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End of Academic Year 207/2018

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SBC team is pleased to inform that following seminars a series of one-to-one appointment have successfully completed on 7 March 2018, marking another successful year of the Small Business Clinic!

Throughout the academic year of 2017/2018, we have:

  • Coordinated with Young Start-up Talent (YST) to provide the workshop in Highfield campus
  • Promoted SBC’s activities to fit the entrepreneurial eco-system of the University
  • Delivered 2 seminars in Highfield campus and served over 170 clients
  • Hosted 5 clinics and provided professional advice on business and taxation to 39 clients

We would like to take this opportunity to thank all the staff and student volunteers of the SBC for making 2017/18 a success, especially consultant Renold Tang for his exceptional dedication to the clinic and the clients. We would also like to thank all our clients, and wish them all the success in their future endeavours!

We are going to continuously improve our services to provide more seminars and clinics with better quality and help more entrepreneurs to realize their business ideas in the next academic year!

We have no scheduled clinic dates for the rest of the 2017/18AY. We will resume our clinic service in the next academic year (2018/19), in November 2018. Please check this website for updates. You can register interest with us by e-mailing us at smallbusinessclinic@soton.ac.uk; we will contact you once new dates for next academic year are available.

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Z21 Innovation Fund | Call for Applications for MVP Funding

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The Z21 Innovation Fund is a collaboration between the Web Science Institute (WSI) at the University of Southampton and the Solent Local Enterprise Partnership (LEP).  The mission of the Fund is to accelerate University of Southampton Web startups towards investment and rapid growth and create high-tech jobs in the Solent region.
 
The Z21 Innovation Fund is seeking applications from potential ventures to create a Minimum Viable Product (MVP), achieve product market fit, and gain traction with users.  Applicants can apply for funding up to £6,300 for a 3-month MVP Project.  At the end of this period, MVP Projects will present to the Z21 Grant and Investment Panel and will have the opportunity to apply for Pre-Seed funding up to £31,500.  The award of an MVP grant does not guarantee progression to the Pre-Seed stage: progression is determined by the Grant and Investment Panel, based on the success of the MVP stage.
 
All successful projects will receive support from Future Worlds, a University of Southampton on-campus startup incubator which has a valuable external network of mentors, investors and experts.  Future Worlds will offer acceleration, helping projects with value proposition, market product fit, and making introductions to mentors.  This support will continue through the Pre-Seed stage with help to script, film and edit a professional pitch video.  At the end of the 6-month Pre-Seed Funding stage, projects will be invited to a Demo Day to pitch to investors.
 
To apply for MVP funding, please download and read the Technical Guidance for Applicants and complete theApplication Form and return to Susan Davies at z21@soton.ac.ukThe closing date for applications is 5pm on Friday 18 May 2018. There will be a further Call in July 2018 for projects to start in October 2018.
 
We are only able to accept applications from students or staff studying or working at the University of Southampton.
 
Successful applicants will be invited to attend an interview with the Z21 Grant and Investment Panel onWednesday 13 June 2018. Funded MVP Projects will run from 1 July – 30 September 2018.
 
If you have any questions about the application, the stages of the Z21 Innovation Fund, the eligibility criteria, and the operating processes, please contact Ben Clark at z21@soton.ac.uk
 
For more information about Z21, please visit the WSI website

Feedback on clinics (2017/18)

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On 7 March 2018, SBC’s consultant, Renold Tang, delivered successfully the last clinic of a series of 5 clinics in this academic year, aiming at providing more detailed advises tailored to meet the specific need of clients.
The clinics have provided the audience with a wide range of knowledge needed to start a business. They were awarded high marks from the clients on many aspects with many positive comments and suggestions.

Comments

  • A lot of knowledge about a range of business opportunities.
  • Individual approach and expertise
  • Honesty and bluntness/ Straightforward advice/ Professional advises
  • Business management and strategy archives have been the key topics of my talk; I have many interesting inputs.
  • Critique given was very helpful. Link to company shared. Advice on next steps appreciated.

Suggestions

  • I have waited for a quite long time to have an appointment. Hence, running more sections might be helpful
  • I think a potential incubator scheme might help.
  • I think the clinic is quite efficient and complete, may be just allowing a bit more time for the talk would be a plus.
  • There should be some more in-depth advice (going into more details)
Please click here to see the full post-clinic assessment report.
We are going to continuously improve our services to provide more seminars and clinics with better quality and help more entrepreneurs to realize their business ideas in the next academic year!

