Matthew

It does take balls to do what you’ve done – so hats off to you and to all the entrepreneurs on here. (I believe I am one of you too, for my sins, brothers and sisters!)

It’s kind of more of a compulsion – as you say Matthew, kinda leading from the heart and not always the head. 

I’ve done a number of things that have had great potential and not worked out for one reason or another – and I have to say I’m glad for the experience and I don’t regret a thing. Go with your passion, I say!

One small word of advice that i just read today that certainly chimes with me – from Ricahrd Branson’s book “Business Stripped Bare” – is that entrepreneurs are often seized with the zeal to create and overlook (or aren’t suited to) the rigours of actually managing the idea/start up business.

I’d really second that thought and say that you should try to play to your strengths – and try to delegate your weaker points to the best person you can afford who is good at what they do.

Anyway – good luck to you all!

Incidentally, someone mentioned finance – and if you’re in the Midlands there is a lot of Govt money about. I know a chap if you’d like the details.”

As somebody else has said your accountant (provided you trust them) is probably best placed to give you the advice you need based on intimate knowledge of your business and circumstances.

However, to reiterate another point, if you do decide to go the Partnership route please, please do yourself a favour a get a Partnership Agreement.

You can download templates online if you search Google (although of course they won’t come with expert advice) if cost is an issue.

We’ve seen, time and time again, clients coming to us in great distress when a disagreement has arisen or circumstances have changed in a business and due to there being nothing in writing to govern the outcome the result is a quagmire of bitter (and expensive and draining) recriminations.

Think of it the way you do about car insurance. You ultimately hope it will be a “waste of money” because you hope you never have to claim because you never want to be involved in a crash. However, it there IS an issue then you’re damn glad you have the protection (or truly sorry if you don’t)!”