Perhaps you are a new entrepreneur about to launch a business or innovation you have been dreaming about for years. Or maybe you have an established business and things are going well, or maybe even too well. In both instances you are going to need capital – the “oxygen” that every business needs to grow and prosper. So now you are writing your first business plan or touching up the old one in anticipation of raising capital. Capital can only come into a business in one of two ways...
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The report of the death of the business plan has been an exaggeration, to paraphrase Mark Twain. Yet, we often read opinions in popular business press that the business plan is no longer relevant. All you need is a business model, we are told by business gurus. While there is no consensus on the definition of a business model, most people use it as shorthand for the revenue model of a business; i.e. how does it make money. A business plan...
Entrepreneurs come up with new business ideas all the time. Often, they just plunge ahead to develop the product or service without really taking the time to 1) determine if market conditions are favorable, and, if they are favorable, 2) assess the ability of the business concept to take advantage of the opportunity. We have found that by following a focused, two-step process, you can reduce risks...
After much speculation, ‘Son of LDF’ has now been launched by HMRC in order to give individuals and entities the opportunity to correct their UK tax position if they have previously made errors or omissions in declaring overseas income and gains. The new Worldwide Disclosure Facility (WDF), launched on 5 September 2018, replaces the Liechtenstein Disclosure Facility and 3 British Crown Dependencies Facility that came to an end on...