60% of the UK’s adult population are currently working from home during the Coronavirus lockdown (April, 2020) Source: https://www.finder.com/uk/working-from-home-statistics
Investor Jakob wants to help, and has the money… but what will he get in return? Then there is the business finance setup planning – who are you going to call? And, how much for premises!
Russell dumps Mike in preference for Dan Orasnjak from our accountants, Lang Bennetts. Dan provides some financial insights to starting and running a business and points out where Sydeline are not taking the best approach!
Every business suffers from real life business calamities. Sometimes it’s unavoidable loss of a key member of the team. Maybe the biggest customers finds a cheaper, or shudder the thought, better company to deal with. There is always a risk that something can go wrong – it’s how you deal with it that counts.
Diving into launching the business, by starting in partial competition with her father, Zelda considers some brave steps.
However, striking up a business relationship with Jakob means having to make some sacrifices.
Mike and Russell, from Gydeline discuss how to prepare for starting a business and what skills are needed to do it well. The tools and support required are covered along with some ideas on naming an organisation.