All business owners eventually leave their business.
So, why do so many of you wake up one morning, decide to sell your business and later come to regret it?
The vast majority of business owners do not plan the sale and regret the outcomes.
If you run an SME turning over at £1m or more and you are thinking about the next stage of your life, Nick Rudd and Andrew Watkin presented a webinar on Tuesday 5th October 2021. We outlined some of the pitfalls to avoid disappointment and encourage you to start planning for the next stage of your life.
In this webinar, the delegates learnt:
- How to establish the amount of funds which will enable you to enjoy your retirement.
- What part the value of your business plays in that fund?
- When is the best time for you to sell?
- What to do in your business to increase the chances of moving to the next stage of your life.
- Understand the risks of doing nothing.
- What impact will tax have on your decision.
If you would like to know more about whether you are personally ready to move onto the next stage of your life, then you might like to undertake a quiz situated elsewhere on the site. it can be found by clicking this link.
Nick Rudd, PRIVATE CLIENT DIRECTOR – CFP™ Chartered MCSI. HFMC Wealth
More reading, help and advice from Assynt Corporate Finance
Below you'll find links to other articles that offer help and advice about selling your business, what to look for, considerations and recommendations.
If you would like further help, contact us, we'd be only to happy to discuss your sale and can help if we can.
Andrew is the director of Assynt Corporate Finance Limited and an Accredited Member of the Association of Crowdfunding experts.
Previously a partner and head of corporate finance at Baker Watkin LLP, Andrew has more than 40 years of experience in all forms of corporate finance across many business sectors.
Andrew was the Chair of Governors at a local school for six years retiring in December 2020 and continues to be an Assessor of Expeditions for The Duke of Edinburgh's Award.
You can find out more and connect with Andrew over on LinkedIn.