View Why every business owner needs an exit strategy

Why every business owner needs an exit strategy

When you picture yourself in a room or building, having multiple available exits is not just a matter of convenience, it’s a matter of safety. The same applies to owning and running a business: establishing an exit strategy, a plan for eventually leaving and/or selling the business, is part of smart entrepreneurship, and lends a sense…

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View Five tips for effective succession planning

Five tips for effective succession planning

Most people want to grow a business and sell it or retire at some point in time as well as take some capital value out in the process. Succession planning is therefore something that should always be on the agenda. Indeed, the older you get, proper succession planning becomes more and more necessary. Once you…

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View Planning your strategy for a smooth & efficient exit

Planning your strategy for a smooth & efficient exit

Every business owner will reach a point where they need to exit their business, and like most things in life, if this event is planned for, the outcome is more likely to be better than something that ‘just happens’. There is more than one way an owner may exit their business (e.g. via a trade…

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View 3 Tips For A Successful Exit Strategy

3 Tips For A Successful Exit Strategy

Building a successful business from start-up to sustained profitability is no easy feat, especially in the current economic climate. There are no short-cuts or absolute guarantees when building a thriving business. But there are successes, which come from a combination of careful planning, hard work and working with the right team. After investing significant amounts…

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View Effective preparation for a successful exit

Effective preparation for a successful exit

When looking to sell a business, preparation is key and needs thorough planning before the inevitable departure from the company. Though a business sale can take months to set up and negotiate, the actual process of preparing to successfully exit your company may take much longer. So, if you’re looking to sell your business as…

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View Business Improvement and Creating an Exit

Business Improvement and Creating an Exit

Background: The company was a third generation family business manufacturing and distributing sportswear garments from its premises in Yorkshire. The business was quite profitable but had no concept of financial controls and financial reporting. There were no management accounts and no ability to understand where the profitability lay. Underlying this was also the two brothers…

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