5 Strategies for High-Growth Entrepreneurs

5 Strategies for High-Growth Entrepreneurs
Photo by Shannon Rowies / Unsplash

Here are 5 creative but known strategies for owners of high-growth companies. If you're running a fast growth company, you may have overlooked some of these essentials to know about:

1) Shareholder protection

Implement shareholder agreements and key man insurance to protect your business and your shareholders in the event of unexpected events such as death or critical illness of a key shareholder or director.

2) Corporate tax relief

Get advice on tax-efficient ways to structure your company, such as taking advantage of research and development (R&D) tax credits or enterprise investment scheme (EIS) tax relief for investors.

3) Pensions

Understand how you and your directors can structure your pensions effectively, taking into account your personal and business goals, and making use of tax-efficient pension vehicles such as self-invested personal pensions (SIPPs) or small self-administered schemes (SSASs).

4) Succession planning

Get professional advice on how to plan for the future and ensure a smooth transition of your business to the next generation or new owners. This can involve creating a family trust, setting up an employee share ownership plan (ESOP), or developing a management buyout (MBO) plan.

5) Business growth

Do you need to know more about your financing options for growth, such as venture capital funding, crowdfunding, or angel investing?

An experienced adviser can provide guidance on how to manage your cash flow and control costs to achieve sustainable growth.

These are just a few of the basic strategies you can use to help your achieve your goals and protect the assets you've worked hard for.

A savvy adviser knows the importance of working closely with you to understand your unique position so they can develop bespoke solutions that meet your specific requirements. This is key.

I totally understand that it's easy to get caught up in the day-to-day challenges of running a startup, so it's important to take a step back and think about the big picture. By implementing the strategies above, you can help ensure the long-term success of your business. Learn about this, ask the right questions, and work with the right people that can make it happen for you.  

I hope this information has been helpful to you. I'll be sharing more insights and inspiration with you along this journey.