Advising start-up businesses might not seem to be top of many advisers' to-do lists as many aspiring entrepreneurs are low on cash and may feel they are unable to pay advisory fees. However, they are a group deserving of a closer look.
Speaking to Addidi's Anna Sofat this month, she reasons that while many entrepreneurs don't have money in the beginning, it is a relationship that can become remunerative over time. She also says that advisers have much to offer entrepreneurs in terms of helping them to build robust business models. For instance, ensuring enough money is being kept within the business versus drawn down as a wage or making sure the appropriate insurances are in place. In a recent round table event Retirement Planner held on the subject, it became clear that the self-employed do not realise the benefits...
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