Getting into the premises is proving… expensive and difficult. Some bad decisions has Jakob bailing out Zelda again

With Zelda setting up new factory, warehouse and office facilities, it's an opportunity for us to discuss the basics of setting up and running premises.  Joining Russell for this episode is an experienced facilities manager, Dave Moore, who will provide an insight into some of the pitfalls Zelda is falling into and how to make premises work well.

Timings

* 00:18 - Scene 6.1 - Building a Better Building

* 07:19 - Discussion with Dave Moore

* 08:57 - The role of an architect

* 09:30 - The role of a project manager

* 09:57 - The expectations of the client

* 10:40 - The role of a builder

* 11:02 - Change Control

* 12:35 - Others that should be involved

* 14:20 - Health and Safety

* 16:33 - Learning from Mistakes

* 17:40 - Top tips for creating useful, safe and effective premises

* 18:50 - What's next?

Useful Information

Setting up and running Business Premises (@07:19)

*

HM Gov Business Premises Advice - Page (gov.uk)

*

Fire Safety in the Workplace - Page (gov.uk)

Architects and Project Managers (@08:57)

*

How do I use an Architect? - Document (RIBA)

*

(Not secure) About Working with an Architect - Page (ACA)

*

What does a Project Manager do? - page (APM)

*

A day in the life of a project manager - Article (APM)

*

What is Change Control - Page (APM)

Health and Safety (@14:20)

*

Managing for Health and Safety - Page (HSE)

*

H&S The basics for your business - Page (HSE)

*

Small and Medium businesses case studies - Index (HSE)

Top tips for creating useful, safe and effective premises (@17:40)

* Tip #1 - Listen to advice

* Tip #2 - Listen to the client

* Tip #3 - Work together to find the solution

Episode script

Building a better building

Building a better building

CONTINUITY: Finally, Jakob and Zelda meet in their new premises where renovation and beautification works are well underway.

(Builders and fitters working in the background)

ZELDA: Morning Buttercup!

JAKOB: What? (Bit deflated it wasn’t a term of endearment) Oh,

Getting into and setting up premises is proving… expensive and difficult. Some bad decisions has Jakob bailing out Zelda again.

With Zelda setting up new factory, warehouse and office facilities, it’s an opportunity for us to discuss the basics of setting up and running premises. Joining Russell for this episode is an experienced facilities manager, Dave Moore, who will provide an insight into some of the pitfalls Zelda is falling into and how to make premises work well.

Some business confidential information is leaked from the company. How, who, and what is the impact?It's easy to be relaxed about privacy in business dealings in this supposedly transparent and open world. Should Jakob and Zelda be worried about Zelda's dad knowing the inner workings of Sydeline?  How important is confidentiality in business?Mike and Russell discuss company and personal information confidentiality.

Timings

00:15 - Scene 5.1 None of your business

04:55 - Discussion between Mike and Russell

09:20 - Duty of Confidentiality

10:45 - Obligations in a business

12:00 - Openness with competitors

13:05 - Family in business and confidentiality

15:30 - Intellectual Property (IP)

17:12 - Digital Confidentiality

20:03 - Tip #1 - Understand your obligations

20:51 - Tip #2 - Breaking a confidence process

21:23 - Tip #3 - Put security measures in place

21:57 - Tip #4 - Train your people on the rules

22:03 - Tip #5 - Plan for a Breach

23:02 - What's next?

Useful Information

Confidentiality (@06:40)

Confidentiality in the workplace: What you need to know - Article (DirectLineForBusiness)

How employers can protect confidential information - Article (PersonnelToday)

The importance of confidentiality in the workplace - Article (Hiscox)

Defining Professional Confidentiality in practice (@09:20)

Ethical Principles and Code of Professional Conduct - Document (UKCP)

Ethical Framework for the Counselling Professions - Article (BACP)

Accounting Professional standards - Document (AAT)

...

Some business confidential information is leaked from the company. How, who, and what is the impact?

It’s easy to be relaxed about privacy rules in business dealings in this supposedly transparent and open world. Should Jakob and Zelda be worried about Zelda’s dad knowing the inner workings of Sydeline? How important is confidentiality in business?

