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Posts Tagged ‘money’

I’m infuriated by the election campaign. When things were booming, the Government poured more petrol on the fire, preventing any correction and encouraging the whole population to binge on debt. Then times turned bad, so they borrowed even more. Spending has to reduce because we’re spending more than we’re earning. We understand that on a [...]

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What’s my greatest challenge as an aspiring mumpreneur? Not enough time or money. Oh and not forgetting the lack of sleep (milk in the washing machine, dirty socks in the fridge – you get the picture).

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When starting a business it is difficult to put aside an amount for marketing and it’s hard to justify how much should be spent.

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Money, money, money

I developed a business idea which I know is a strong, feasible proposition but, with only having normal jobs, no mummy or daddy to hand in large amounts of cash and no major savings in the bank, I knew that I would need external funds to realise the plan.

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Tax is never a popular subject – made even less so by recent revelations that HMRC has got many of our tax codes wrong, meaning excessive charges for some. Mistakes by HRMC aside, ‘tax doesn’t have to be taxing’, as the saying goes. If small firms take the time to keep their books in order throughout the year, a mad dash at key dates in the taxation calendar can be avoided.

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This week, Doug Richard, former Dragons’ Den investor and founder of the School for Startups hosted a ‘bootcamp’ for social enterprises in London. Much of the day focused on comparing businesses run to generate profit for shareholders with those run to create a social impact. Just how “business-y” should a social enterprise be?

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Back in the mid-1990s, my company, Actinic, was set up using my own money and some I borrowed from family and friends. My business partner and I then raised £165k from an angel investor, and later a further £1.5m from venture capitalists, 3i.

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“If it’s worth doing, it’s worth doing properly” my mum always used to say. We never had much money when I was growing up, but whenever mum did buy something, she’d always make sure it was of the best quality she could afford.

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Last month we talked about starting a business on very limited resources. This time, I would like to think about the problem of having too much time or money.

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