Hot Business News Today

Hot Business News Today

Attracting investment: 6 ingredients for building an irresistible team

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Originally written by Matthew Cushen on Small Business
There are many components needed for attracting investment — building the right team is one of them.
Just because it is now clichéd doesn’t undermine the truth. For investors, the team is the most important criteria when making an investment. But beyond the headline truth, what makes a founder or a founding team attractive?
For a start, experienced investors have worked out that who you’d recruit into your current or previous business is not the same as who you would back with funding. So it figures that the way you market yourself for investment is going to be different from the way you may have approached job hunting.
Within Worth Capital we, right from an initial piece of paper, through every e-mail, phone call or meeting, are relentless in looking for clues across 6 areas:
1. Battlescars
We value experience in the market space the business is targeting and expertise in the areas needed to make the business model work. For example, when building a new food or beverage brand there are three aspects of the business that are critical: developing a product people will love and want to buy repeatedly; being able to create and nurture a

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Hot Business News Today

MPs to fight Sunak over move to hike national insurance for self-employed

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Originally written by Timothy Adler on Small Business
MPs plan to fight chancellor Rishi Sunak over his move to increase National Insurance tax for the self-employed, bringing it into line with PAYE.
Back in March, the chancellor hinted that he wanted to increase NI for the self-employed, to help pay for the Self-Employed Income Support Scheme (SEISS).
To date, the SEISS has cost the Treasury £13.4bn, with 2.7m self-employed claiming for the first income support grant, and 2.2m accessing the second.
>See also: Rishi Sunak plans grants for small businesses hit by hard lockdown
Earlier this year, Sunak was considering whether to raise national insurance contributions (NICs) paid by the self-employed by 3 per cent to pay for the SEISS.
Currently, class 4 NICs for self-employed people stand at 9 per cent a year, while those who are employed pay 12 per cent a year. Increasing this duty would add £500 to the annual tax bill for anyone self-employed earning over £42,000 a year; and £200 for the average self-employed worker.
The chancellor has since delayed his autumn statement, given the fast-moving coronavirus situation and how quickly the Treasury has to think on its feet, expanding the Job Support Scheme.
>See also: £40m funding for hospitality firms in

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