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 […]
At CMC Partners we are very lucky to work with talented owner managers who have grown their business, and 1 topic that comes up early on in the series of meetings is about how can they develop an exit strategy for the business or plan for a succession with getting the true value. They […]
Like many business owners, you have devoted immeasurable amount of work and resources on developing your business. When you are busy with every day operations, it’s difficult to find the time to think about your exit strategy or retirement plan. Developing an achievable exit strategy is an essential task and too few owners give it proper consideration. An […]
At CMC we are absolutely convinced that all business owners should have an exit plan and in so doing, the owner will need to consider all of the options that are open to him. If you want to know why exit plan is essential, please read this earlier blog. This blog looks at the various […]
As well as the problem of over trading and running out of cash, owner manager are looking at their exit options. So I get asked very often ‘ how do I sell my business in the next 6 months?’. The vast majority of owner managers have never exited a business before, and many generalist business […]
When you have been owning and managing your business for several years, you start to believe that all the necessary paperwork you need is at hand and ready to hand over to a potential investor or buyer. Unfortunately we often meet business owners who are trying to sell their companies with inadequate, out of date, […]
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 […]
