View the article online at http://citywire.co.uk/new-model-adviser/article/a634348
Sharma turns to equity scheme in director hunt
by Rachael Revesz on Nov 14, 2012 at 12:16
Dhan Sharma, director of Beckenham-based Maze Wealth, is working with business consultant Steve Billingham to introduce a deferred equity ownership programme as he seeks to attract up to three directors to his firm.
Sharma(pictured) said: ‘Ideally, it would be four directors, including myself. I can get the numbers in [for interview], no problem. But I’m struggling to find quality individuals.’
Under the planned deferred equity ownership programme, Sharma’s 90% ownership would be shared with other employees of the firm. He said he wanted his firm to become like a law or accountancy firm, with directors offering different specialist services.
‘For example, the management director must like dealing with people, whereas someone with technical skills could maybe become the operations director, understanding the workflow and orchestrating the reporting, and I could be responsible for developing new relationships with solicitors and accountants, and marketing,’ he said.
‘If you look at any kind of business, you need a bit of entrepreneur, management and technical. Without that mix you do not have a business.’
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