Growing Businesses
Growing businesses
Let me ask you a question. Are you a growing business or are you growing businesses? Either way, we can help.
You may just have one business that is starting to develop. The business may have matured out of infancy to a more adolescent stage in its development. You may have been working on a more mature business to create something more dynamic and ready to find a new more significant place in the world. Either way, you will be facing similar challenges, which we understand very well.
If you are growing businesses, then you already have a significant wealth of experience, but so do we, and we might be able to fill in some gaps for you or provide a different perspective to help you along your way. Growing businesses is much like gardening. You plan, you plant seeds or acquire your plants. You create the right environment for growth with the right resources, environment and nutrition.
Wherever you are, remember that every day is a school day and we all have much to learn in this ever changing world, no matter what level of past experience we may possess.
What you need to consider
So, what do you need to consider when growing up?
1. Taking on an employee for the first time or expanding your workforce.
- We can assist with all your payroll requirements
- We can put you in touch with someone to help with HR.
- We can point you in the direction of someone to advise on Health and Safety.
2. Do you need finance for working capital or buying equipment?
- We liaise with finance companies and banks and prepare the projections and business plans they require.
- We can advise on the tax implications of various asset finance alternatives.
3. Do you need more space?
- We can advise on the tax implications or buying, selling or leasing premises.
- For property acquisitions, we can advise on the best split of the purchase price to maximise the tax reliefs available in any situation.
4. Do you undertake your own research and development?
- We can advise on the generous R&D tax advantages currently available.
- We will make the claim on your behalf.
5. Do you have an agenda for growth?
- How will you know when you have finished growing?
- Let us help you identify your targets and most relevant KPIs to measure your progress.
6. Do you plan to grow organically or by acquisition, or a bit of both?
- Organic growth can take a long time.
- Acquisitions come with all their own health warnings.
- Both have their place as long as you know what you are doing and get appropriate and timely advice.
7. Growth is good!
- Everyone in a business gets a lift from seeing it grow and develop.
- It is a more stimulating environment in which to work.
- You grow you own wealth as you grow your business so that, when the time comes, you can cash in and reap the rewards of your efforts.