As season one draws to a close, a slow realisation is dawning on the Sydeline team that running a business may not be a simple as they first thought!
Then there’s the small matter of having proper meetings, even a board and, oh yes, who is taking the risk on all this?
The mailshot has produced some unexpected interest that takes a toll on Sydeline.
Keeping track of everything that you need to do in your business is difficult. But there are some basics, like getting consent from people to use their data.
Mike and Russell introduce the acronym RESPECT and discuss the basics of becoming and remaining compliant to data protection and the vast array of other business regulations.
Getting into and setting up premises is proving… expensive and difficult. Some bad decisions has Jakob bailing out Zelda again.
With Zelda setting up new factory, warehouse and office facilities, it’s an opportunity for us to discuss the basics of setting up and running premises. Joining Russell for this episode is an experienced facilities manager, Dave Moore, who will provide an insight into some of the pitfalls Zelda is falling into and how to make premises work well.
Some business confidential information is leaked from the company. How, who, and what is the impact?
It’s easy to be relaxed about privacy rules in business dealings in this supposedly transparent and open world. Should Jakob and Zelda be worried about Zelda’s dad knowing the inner workings of Sydeline? How important is confidentiality in business?
Mike and Russell discuss privacy rules, company and personal information confidentiality.
Investor Jakob wants to help, and has the money… but what will he get in return? Then there is the business finance setup planning – who are you going to call? And, how much for premises!
Russell dumps Mike in preference for Dan Orasnjak from our accountants, Lang Bennetts. Dan provides some financial insights to starting and running a business and points out where Sydeline are not taking the best approach!
Diving into launching the business, by starting in partial competition with her father, Zelda considers some brave steps. However, striking up a business relationship with Jakob means having to make some sacrifices.
Mike and Russell, from Gydeline discuss how to prepare for starting a business and what skills are needed to do it well. The tools and support required are covered along with some ideas on naming an organisation.
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