The entrepreneurial journey is fraught with risks, and the landscape in the UK is no exception. This blog explores risks such as volatility in entrepreneurial activity, the impact of policy changes on sustainability-focused startups, economic uncertainties from global events, and various social and economic factors that affect entrepreneurs.
The entrepreneurial journey is inherently challenging, and the landscape in the UK presents its own unique set of obstacles. Entrepreneurs must navigate a complex environment shaped by economic, regulatory, and social factors. Some of the key challenges facing entrepreneurs in the UK include access to funding, navigating the regulatory environment, building resilience, economic turbulence, cultural attitudes, competition and innovation, policy implementation, workforce dynamics, and sustainability and social impact.
At hgkc, we’ve seen many business leaders struggle to delegate. Whether it’s a reluctance to let go of responsibilities, or failure to bring in professional management to deal with increasing workloads, failure to delegate can stop business growth in its tracks.
The entrepreneurial landscape in the UK is evolving rapidly, presenting multiple opportunities for aspiring business owners. As we move through 2024 and beyond, several key trends and factors are shaping the environment, making it an exciting time to embark on entrepreneurial ventures. This blog explores these opportunities, focusing on the diverse entrepreneurial landscape, increasing activity among non-white ethnic populations and immigrants, the emphasis on Sustainable Development Goals (SDGs), narrowing gender gaps, and a supportive ecosystem that fosters innovation and growth.
Exit planning is crucial for a successful sale and to maximise your returns. Whether you're retiring, pursuing new opportunities, or simply ready to move on, careful planning and exploring the elements that contribute to building the value of your business are essential.
In this exit planning guide, we explore some key considerations to help you navigate towards your exit, and build your confidence to leave your business in somebody else's safe hands.
Exiting a business can be a daunting process, especially if it’s the first or only time you sell your business. Good exit planning can ensure a smooth transition and maximise the value of the sale and manage your tax planning. Adopting a comprehensive due diligence checklist is essential in helping streamline this process and find out where you need to focus your attention to achieve the exit you want. Carrying out a due diligence review is just one of the steps in the exit process and at hgkc we work with you at any point in the exit journey here 5 key areas to get you started as you navigate your way through your business exit.
Exiting a high-revenue business demands a well-thought-out plan and strategic execution. In this comprehensive guide, we'll explore the essential steps involved in crafting the optimal exit strategy for a successful business sale.
We can all agree that in today’s world growth is vital to every successful business, whether it is economic growth, growing a client list, or growing through innovation. Not only does growth help your business survive, it allows you to stand out in the market and thrive against your competitors.
At the 4th of our round table series co-hosted with Emerge Digital, it was notable how the conversation had evolved over the last year. Business owners are starting to ask questions like: what have other businesses done with AI? what sort of ROI have they had? what has been the impact of AI on people, really? and how can I use AI to develop and improve my business. All too often, though, they are still asking where do I start? We still believe that the adoption of AI is not just about the technology. It is about your business, and where there is opportunity to transform performance and disrupt your industry sector. And that means starting with clear business needs and goals, focusing on leadership and culture, and aligning technology implementation with these objectives. People are the key.
As advisors we invest in our own learning so that we address current themes and trends and ensure we support our clients when they are taking steps to adapt and change in their organisations. Bridging the Gap Conference was an opportunity for me to find out more from an academic, expert and practitioner community working in the areas of equality, diversity and inclusion, explore current thinking, challenges and the innovative practices, policies and tools being developed towards creating a fairer society.
On the 19th of September, hgkc and Emerge Digital held their third roundtable on the challenges of AI and Automation for Business Transformation. The event took place at Yeovil’s Northover Manor Hotel, and Peter Quintana (hgkc Director) and Tom Henson (Emerge Digital MD) discussed the growth of AI and some of the opportunities and the barriers businesses face when adopting AI.
On the 8th of August, hgkc hosted an exit planning roundtable at Square Works Bristol. Peter Quintana, hgkc director ran the event with guest experts Joel Dunning from GS Verde Group, a multidisciplinary advisory group – a combination of Law Firm, Accounting and Tax Practice & Corporate Finance, and Chris Symonds, financial advisor, and owner of Coronation Wealth Management, who specialise in retirement, investment, and protection planning for individuals and business owners.
On July 11th, hgkc teamed up with Emerge Digital again for a roundtable on Breaking Barriers: Embracing AI and Automation for Business Transformation. Peter Quintana, hgkc Director, hosted with Tom Henson, MD of Emerge Digital.
On the 13th of June, hgkc ran a breakfast roundtable at Square Works, Bristol, on the pitfalls, traps, and hidden value of IP. The event was chaired by Peter Quintana, Director of hgkc, and facilitated by hgkc Director and innovation expert, Kim Jones, and Keystone Law’s intellectual property and technology specialist, Jessica Bent.
On the 24th of May, hgkc and Emerge Digital held a roundtable at Kingsholm Stadium in Gloucester to discuss the barriers to embracing AI and digital transformation.
On the 11th of April at Square Works in Bristol, hgkc held a roundtable focusing on the importance of market analysis, the process of gathering information about a particular market to understand the industry, competition, customers, and business environment. The event was facilitated by hgkc Associate Joe Constant, who pointed out that when considering market analysis, it was also important to consider AI as not only does it have a huge impact on businesses, but people are relying more on automation and not what was used before.
On the 25th of January, hgkc hosted the first Book Club of 2023. Returning to the Kensington Arms and tea and cakes were enjoyed whilst we looked at The 6 Types of Working Genius by Patrick Lencioni. Not only did everyone read the book but all those who attended completed the Working Genius profile to help them understand not only what their Genius’ are, but their Frustrations, and their Competencies.
On the 29th November, hgkc held their first roundtable in person since the pandemic. Located at Square Works Bristol the discussion focused on the upcoming recession and how the attendees could overcome the challenges they faced due to the crisis in Ukraine, Brexit and COVID-19.
hgkc Director and co-founder Peter Quintana facilitated the event and was joined by guest speakers Paul Netto, founder of visionary accountancy practice Equifino, Sam Talby, insolvency practitioner from Undebt, and Kim Jones, hgkc Director, co-founder, and innovation expert.
hgkc was born from the realisation that together our combined practical experience and knowledge can offer our clients a broader, deeper and richer experience that will deliver better results faster.
