To maximise the full business value, business owners need to plan their exit strategy at least 2 years in advance of selling or retiring from their business. Watch this short video to find out what’s involved in getting your business exit ready for a potential sale or succession.
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 […]
Acquisitions is hard business but its not all just about the big boys. For business owner of an SME business the decision to invest in buying another firm can often be life-changing with the potential to alter the course of the firm and the opportunities for employees, for better or worse. You need to look […]
The impact of Brexit will undoubtedly bring its fair share of challenges for SMEs but this uncertainly doesn’t mean that business owners should bury their head in the sand and not carry out Brexit Contingency planning. Contingency planning for any extreme scenarios such as illness or death is good practice. There will be some small […]
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 […]
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 […]
Do you feel in control of the cash in your small business? For small businesses cash is the lifeblood to keep daily operations running. Too many business owners struggle to manage it effectively or recognise the importance. ‘92% of business owners surveyed experienced problems from time to time or consistently.’ CMC Partners Survey 2016 It […]
As an aspiring entrepreneur the thought of starting up your new business is exciting, challenging and, nerve racking. You have the perfect business idea. You have identified a gap in the market, you have the skills and passion to differentiate yourselves from others. Now what? The mechanics of setting up a business are fairly straightforward […]