Have you made your personal will? Probably; after all, it’s the right thing to do, isn’t it? So why do so few business owners do the same thing for their Company? You want your children to inherit your wealth without undue hassle. But how much thought have you given to who inherits your business; and […]
Talking about communication, or lack of it, I was once the Non Executive Director of a small company and observed a silent row developing between MD and Technical Director – by email… Because the two men were only a few feet and one partition away from each other, and I was fifteen miles away, I […]
Business gurus always say that every business requires a contingency plan that anticipates all life’s little uncertainties. All too often, the listener nods sagely… But if such advice is being properly followed by most, how come so many businesses fall by the wayside when the going gets tough? The answer, sadly, is that many business […]
or is the business managing you? Most business owners believe that they are managing their business well, and many are. But it is all too easy for ‘the boss’ to feel that, so long as he is giving the orders, he knows what is going on and all will be well…Until things start to go […]
Time and again, business owners will say that they don’t want to spend more than they have to when selling their business. Business advisers are seen as a costly, necessary evil, and they will do anything to cut those costs with a ‘spot of DIY’. They should ask themselves: How often do you sell your […]
It is often said that a business’s most important asset is its people. So how come so little attention is paid to building a talented team when considering major strategic changes? When a business owner considers how best to secure long-term growth or to prepare for an exit, the rationale invariably focuses on the Three […]
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. […]
There’s a lot of twaddle talked about the rise and fall of family businesses and family succession planning, like: ‘Family-owned businesses are a small part the UK economy’.Actually they account for almost 95% of businesses in this country. So family succession planning is vital. Family businesses ‘go from shirtsleeves to shirtsleeves in three generations.’(The first […]