Feedback on Seminar 2 (29 Nov 2017)

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On 29 Nov 2017, SBC’s consultant, Renold Tang, delivered successfully seminar 2, entitled “Fundamentals of business taxes and personal taxes in the UK”.  Renold discussed a range of critical tax issues for business owners, including “Income tax for individuals”, “Corporation tax”, “Capital gains tax”, “VAT (value-added-tax)”, “Duties IHT (Inheritance Tax)” and “NIC (National insurance contribution)”.
The seminar 2 has provided the audience with some basic yet powerful knowledge needed to start a business. It was awarded high marks from the clients on many aspects with many positive comments and suggestions.
Comments
  • Good overview of the vital basics and the question session is helpful”.
  • “Different types of corporation tax, tax structure of LLP and Ltd co, tax-free nature of investment income and CGT information and IHT and VAT. Interesting and useful.”
  • “Giving real-world examples to explain the points clearly”
  • “The breadth and clarity of investment starting from absolute basics”
Suggestions
  • “A practical training workshop after the seminar would be useful”
  • “More information on funding bodies, more details on legal obligations and differences between company forms (limited-unlimited), taxation differences, cost of setting up a business (minimum running costs, e.g accountant, lawyer etc), yearly fees for government etc.”
  • “International taxation and more about double taxation”
  • “Internet and online business and how taxes relate to them”
Please click here to see the full post-seminar assessment report.
Following Seminar 1 and 2, which cover general tips/advises to start a business, SBC is going to organize many one-to-one appointments. If you are interested in attending these sections to get more deeply professional advice from SBC’s consultant, please email to smallbusinessclinic@soton.ac.uk.

Feedback on Seminar 1 (22 Nov 2017)

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On 22 Nov 2017, SBC’s seminar 1 was successfully delivered by Clinic Consultant Renold Tang and Southampton alumnus Mauro. The lecture covered many topics that provide the students and staffs with insights on how to start a business. These topics include “Self-discipline”, “Sacrifice”, “24/7”, “Types of business ventures”, “Sources of funding and how to approach those sources”, “Business vehicles and differences between those vehicles”, “Do you need an accountant?”, “Business registration”, “Partnership and shareholders agreement”, “Customer contracts”, “Supplier contracts” and “Employment contracts”, among others.
The feedback from the audience was largely positive with comments and suggestions such as:
Comments
  • “A real-life success example and the insightful information.”
  • “Targeted to the audience and very interactive”
  • “Interesting, useful information delivered in a direct and honest way”
  • “Answering specific questions/ clearly answered questions”
  • “Talking and interacting + answering questions that people actually want to know about.”
Suggestions
  • “More interactive, split up the class into groups and create discussions.”
  • “Visual resources” and Bigger Lecture theatre”
  • “More guest speakers, maybe from a famous brand to talk about their experience”.
  • “More information on funding and personnel preparation”
  • How to protect yourself from legal things and self-employment
Please click here for full post-seminar assessment report.
Following Seminar 1 and 2, which cover general tips/advises to start a business, many one-to-one appointments are going to be scheduled by SBC. If you are interested in attending these sections to get more professional advises from SBC’s consultant, please email to smallbusinessclinic@soton.ac.uk.

Small Business Seminar and Clinic Dates 2017/18

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Welcome to Small Business Clinic (SBC) !

We are pleased to inform you that in the 2017/2018 academic year seminars and clinics of the Small Business Clinic (SBC) at the University of Southampton are going to be held on the following days in Highfield campus.

Seminars

  • 22nd Nov 2017           12:00 – 14:00   at 02A / 2077 (L/T J)
  • 29th Nov 2017            13:00 – 16:00   at 02A / 2077 (L/T J)

Clinics

  • 10thJan,  2018               12:00 –18.00
  • 24thJan,  2018               12:00 –18.00
  • 7thFeb, 2018                  12:00 –18.00
  • 21stFeb, 2018                12:00 –18.00
  • 7thMarch, 2018            12:00 –18.00

To book a 1-on-1 appointment with our consultant at the clinics, please e-mail us at smallbusinessclinic [at] soton.ac.uk.

*All dates are subjected to demand and may change. Clinics are for students and staffs of the University of Southampton only.

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The Small Business Clinic (SBC) at the University of Southampton, is organised and run by staffs and students at the Business & Law School. It is actively supported by a chartered accountant (who is also an experienced entrepreneur) with a very rich national and international experience offers FREE initial advice on a range of issues which includes all aspects of general, legal and tax compliance matters relating to running a business in the UK.

SBC aims to stimulate entrepreneurial spirit mind-set among the University population and offers assistance to staffs and students across all departments of the University of Southampton. In particular it aims at supporting individuals who have just started a business, or have a business idea and are planning on starting a new business.

By participating in SBC clinics and seminars, clients can receive a wide range of professional advices including, but not limited to, creation of start-ups, budgetary controls, design and implementation of management systems, HR and staff planning, acquisitions and divestment, tax planning, statutory audits and corporate legal aspects, among others.  Our consultants provide real-life practice advice to help clients manage their business plans successfully. Any information shared with the members of the team remain strictly confidential.

Small Business Clinic Team
Faculty of Business & Law
E-mail: smallbusinessclinic@soton.ac.uk
Website: https://sotonsmallbusinessclinic.wordpress.com/
Facebook: https://www.facebook.com/sbcsoton

Feedback 29th March 2017 (Highfield Clinic)

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Our 29th March 2017 clinic in Highfield was a success once again. We won the great feedback from our clients with an overall rating of 98.6%. In particular, the high ratings of all individual aspects are as follows: “information about the service (97.1%)”, “quality of service (100%)”, “quality of advice (100%)”, “clarity of advice (97.1%)”, “privacy (97.1%)”, and “treatment by staff (100%)”.

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Some of the comments from our clients are:

Very honest service. Much appreciate for it.

Greatly open my mind and help me be focused on my key business idea.

Great clinic that covers a lot of practical points in detail and helps guide me in the right direction.