Wealth Management for Entrepreneurs | Founder | Storyteller | Truth Seeker | šŸ“ā€ā˜ ļøPodcast šŸŽ§ bulletproofentrepreneur.co.u…

Joined March 2009
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I share my thoughts about business building, entrepreneurship and wealth planning in my free newsletter. You can subscribe here ā¬‡ļø alan-smith-bulletproofentrep…
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Let’s go! šŸ“ó §ó ¢ó ³ó £ó “ó æāš½ļøšŸ‡­šŸ‡¹ #ScoHai
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Driverless taxis available in London very soon. Will you use the service? Register here p.uber.com/uber-wayve
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World’s first trillionaire šŸš€
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World Cup starts today. Whereā€s all the flags šŸ“ó §ó ¢ó „ó ®ó §ó æ that usually fly from vans and London taxis? Haven’t seen any.
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Why doesn’t the government see the 6 million small businesses in the UK as our greatest asset? They should be supporting and encouraging them - not squeezing the life out of them.
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Paying Inheritance Tax: ā€œThe main IHT400 form that needs to be completed contains 122 questions - and can require a range of supplementary schedules depending on the nature of the estate. More than 30 additional schedules are available, covering areas such as gifts, pensions, business assets and trusts. Interest and late payment fines apply after 6 months.ā€ There’s very little compassion for bereaved families trying to settle Inheritance Tax liabilities.
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I often wonder how he’s getting on.
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Another FTSE company gone - acquired by a US rival.
It’s sad to watch the slow structural decline of the UK as a global business hub - as yet another FTSE company looks certain to be acquired by a US firm.
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The single most important skill for a founder or entrepreneur? The art and science of Storytelling. Recent podcast guest @jamesashford sold his business for a significant eight figure sum. And he put down a lot of his success to his ability to tell great stories - In his content, collateral, presentations - and when selling the company. It’s a vital skill and there’s a framework to create compelling stories and narratives. I break it all down with examples and templates - in my weekly Bulletproof Entrepreneur newsletter. Out tomorrow - link below.
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ā€œNo new taxes on working peopleā€.
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It’s enough to drive you to drink. But you can’t afford it.
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Inheritance Tax in the UK has become ridiculously complex. Consider a married couple. They might have: • A family home worth Ā£1.2m • Ā£800,000 of investments • Ā£1m in pensions • Two children Simple enough. Now try calculating their inheritance tax bill. First, there's a Ā£325,000 Nil Rate Band. Then a Ā£175,000 Residence Nil Rate Band. Unless the property isn't left to direct descendants. Or unless they downsize. Or unless the estate exceeds Ā£2m. At which point the Residence Nil Rate Band starts disappearing. At a rate of Ā£1 lost for every Ā£2 above the threshold. But not the Nil Rate Band. Just the Residence Nil Rate Band. Then add gifts. Some are immediately exempt. Some are exempt after seven years. Some become partially exempt after three years. Some use annual allowances. Some don't. Some fall under normal expenditure from income. Some don't. Then add pensions. Historically outside the estate. Now inside the estate from April 2027. Then add Business Relief. Agricultural Relief. Trusts. Life assurance. Spousal exemptions. Deeds of variation. And don't forget that one small change can create a completely different outcome. Meanwhile most families think: "We've got a Ā£1m allowance. We'll be fine." Inheritance tax isn't just a tax. It's a strategy game designed by civil servants, lawyers, accountants and politicians over decades. The rules are so complex that intelligent, successful people routinely get them wrong. Have you ever looked at the inheritance tax rules and thought: "How on earth is a normal person supposed to understand this?" Needs a complete rethink.
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If you’re crazy enough to give up a steady 9-5 job to start your own business - statistically, there’s a 90% chance you’ll fail and lose everything. James Ashford had two decades losing money, friends, relationships - before he eventually made it. He’s a 20 year ā€œovernight successā€ - and now wants to inspire others on their own journey. We should congratulate and support the risk takers, business builders and creators. The UK needs more of them, not less. Inspiring conversation - out now on the Bulletproof Entrepreneur podcast.
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No trains to or from our main international airport. Should be fixed soon… Until they stop again next week due to strike action. šŸ¤¦šŸ»ā€ā™‚ļø
Heathrow airport cut off by rail. Elizabeth line & Heathrow Express currently closed: "Flooding caused by a burst water main near Heathrow Airport closing all lines running to/from Heathrow Terminals" No Tube option available on Piccadilly line trains due to planned engineering.
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Alan Smith retweeted
Agentic commerce is here. Next generation payments powered by Bitcoin Lightning. āš”ļø The user asks an agent to find breakfast for them on their way to work, the agent sources options, decides the most optimal outcome based on location, travel and previously applied user preferences then executes the transaction. Your order is waiting at the counter for you when you arrive and has already been paid for in Bitcoin. āš”ļø #Payments #Bitcoin #AI #agenticai
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James Ashford is truly one of the nicest entrepreneurs I’ve ever met. Upbeat, friendly, positive – but with a steely resilience simmering beneath the surface. And, boy, has he needed that resilience! - Multiple failed businesses - Split up from his wife (temporarily) - Having to ask a friend to pay for the liquidation process of a bankrupt venture. All before his big breakthrough, GoProposal which he sold to FTSE firm, Sage for an eight figure sum. Truly one of the best conversations I’ve ever had on the Bulletproof Entrepreneur Podcast - so many insights, experiences and wisdom shared. If you’re a business owner or aspiring entrepreneur subscribe, download, bookmark for later. You don’t want to miss this one. Out now.
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