Contents 5 A WORD FROM JAMES 72 DON'T BE LAX ABOUT TAX 9 EDITOR'S LETTER 78 FIGURE IT OUT Business guru and guest editor James Caan introduces the issue A warm welcome to our new edition 16 NEWS The latest business news for launch businesses and SMEs 22 READY TO LAUNCH? As a business, you're liable for various taxes - and tax allowances Discover all the latest facts and statistics behind the UK's thriving small business sector 85 FIND YOURSELF A LEGAL EAGLE Make sure there's nothing you've forgotten with our essential checklist There are many reasons why you should get legal advice along every step of your business journey 28 MILLIONAIRE MAN 90 MAKING IT HAPPEN 38 STOP! LOOK AND LISTEN 98 10 THINGS YOU NEED TO KNOW ABOUT FRANCHISES Your Business talks to guest editor James Caan about what still drives him to succeed in everything he does James Caan shares his invaluable advice on the common mistakes every business owner makes 44 WHAT DOES BREXIT MEAN FOR SMES? We investigate how small businesses can prepare for an uncertain future 52 CAPITAL IDEAS Looking for funding? Discover the many different sources that can help your business get off the ground 60 CALL TO ACCOUNT Keep on top of your finances at every stage of growth with the help of an experienced accountant 66 TRACK & YIELD How a freelance bookkeeper could be the perfect fit for your business The journey of the entrepreneurs behind Dublin-based recruitment company 360 Search Thinking of buying into a franchised business? Check out our top tips first 104 FUND YOUR FRANCHISE It's often easier to secure finance for a franchise - discover why 110 FIT FOR WORK With health and wellbeing businesses booming across the country, now is the perfect time to consider joining them 116 A WHEEL OPPORTUNITY From car valeting services to mobile mechanics, there are many different automotive franchise opportunities 120 DRINK, EAT, SLEEP How you can become a part of some of the UK's most well-known hotel and restaurant success stories 11