Business Angel Investing: Aspects and Opportunities
February Breakfast Matters was opened by Sue Aldridge, who warmly welcomed guest speakers John Rankin, Managing Director, Advantage Business Angels and Anas Hassan, CEO of Jasmine Platform Limited.
Speaking first, John highlighted opportunities for investing in businesses. He explained how the landscape for investing is changing, moving away from the traditional image of successful business people investing money, time and experience for financial gain, and heading towards gaining a ‘psychic income’ by giving something back through mentoring and the excitement of building something new. Thanks to increased awareness of investment opportunities and more tax incentives for enterprise, more people are exploring options for investing, such as single investments, syndicate investing and ‘Join the Crowd’. Explaining that investing isn’t a ‘quick fix’ with a long wait for returns, John outlined recommendations for making sensible investment choices, such as:
- Using an experienced management team who know their market
- Having a clear understanding of problem and solution
- Building a clearly defined business model
- Ensuring intellectual property is protected robustly
- Finding scalable solutions that are not limited by a single individual’s ability
- Having an exit strategy
Jasmine Platform Ltd
As second speaker, Anas Hassan talked about the problems facing Muslims with regards to accessing personal and business finance, due to a lack of diverse financial products that are compliant with Islamic finance principles. Anas explained that using a Jasmine technology IP helps to create an ‘eco-system’ to enable Shariah compliant, ethical investment. Highlighting products that offer fund management and crowd funding solutions, Anas also showed the scalability of investment in this technology, with a predicted launch later in 2018.
Rina Bharath was then invited to the floor to talk to members about sponsoring the Chamber Matters digital newsletter and the many benefits it can offer members to reach a much wider audience across Altrincham and Sale.
There were more winners this month thanks to the business card draw. Simon Edmondson won a meal for two. Peter Collins presented Adrian Mahon with his prize of a LinkedIn Enhancement. Anthony Renicks of Applai Energy was the winner of a 12 months strategy plan.
New members to the chamber were welcomed warmly and presented with a certificate of membership:
- Adrian Mahon from Depledge Stategic Wealth Management
- Simon Edmondson from Edmondsons Professional Service
- Mark Davis from EFM (Altrincham) Ltd
- Scott Lyons from Emporium M33
- John Hunter from Webhunter
To finalise proceedings, Sue announced details for the AGM and informed the group that Sir Graham Brady MP has received the honour of a knighthood. Attendees also took the time to thank Tony for all of his hard work and commitment as he steps down from Chamber his role with the Chamber.