Where are you now?
You have a viable product or service with real potential and have secured sufficient funding to support product development. You are focused on market research and refining your product for success in the marketplace. You may have looked to external investors and they have made their decision to invest in the viability of the project based on the strength of your ideas, capabilities, skills and your past history of success. Positioning yourself for the next level of growth and cultivating your network of contacts to take your ideas to market is important.
What are your challenges?
As the business takes off you may become subject to more scrutiny from interested parties. This might be:
You might also be looking for further funding, possibly venture capital. To ensure that you are ready for this, accurate cash flow forecasting and business plans are critical
How we can help
Many companies are still below the statutory audit threshold at this stage. However, we often provide pre-emptive advice in starting to develop the financial systems and controls that will prepare them for moving into the next stage.
We also typically support on tax advice. There are many great incentives available to entrepreneurial companies, around Research and Development funding, tax reliefs for investors and incentivising staff through share option plans and we help our clients embed these into their business in a simple and effective way.