When it comes to selling a business, a quote from Walt Disney comes to mind “The way to get started is to quit talking and get doing.” Selling a Business – Finding the Advisors Your selling dream team consists of lawyers, brokers, accountants and tax advisors. With the right preparation, it also includes financial planners, … Read more
“Luck is not a business model.” Anthony Bourdain The journey to sell your business or, indeed transfer the ownership has some common and critical elements. No matter what method of transition you have, these are all encompassed in the S.E.L.L.I.T. model which has been developed and refined over 25 years of succession and exit planning … Read more
“Incorrect documentation is often worse than no documentation.” Bertrand Meyer If you are looking to sell your business here are a number of legal tips for you the think about. Getting the right lawyer Selling your business is one of the most stressful and complex legal issues you are likely to experience in your lifetime, … Read more
Even when the world seems to be heading for economic meltdown with financial crashes, global pandemics and stock market bubbles bursting, businesses still get sold and buyers still buy. So get ready to sell your business Where a business shows it can give a return to its investors, there will always be buying and selling … Read more
When it comes to making your business more resilient the business owner has 3 roles. An owner commonly has 3 roles in the business. They own it, they direct or control it and they work in it. The 3 roles are bundled together both in activities and mentally. They are so welded together they become … Read more
100% of business owners leave their business, so why do so few plan for it? Exit planning adds value to your business even when you aren’t immediately thinking of leaving your business. Most business owners have sizable portion (if not all) of their retirement funding tied up in their business and yet have no clear … Read more
“Don’t cry because it’s over, smile because it happened.” Dr. Seuss The Value of Your Business Why is Letting Go a Challenge? You built your business from scratch or at least you were there in the early days of its birth. And that brings a bond that many employees just don’t understand. Starting a business … Read more
Get your business valued Business valuation, from a business owners perspective, is an emotional subject. It’s easy to ‘Google’ the concept of valuing a business and often you can get a rough idea of your value using a basic industry standard formula. Most of these relate to open market sales for listed companies where publicly … Read more
An exit strategy is vital for any business, yet so many entrepreneurs don’t have one. In this episode, your podcast host Roger Knecht chats with multi-award-winning UK Business Mentor and author Christine Nicholson about the importance of building a business with an exit strategy in mind. They discuss various exit strategy options including and shockingly, … Read more
“Failure is the road you will travel to success; just be sure you take the correct exit.” Tim Fargo What is exit readiness? You might not be thinking of selling your business right now but there is a 100% guarantee that you will leave your business at some point in the future. The only debate … Read more
