It’s natural to become attached to a business, especially if you have built it from the ground up and even if it is not doing well. Experts advise, however, that business owners should have an exit strategy in place as early as possible. Here are a few reasons that it might be time to start […]
Over the next 10 years, the landscape of business ownership in this country (and across the globe) will begin to change dramatically. The unstoppable change has already begun as millions of baby boomer business owners begin to contend with retirement and the importance of exit planning. By definition ‘baby boomers’ are people born during the […]
When you begin to think about selling your business, it can seem like a daunting undertaking. This is not only because it means parting with something you’ve built from the ground up, but also because of the complicated process involved. However, if you follow this advice, it may take time, but it doesn’t have to […]
As a business owner 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 […]
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 […]
At CMC we have over 27 years of experience of helping business owners both build and then sell their businesses. So we understand what owners have to do to maximise their businesses value. I think there are some basic questions that every business owner should ask if you are selling your business. 5 key questions to ask when […]
Valuing your business can be done at a very simple level following the principles below. Ultimately the price will be what a buyer wants to pay, but this often follows a set formula:- Business value = profit times a multiple That’s the easy bit, the question is how these two components are calculated. Profit in […]
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 […]
