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 […]
Are you a small business owner looking to grow your business in the next 3 years? If so, you’re not alone! According to recent research by the Department of Business Innovation & Skill, 75% of owners have an ambition of growing their business during this period, however understanding how best to scale up your operations […]
The first thing to say is that for most small businesses, business growth is a very realistic option. My logic for this bold statement is based on observation and common sense. Firstly, most small businesses only have a tiny share of the market they serve – howsoever they choose to define their market. Secondly, and […]
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. […]
Building a business takes hard work and skill, so what makes your business more attractive to a buyer than another, ie ‘fit for sale’? Typically a business that is fit for sale will be a company with less risk associated with its future potential, remember buyers may be looking at several potential acquisitions simultaneously. The […]
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 […]
Why do you need to consider exit strategies – well as an owner manager it is very likely that you have spent many years of hard work into making a success of your business. Experience has taught many owner managers in the same position that this hard work can quickly count for little or nothing […]
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 […]
