News
  • Business Start Up - Advice & Planning
  • Fundraising & Investment
  • Business Restructuring
  • Expansion, Sales, & Marketing
  • Project Management
  • Compliance & Regulatory Issues
  • Adversity Assistance & Negotiation
  • Non Executive Directors
  • Sales - Mergers - Acquisitions


"Everyone has inside of him a piece of good news. The good news is that you don't know how great you can be, how much you can love, what you can accomplish, and what your potential is."


 - Anne Frank



NEWS

The Dream Factory Appoint Regional Director


The Dream Factory have made an appointment to their senior management team to further strenghten their presence in the midlands region.  John Mitchell joins the company as Regional Director and will bring a wealth of business expertise to the clients of The Dream Factory.

 

John has extensive experience of running companies in the UK and abroad including heading operations in Singapore within the marine industry.

 

The appointment of John will see him assist the growing client base of The Dream Factory to turn their business dreams into reality.  John will be based in his home town of Ashby-De-La- Zouch in Leicestershire and operate throughout the midlands.

 

John can be contacted via email: johnmitchell@thedreamfactory.consulting

The Dream Factory Heads North!


The Dream Factory has opened a northern branch office in Sheffield close to junction 30 of the M1 motorway to help service the growing client base in the north of England.


Although the company is best known in London and the south of the country it has developed a significant presence in the north and midlands in recent times.


The new facility will provide a base for administration staff and consultants together with client meeting rooms.


The company provides business advice and expertise to small to medium sized enterprises including business sales, mergers, and acquisition assistance.


The new office is at Westthorpe Business Innovation Centre, Sheffield S21 1TZ.  Telephone 0114 218 0631.


The consultants working from the Sheffield office can provide assistance in areas such as:



  • Business Start Up - Advice & Planning


  • Fundraising & Investment


  • Business Restructuring


  • Expansion, Sales, & Marketing


  • Project Management


  • Compliance & Regulatory Issues


  • Adversity Assistance & Negotiation


  • Non Executive Directors


  • Sales - Mergers - Acquisitions

How small businesses can control their finances


Anxious times: many business owners have become unwell.


Managing your finances is a necessary evil but for many small business owners, dealing with banks and monitoring cashflow has become so arduous that it is making them ill.


According to new research from Nesta, the innovation charity, 40pc of British entrepreneurs have admitted that managing their finances and banking has become the most stressful part of running their business.


Balancing the books now takes up so much time that many business owners are forced to give up their evenings and weekends; entrepreneurs are spending an average of five hours a week of their personal time managing financial matters. One in five spends more than eight hours a week on the task.


This stress is taking its toll, with one in six (17pc) saying it has made them unwell. “For many small businesses financial admin is unnecessarily burdensome,” said Chris Gorst of Nesta. “There are thousands of products and services available to small businesses but no easy way for them to match these to their needs and circumstances efficiently.”


The research found that while one in five small business owners started out on their own to reduce stress, most have ended up shouldering sole responsibility for managing their company finances, creating a new kind of professional anxiety.


A separate survey warns that the time spent on financial admin could stifle the growth of many small firms. Only one in five business leaders spends enough time working on their business, according to Smith & Williamson, the accountancy, investment management and tax group.


“Individuals looking to scale their business should aim to devote a minimum of a day a week to actually working on their business strategy and actively managing their business,” said John Morris of Smith & Williamson. “If we want our smaller businesses to scale up, more needs to be done to help.”

Nesta’s researchers said that business owners were particularly stressed by the lack of transparency in business banking and financial products, making it hard to find the best deal or compare options.


Balancing the books now takes up so much time that many business owners are forced to give up their evenings and weekends

Nesta has launched a £5m Open Up Challenge prize fund in an attempt to encourage fintech pioneers to create new technologies that will help small businesses manage their finances and banking. The competition is to be run by Nesta, with backing from the Competition and Markets Authority and funding from eight UK banks.


The scheme has been welcomed by the UK’s leading trade organisations. “Accessing the right banking products and managing finances is often seen as a complicated task for small business owners and one that takes up a disproportionate amount of their time,” said Mike Cherry, national chairman of the Federation of Small Businesses.


“The Open Up Challenge has the potential to change all that. If we can genuinely support small businesses, both in terms of saving them time and providing them with access to the right financial products and services, then we have the opportunity to bring something game-changing to the economy.”

Investors want more than cash - it's all about chemistry




Start-up ventures will always be in need of capital investment but, increasingly, new businesses are considering more nuanced factors when looking for partners and backers.


What does every start-up business want from the ideal investor? The answer may seem painfully obvious: surely it's just cash and lots of it.

But new research has discovered that founders of new businesses often crave something far more valuable from their backers – personal chemistry.

A report from UK Innovation Hub, a new start-up programme backed by German outfit Innogy and Tech City UK, the government-backed organisation that aims to help create tomorrow’s technology entrepreneurs, has revealed that start-ups want personal chemistry and trust above all other considerations when weighing up potential investors.


The findings give weight to the adage that people only do business with those they know, like, and trust.

When it comes to external investors, the research found that start-up bosses are obsessed with three key areas. These are: personal chemistry, a strong track record and access to a great network. There was a consensus from founders that the ideal investor will be someone they like and who is in tune with their product and vision.


Start-ups want personal chemistry and trust above all other considerations when weighing up potential investors

Starting a business is never straightforward and there tend to be highs and lows in the early days. Founders want investors at their side who will roll with the punches and offer words of wisdom, not reproach, if there is a bump in the road.  

Indeed, the research found that founders are keen to find investors who will act as a mentor or coach when the need arises but who will otherwise be “low maintenance”.


As well as highlighting the priorities for start-up founders, this poll looked at the least important factors. Accelerators and incubators promising free office space and HR support are missing a trick, it emerges, as these are ranked amongst the least useful services.

“With a huge array of different start-up programmes and investment options available, we wanted to get to the heart of what really matters to founders when considering funding,” said Innogy’s Thomas Birr.


“Finding someone they liked or trusted with an understanding of their product and vision, was incredibly important. Access to further funding and a great track record were also key considerations, while the add-ons many programmes provide – such as free office space and pitch training – were a low priority.”


The research, which gathered views from 164 British start-ups, also looked into the changing funding landscape. A decade ago, bank loans were one of the most populr ways to fund a new business. Today, just over one in 10 entrepreneurs would choose this route, compared to 66pc who would consider angel investment, and 55pc who would look to venture capital.


Matt Lerner, venture partner at 500 Startups, which helped to compile the research, said: “These founders are dead-on. Taking money from a venture-capitalist is like a 10-year marriage. It really has to come down to trust and chemistry. That’s why it’s great to reference-check your VCs before you take their money. My old room mate used to say, ‘I only trust God and my mum. And with my mum, I cut the cards.

LONDON & SOUTH OFFICE

020 3000 7889

The Dream Factory

Kemp House

160 City Road

London EC1V 2NX

NORTHERN REGIONAL OFFICE

0114 218 0631

The Dream Factory

Westthorpe Business Innovation Centre

Westthorpe Fields Road

Sheffield S21 1TZ


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