Many business owners put their heart, soul and life savings into their business in the hope that when it comes to selling the business it will provide them with their retirement nest egg. The reality for most small business owners is that their business won’t fund their retirement and unfortunately, they often realise this a little […]
5 Tips to Maximise the Value of Your Business Sale
Even if you don’t plan on selling your business anytime soon, we recommend building your business like you are going to sell. “Begin with the end in mind means to begin each day, task, or project with a clear vision of your desired direction and destination, and then continue by flexing your proactive muscles to […]
Exiting A Business
It is important that you plan to exit your business if not now, sometime into the future. There are 3 options to exit a business: 1. Sell the business 2. Transfer ownership 3. Wind up the business Sell the business Deciding to sell a business is a major decision for a business owner. It’s […]
Have you considered your succession plan?
Succession is a sleeping giant that is about to awake and which many business owners do not even recognise will impact them directly. Throughout the GFC many business owners who had not previously had a succession plan came unstuck as their industries changed and their businesses did not change fast enough to keep up with […]
Can I sell my business?
A key to business is having an exit strategy in mind when you are starting out. With this in mind, if your end strategy is to sell your business, when you are making decision along the way it will be with the end in mind so by the time you are asking this question the […]
