As an owner manager you have built up a good business and have been assuming that your children (when old enough) will eventually take over and continue to grow the business. But the penny will drop that your children will not be doing this for a variety of reasons, including some great reasons such as […]
Like many business owners, you have devoted immeasurable amount of work and resources on developing your business. When your busy with every day operations, it’s difficult to find the time to think about your retirement plan and when to exit your company. Developing an achievable exit strategy is an essential task and too few owners give it proper […]
Sounds odd, doesn’t it? But it’s amazing that business owners sometimes do not know what profit is. And how crucial is that in attaining your Business Plan objectives? Much has been written on the subject, but they tend to plunge into technical accounting terms all too quickly. We hope to clarify more within this blog. […]
If you’re like the most business owners, your business plays a major part in your retirement plans – even Warren Buffet & Bill Gates agree to this! Unlike these 2 gentlemen you may not have had the opportunity to fund your retirement beside from your home and your business. OK your plan might be that […]
As the UK economic recovery appears to have taken hold in 2015 & 2016, as well as the problem of overtrading and running out of cash, owner manager are looking at their exit options. The vast majority of owner managers have never exited a business before, and many generalist business brokers exploit this with promises […]
Much has been written about business and exit planning – but business selling is like selling a house. You don’t have much experience and can go horribly wrong as a result. You improve your prospects when you ‘know the ropes’ and are being well-advised. ‘Maynard’s three immutable laws of Business Selling’ You won’t find them […]
The decision to sell your business has been made – this may or may not have involved a period of investigation, discussion and soul searching and it may or may not have involved families, business partners or trusted professional advisors. One thing is certain however, in order to ensure a successful exit from your business, […]
In the last blog I briefly looked at MBO’s – now let’s look at an exit planning strategies, eg Management Buy-in’s (MBI) for you as an owner manager to get the financial results you deserve after spending many years of hard work into making a success of your business. Management Buy-Ins (MBI) are similar to […]
