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Tag: Entrepreneur

Here are the biggest reasons every entrepreneur should have a financial plan

Here are the biggest reasons every entrepreneur should have a financial plan

Finance
I understand the attraction and challenges of entrepreneurship. I am also acutely aware of how financial planning for entrepreneurs is different. In college I went to Mexico to study Spanish and paid for most of the cost by buying American candy in bulk and selling it to other students. In my working career I've spent more time working for myself than working in a corporation.Financial planning for entrepreneurs can be more difficult. But being an entrepreneur has many payoffs. Retiring years before "normal" retirement age, starting another business or only working on things that are really interesting to them personally are all things clients who have entrepreneurial goals can achieve. But you need a financial plan to attain those payoffs.Planning in the early stage of an entrepreneurial ...
Entrepreneur Johnson to make dough from Bread

Entrepreneur Johnson to make dough from Bread

Business
Luke Johnson, the entrepreneur behind a string of the UK's most successful restaurant brands, is preparing for another payday with a prospective sale of Gail's, the chain of bakeries.Sky News has learnt that the board of Bread Holdings, which comprises Gail's and Bread Factory, a wholesale business, has appointed KPMG to advise on options for the company.A sale of the group is not thought to be imminent, but sources in the private equity industry expect an auction to get underway next year.Some industry-watchers say that Bread Holdings could command a price tag as high as £200m.A lucrative exit would be the latest in a long line of paydays for Mr Johnson from hospitality businesses.He made a fortune from the expansion of Pizza Express, and has owned casual dining chains such as Strada and