Author Archive for Successful IBO

Merlin Griffiths: ‘We are creative, resilient, adaptable – this is hospitality!’

Originally written by Anna Jordan on Small Business
Welcome to Small Business Snippets, the podcast from SmallBusiness.co.uk. Today’s guest is Merlin Griffiths, pub owner, mixologist and bartender on Channel 4’s First Dates.
We discuss current difficulties in the hospitality industry and how you can cut your costs.
We’ve paired up with Smart Energy GB to bring you this episode.
Listen to it in the media player below.

You can also catch our episodes with:

Founder and chairman of Pimlico (formerly Pimlico Plumbers), Charlie Mullins
Retail expert and former Dragon, Theo Paphitis
Author and boardroom expert, John Tusa
Digital guru and investor, Sherry Coutu
Entrepreneur and former Dragon, Rachel Elnaugh
Businesswoman and Dragon, Deborah Meaden
Entrepreneur and The Apprentice 2005 candidate, Tim Campbell
Gousto CEO, Timo Boldt
Entrepreneur and The Apprentice 2018 candidate, Jackie Fast
Investor and former Dragon, Piers Linney
Investment fund manager, Nicola Horlick
Supermodel turned entrepreneur, Caprice

We’ve got podcast episodes from the first series looking at:

How one business owner’s mental breakdown caused her to see trolls from her past
How one entrepreneur hired a videographer to track their every move and build their business brand
How funding a business led one entrepreneur to stress-related alopecia
One entrepreneur’s first professional public speaking engagement
Adapting to UK life and learning English before starting a business
Securing seed funding
Finding the perfect head of

Read more...

8 legal considerations for setting up a business during the pandemic

Originally written by Nick Owens on Small Business
Record numbers of new businesses are setting up amid the Covid-19 pandemic as entrepreneurs show a determination to work their way out of the financial crisis.
The stories behind many of those newly formed businesses is revealed in a special report, Starting A Business In A Pandemic, published by Harper James Solicitors. Here the national law firm, designed to support new businesses from start-up to scale-up, share eight legal considerations that every entrepreneur should be aware of.
1. Founders Agreement
You and your co-founders may start out as best friends, but nothing can sour a relationship more quickly than differences about business.
A founders’ agreement will clearly set out all the answers to essential questions such as: what is the company’s mission and what is your ultimate goal? What are the roles and responsibilities of each team member? And how will equity be owned and when will shares vest?  As businesses grow, the formalities tend to multiply and having a clear founders’ agreement will make these formalities easier (and cheaper) to complete.
2. Shareholder and investor agreements
Setting up a shareholders’ agreement can help take your start-up to the next stage. If you are funding your start-up yourself, then

Read more...