Mike and Russell discuss privacy rules, company and personal information confidentiality.

Investor Jakob wants to help, and has the money… but what will he get in return? Then there is the financial planning – who are you going to call? And, how much for premises!?

Russell dumps Mike in preference for Dan Orasnjak from our accountants, Lang Bennetts.  Dan provides some financial insights to starting and running a business and points out where Sydeline are not taking the best approach!

Timings

* 00:15 - Scene 4.1 A Matter of Equity

* 05:28 - Scene 4.2 The Devil and the Angel

* 06:52 - Scene 4.3 It's Katherine Kash

* 09:25 - Discussion with Dan Orasnjak

* 09:48 - Lang Bennetts Introductions

* 11:04 - Organisational Structures

* 14:30 - Share allocation

* 16:00 - Equity

* 17:48 - Angel Investors

* 19:25 - Investor exit strategy

* 20:11 - Partnership and Shareholder agreements

* 21:32 - Lessons: Sole Trader tax return planning

* 24:15 - Lessons: Enterprise Investment Scheme traps

* 26:00 - Top tips for Start-ups

* 27:40 - Research and Tax Credits

* 28:32 - What's next?

Useful Information

Organisational Structure (@11:04)

*

Choosing the right business structure - article (gov.uk)

Shares and Equity (@14:30)

*

Setup a private limited company - page (gov.uk)

Investors (@19:25)

*

EIS - Enterprise Investment Scheme - page (gov.uk)

*

SEIS - Seed Enterprise Investment Scheme - page (gov.uk)

*

Angel Investment Network - Site (angelinvestmentnetwork.co.uk)

*

The difference between angel investment and venture capital - article (virginstartup.org)

Top tips for those thinking of starting a business (@26:00)

* Know your market

* Prepare Profit and Loss forecasts

* Understand your cash flow

* Plan for your tax

* See a professional sooner rather than later

* Know where you are going

Episode script

A Matter of Equity

The Devil and the Angel

It's Katherine Kash

A Matter of Equity

CONTINUITY: Zelda and Jakob meet, once again, in her temporary office at the Dog and Bone.  Zelda sits staring intently at the screen of a brand-new laptop.

JAKOB: Morning Zelda, thought I’d find you here… You found any premises yet?

ZELDA: I’ve been negotiating with dad on the vacant industrial unit he has on the Bunkum Industrial Estate

JAKOB: And how has that been going?

ZELDA: Well, he keeps mentioning money and I keep reminding him that I’m his only daughter and I’ve never asked for anything… Like this!

JAKOB: And his response was…

ZELDA: He knocked 20% of the rental price

JAKOB: Well, that’s not bad

ZELDA: To £5000 a month

JAKOB: Holy smoke! What size is this place?

Investor Jakob wants to help, and has the money… but what will he get in return? Then there is the business finance setup planning – who are you going to call? And, how much for premises!

Russell dumps Mike in preference for Dan Orasnjak from our accountants, Lang Bennetts. Dan provides some financial insights to starting and running a business and points out where Sydeline are not taking the best approach!

Having selected and shared her new company name, an overlap with another business forces Zelda to make some changes.  Some of the practicalities of set up a new venture start to emerge.

Russell and Mike outline the initial practical activities that any organisation needs to consider.  In this episode, 10 strategic (yep, the strategy word) tips for those thinking of starting a business.

Timings

* 0:30 - Scene 3.1 - Nero's Burning Question

* 3:45 - Scene 3.2 - Practically Basic

* 7:24 - Discussion

* 7:40 - 'Innovation' misuse

* 8:09 - 10 Strategies for Starting a Business

* 8:38 - 1. Do what you know

* 9:07 - 2. Start whilst you're earning

* 9:30 - 3. Take advice

* 10:00 - 4. Create a Business Plan

* 11:10 - 5. Do research

* 12:05 - 6. Get customers before you launch

* 13:03 - 7. Use other professionals

* 14:10 - 8. Find financial backing

* 15:58 - 9. Get compliant

* 17:02 - 10. Plan for the worst.. and best

* 18:40 - Equipment practicalities

* 19:50 - What's next?

