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GROWING A BUSINESS 

 

Having now established a business, the focus for many business owners is growth. With the right support and a smart approach, the dream of scaling up your venture from start-up to successful business is achievable.

 

A common question, at this stage, is knowing when to hire your first employee. For many of the businesses we work with, hiring staff is a daunting and potentially complex process. However, we know that hiring the right person, at the right time can make all the difference to your success. 

 

Our experienced and consultative approach enables clients to overcome many of the challenges they face when expanding, and we are committed to helping business owners make informed decisions and plan effectively for growth. 

 

CKLG Accountants

Cashflow management and accountability

 

As your business grows, so do the demands on your resources, budgets and cashflow. Many start-ups fail to grow past the early stages, largely as a result of poor cashflow management. 

 

Transparency and accountability is key. Businesses that operate with a clear and realistic understanding of how much money they have to spend and prioritise their expenditure accordingly, often demonstrate higher survival rates than businesses who have little, to no control over their cashflow. 

 

Online accounting software, such as Xero has given business owners greater visibility of their cashflow, enabling them to make more informed decisions about the their business and how to grow it effectively.

 

For practical advice on cashflow management, contact our Business Services team on 01223 810100.  

 

Attracting investors

 

When you are looking to attract outside investors, qualifying under the Enterprise Investment Scheme (EIS) or Seed Enterprise Investment Scheme (SEIS) can make your Company a much more attractive proposition. 

 

Both the EIS and the SEIS are designed to help small, early-stage companies to raise equity finance by offering valuable Income and Capital Gains Tax reliefs to the individual investors who subscribe for new shares in those companies.

 

Check out our blog on Investing in Small Businesses

 

Speak to Lawrence or Nicola for more insights on whether your business could attract EIS or SEIS investors.

CKLG Accountants
CKLG Accountants

Restructuring a business

Businesses face a number of challenges during their lifetime. Some of the most common questions we are asked include; 'what is the best way to introduce a new director or shareholder,' or 'how do we deal with the retirement of a shareholder?' 

 

There will be regulatory and tax implications to consider and a detailed plan will be required in advance, especially if you expecting to take advantage of any tax reliefs such as Entrepreneurs' Relief.

 

We can advise on:

  • corporate restructing including the introduction of new directors or shareholders
  • the most tax efficient way to buy out an existing shareholder.

For more information, speak to Lawrence or Stef on 01223 810100 

Buying a business

Whether you are expanding or just starting out, acquiring an established business can provide an alternative route to running or growing your own business.

 

Acquiring an existing business can involve a significant investment of your time, resources and finances, and there are a number of personal, financial and taxation considerations to be aware of before you buy an established business or franchise in the UK. 

 

Call Lawrence on 01223 810100 who can talk you through the process of buying a business.

CKLG Accountants
CKLG Accountants

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