Setting up a business can be exhilarating, demanding, even fun, but it has to be profitable. You can have the best idea in the world, but if that idea doesn’t turn into cash, you won’t last very long.
Around 50% of new small businesses fail within the first four years, so how do you increases your chances of being in the half that don’t?
Goods ideas help, as does financial backing, but the importance of the “boring” stuff is often underestimated.
Tim Stone of 3volution will talk you through some of the risks of overlooking the mundane. He’ll explain why shareholder agreements aren’t optional extras, why terms and conditions shouldn’t be an afterthought and why “without prejudice” isn’t a get out of jail free card. In short, he’ll spend half an hour telling you how to keep him out of a job.