The words behind every European business decision.

How many months your cash lasts at the current spend rate. Founders track it monthly. When runway dips below six months, it is time to raise or cut costs.

The speed at which a company spends its cash each month. Gross burn is total spend. Net burn nets out revenue. Lower burn buys more time to grow.

A simple record of who owns what in your company. It lists founders, staff and investors with their share counts. Keep it clean before any raise.

A short, mostly non-binding offer from an investor. It sets out price, control and key rights. Read every clause. The detail shapes your next decade.

Earnings before interest, tax, depreciation and amortisation. It strips out non-cash and financing noise. Buyers use it to compare how a business really trades.

Two UK schemes that give investors tax relief for backing young firms. They make early cheques far less risky. Many British angels expect them by default.

The deep check a buyer or investor runs before a deal closes. They test your numbers, contracts and claims. Tidy records here can lift your final price.

Growing a business from revenue and savings, not outside money. You keep full control and all the upside. The trade-off is slower, leaner growth.

Revenue left after the direct cost of what you sell. It shows how much each sale truly funds the rest. Healthy margins are the engine of any scale-up.