2nd Session Of E&E - Business Strategy Day:

2nd Session of E&E 10th May 2011
Business Strategy Day
Guest lecturer Peter Le Voyer (former investment banker & serial entrepreneur)

Sources of Money:

There are various possible sources
• Self
• Self funding project
• Bank (Loan/overdraft/H.P.- Hire Purchase /Leasing)
• Friends/Family
• Angels (business investors)
• Institution

Structure of Business:

Can be self-employed, partnership or company (if you form a limited company, your liability is limited if the company goes bankrupt)
Capital Structure

Business Plan:
This should cover:
• Product or service
• Target market
• Financial aspects projected costs and income
• How the business will operate
• Management of the business

Management structure:
Important to clarify the respective roles of each member and ensure that abilities are complementary.

Time-span:
Is this a long or short-term business?

Should have shared values
Ideal is to have high margin and cash generative business
Invest profits
Still need to fund income start up period: it should be as self-funding as possible so avoid releasing too much equity for this