that your situation is unusual. There are four main ways of achieving this: Don’t overlook the obvious! , Banks and other financial institutions , The Government and External investors......read more.
The Institute of Pension and Payroll Management (IPPM) has a saying developed and used by its members: “We don’t simply do payroll, because payroll isn’t simple”. Recently the Inland Revenue has introduced major changes which affect payroll and include legislation covering extended maternity leave, new paternity leave and payment rules, student loan repayments and many more. Any company offering Stakeholder Pensions to its employees needs to be aware of the rules governing the application of pension through payroll. Payroll becomes a juggle of paying employees, understanding the legislation and how to apply it and then ensuring compliance with the PAYE and National Insurance audit groups......read more.
There are a number of descriptions of the administrative function but quite often it is the oil that keeps a business ticking over efficiently. Without a workable administrative system amazing things can happen in a business. Recently I heard of a new accountant rummaging around in his new role to discover a shoe box of pre Euro European currency notes totaling £300 in value but no longer legal tender......read more.
The best way to show bankers, venture capitalists, and angel investors that you are worthy of financial support is to show them a great business plan. Make sure that your plan is clear, focused and realistic. Then show them that you have the tools, talent and team to make it happen. Your business plan is like your calling card, it will get you in the door where you'll have to convince investors and loan officers that you can put your plan into action......read more.
Gathering Information For Your Plan
A common problem people encounter when writing their business plan is finding information about their business industry and competitive companies. Fortunately, in recent years the Internet has made information gathering simple and easy, but sometimes the best information is found much closer to home, with real people, in real time......read more.
A business plan is not a one-time document, at least it shouldn't be. Most businesses put together a business plan during their start-up phase to organize, attract partners and employees, and to try and get a loan or financial investment. This is a great use of a business plan, however far too often once the company has started up the plan isn't touched again......read more.
Often you may hear about what a business plan consists of. While including the necessary items is very important, you also want to make sure you don't commit any of the following common business plan mistakes:
1. Putting it off.
Don't wait to write a plan until you absolutely have
to. Too many businesses make business plans only
when they have no choice in the matter. Unless the
bank or the investors want a plan, there is no
plan......read
more.
Design Your Plan to Fit Your Business
Business planning is about results. For every business plan, you need to make the contents of your plan match your purpose. Don't accept a standard outline just because it's there. You can find dozens of books on the subject, about as many Web sites, two or three serious software products, and courses in hundreds of business schools, night schools, and community colleges. Although there are many variations on the theme, a lot of it still falls into the same standard......read more.
Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one. If you are seeking funding from a venture capitalist, you will certainly need a comprehensive business plan that is well thought out and demonstrates sound business reasoning......read more.
The Essential Contents of a Marketing Plan
Every marketing plan has to fit the needs and situation. Even so, there are standard components you just can't do without. A marketing plan should always have a situation analysis, marketing strategy, sales forecast, and expense budget......read more.
Public Relations involves a variety of programs designed to maintain or enhance a company's image and the products and services it offers. Successful implementation of an effective public relations strategy can be a critical component to a marketing plan......read more.
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