Date: 31/07/2018 | By: Kevin Brent
Most people think of starting a business as risky, but unless you invest a significant amount of start-up cash in your venture, you’re not really risking much other than your time. That changes if you’re lucky enough to get your business off the ground. As your company grows, you start to risk more and more of your wealth because the business you’ve built is actually worth something. The longer you hang on to it, the more you have to lose.… Read More
Date: 31/07/2018 | By: Sara Marrett
If you’ve never had an intern before, you could be forgiven for thinking you hire one to pass on your wealth of business knowledge, so your legacy lives on after you retire. That, and to have some extra hands on deck to order your lunch when the going gets tough. To clarify, an intern is usually a student or graduate seeking relevant experience on a fixed-term programme run by an organisation. The truth is, hiring an intern can be a… Read More
Date: 31/07/2018 | By: David Lynes
We are proud to announce the launch of our new logo and website as part of the ongoing evolution of Unique IQ’s brand. Our business has grown and evolved over the past 15 years, and we felt it was time for a change. We have refreshed our brand to reflect who we are today and to cement our future as a leading workforce management solutions provider. After deciding change is needed, our Marketing Department have been working with Bromsgrove based Marketing Agency, Platform81, to… Read More
Date: 31/07/2018 | By: Kevin Brent
Funding received by Think Aluminium from WBA has delivered huge benefits to its production process The Company: The business was founded by owner Duncan Rutter in 2015 after using capital from selling shares in a windows company he had previously established.Duncan established Think Aluminium after wanting to branch out to further develop his ideas surrounding the production of low volume but high specification products instead of the high-volume offerings which dominate the fenestration market. Designing his own range of extruded… Read More
Date: 31/07/2018 | By: Kevin Brent
WBA support received by Industrial Switchgear Ltd has 'injected a huge confidence boost' into the company The Company Established in 1959, Redditch-based Industrial Switchgear Ltd has been manufacturing electricity distribution and control apparatus for almost 60 years, and chairman Graham Poole has been there for almost all of them. With a turnover of £1.1m, it employs 23 staff. The Challenge With a small customer base, the company is immediately exposed to risk as it is difficult to pursue new business… Read More
Date: 31/07/2018 | By: Kevin Brent
With help from WBA support, Adder Bookkeeping was able to invest in 'crucial business development activity' The Business: Adder Bookkeeping- based in Pershore, provides secure ‘cloud’ bookkeeping and related services to SME’s in the Worcestershire area. The Problem: After a decade as a sole trader, Helen Bower wanted to transition from being a sole trader to become a fully fledged bookkeeping business. “I was inspired by the Institute of Certified Bookkeepers at a conference in London in October 2016,” she… Read More
Date: 31/07/2018 | By: David Lynes
WBA support received by Unique IQ has 'injected a huge boost into the company'   The Company: Founded in 2004 by owner David Lynes, Redditch based Unique IQ deliver software solutions to the homecare and cleaning sectors using a portfolio of workforce management solutions. Over 14 years, David and Unique IQ have developed a well-respected reputation with their innovative brands IQ:timecard and IQ:careplanner which allow clients to efficiently manage their workforce, reduce office processing, streamline communication, reduce costs, improve lone… Read More
Date: 26/07/2018 | By: Kevin Brent
Have you ever wondered why startup companies stop growing? Sometimes they run out of potential customers to sell to or their product starts losing market share to a competitor, but there is often a more fundamental reason: the founder(s) lose the stomach for it. When you start a business, the assets you have outside of your business likely exceed those you have in it, because in the early days, your business is worthless. As your company grows, it starts to… Read More
Date: 17/07/2018 | By: Kevin Brent
If you’re trying to figure out what your business might be worth, it’s helpful to consider what acquirers are paying for companies like yours these days. A little internet research will probably reveal that a business like yours trades for a multiple of your pre-tax profit, which is Sellers Discretionary Earnings (SDE) for a small business and Earnings Before Interest Taxes, Depreciation and Amortization (EBITDA) for a slightly larger business. Obsessing Over Your Multiple This multiple can transfix entrepreneurs. Many… Read More