Are you thinking of leaving your business within the next few years? Do you have an exit plan in place to ensure a smooth transition and rewarding outcome? This blog highlights some key pointers to help guide you through the process.
Small business owners are looking to ease out of lock down and start to broadcast to the world that they are still in business. Many believe that they can communicate with their immediate contacts and their wider world solely using social media and emails. Having been out of the office and working from home, some […]
It’s not just about a multiple of your earnings (EBITDA)……. Many business owners just focus on the ‘numbers’ in terms of Turnover and a multiple of Earnings (3 to 6+ times) when trying to get an indicative value for their business. However, there is so much more that should be taken into account when valuing […]
When a small business goes through a period of rapid growth, it can be feel like it is out of control and unless handled well can lead to serious problems. It can deter you from taking your business to the next level. The five cornerstones to manage when growing your business are: Money Financing the […]
Growing your business? When talking to owners of established small and medium sized businesses, I have found one issue to be remarkably common: Owner-managers having to focus on the day to day running of the business to such an extent that thinking about managing and growing your business is neglected. Why is this problem so prevalent? The recent economic […]
Thinking about employing people? One of the most difficult steps in starting up and growing a small business is the taking-on of employees. Just thinking about who to take on and recruit can seem very daunting, after all they are going to be working with you for the ‘duration’, you will want to trust them, […]
Ten ways to ensure your family business does not implode from family matters There are plenty of advantages to family businesses. They tend to be financially conservative by nature, and focus on slow and steady growth; they are capable of reacting quickly and making prompt decisions as well as having the advantage of a long […]