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 […]
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 […]
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 […]
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 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 […]
Much has been written about business and exit planning – but business selling is like selling a house. You don’t have much experience and can go horribly wrong as a result. You improve your prospects when you ‘know the ropes’ and are being well-advised. ‘Maynard’s three immutable laws of Business Selling’ You won’t find them […]