Useful Information

Places for Advice and Guidance (@9:30)

*

Local Enterprise Partnerships - Growth Hubs

Business Planning (@10:00)

*

Write a Business Plan - page (.gov.uk)

*

Business Plan Template - page (Start-up-loans)

Research (@11:10)

Market research can be a vast subject and can potentially consume vast amounts of your time. To start with you should focus on a few simple areas:

* Find evidence that a market exists for the problem you are solving or the product you are selling.

* Find some specific information: How big is this market? Who else is selling same/similar products and how much are they charging?

* Who is your ideal customer? Age? Location? Job? Issues?

*

Market research (Hubspot)

Funding (@14:10)

*

Business Finance Guide - Site (British Business Bank)

*

Finance and Support for you Business - Page (.gov.uk)

*

Business Plan Template - Page (StartUpLoans.co.uk)

Episode script

Nero's Burning Question

Practically Basic

Nero's Burning Question

CONTINUITY: Zelda enters her dad’s office bearing difficult news as a start to the day.

ZELDA: Hi dad, you got a minute

NERO: Always for you, how’s it going?

ZELDA: It’s great. I’ve been chatting to Jakob and we’ve come up with a name for the new business.  It’s Sideline

NERO: Well that’s nice.  Have you got your business plan coming together then

ZELDA: Jakob has decided to try something new with me and we aren’t going to push the whole strategic planning thing.

NERO: Interesting… So you’re winging it?

ZELDA: Innovating on the hoof I like to call it – Jakob is loving the break from th...

Diving into launching the business, by starting in partial competition with her father, Zelda considers some brave steps. However, striking up a business relationship with Jakob means having to make some sacrifices.

Mike and Russell, from Gydeline discuss how to prepare for starting a business and what skills are needed to do it well. The tools and support required are covered along with some ideas on naming an organisation.

Diving into launching the business, by starting in partial competition with her father, Zelda considers some brave steps. However, striking up a business relationship with Jakob means having to make some sacrifices.

Mike and Russell, from Gydeline discuss how to prepare for starting a business and what skills are needed to do it well.  The tools and support required are covered along with some ideas on naming an organisation

Timings

* 0:27 - Scene 2.1 Like a Dog with a Bone

* 5:54 - Discussion

* 6:02 - Naming a company

* 7:42 - Structuring an organisation

* 11:43 - Business Banking

* 12:20 - Social Media

* 14:30 - Business Advice Books

* 17:17 - Other advisory services

* 17:45 - Business Networking Groups

Useful Information

Resources on company naming and structure (@6:02)

* Search the UK Companies House Register

* Business Name Builder (Spotify)

* Multiple keyword domain checker (NameMesh)

* Domain Search (InstantDomainSearch)

* Coming up with a company Name (VistaPrint Blog)

* The Psychology of Colour in Branding article (HelpScout)

* Foreign Word Safety *Not Secure*

* Trademark Register Search

* Choosing the Right Business Structure article (CompaniesHouse)

* Small Business Money Saving Article (MoneySavingExpert)

Social Media Courses (@12:20)

* The Six o'clock Club Events (Eventbrite)

Recommended Books and magazines (@14:30)

* Start with Why by Simon Sinek

* The 7 Habits of Highly Effective People by Stephen R Covey

* The 8th Habit: From Effectiveness to Greatness by Stephen R Covey

* Who Moved My Cheese: An amazing Way to Deal with Change in Your Work and in Your Life by Dr Spencer Johnson

* The Intelligent Investor: The Definitive Book on Value Investing – A Book of Practical Counsel by Benjamin Graham

* The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas Stanley & William Danko

* Zero to One: Notes on Start-Ups, or How to Build the Future by Peter Thiel

* Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T Kiyosaki

* Six Thinking Hats by Edward De Bono

* The E Myth: Why Most Small Businesses Don’t Work and What to Do About It – Michael Gerber

* The Art of Thinking Clearly: Better Thinking,

Diving into launching the business, by starting in partial competition with her father, Zelda considers some brave steps.

However, striking up a business relationship with Jakob means having to make some sacrifices.

Mike and Russell, from Gydeline discuss how to prepare for starting a business and what skills are needed to do it well. The tools and support required are covered along with some ideas on naming an organisation.