Blog, Business recovery - post Covid-19, Exit Planning, Finance, Selling a Business
Business Recovery Business recovery is pretty high up on our agenda, right now. Our first step, I believe, is making sense of where we are now, then our trajectory will become clearer. I advise people on the sale and acquisition of small to medium-sized* businesses....
Selling a Business, Social Media Policy
We all know something about Social Media but how can it affect a business when it is sold? Due diligence by a buyer starts as soon as it knows the name of the seller. A buyer will seek to limit his risk and will want the process to be as hassle-free as possible. Due...
Exit Planning, Selling a Business
In 2013 a survey published by the Department for Business, Innovation and Skills found that nine per cent of small and medium-sized businesses (SMEs) would close over the next few years. According to the federation of Small Businesses it equates to 468,000 firms...
Exit Planning, Selling a Business
When asked by Alex Polizzi: “What is your exit plan…or do you intend to keep doing this until there is an upturn in Big Space’s fortunes?” Lester replied “Death is my exit plan” When I heard this answer on BBC Two last night* I asked myself where does that plan leave...
Finance, Selling a Business
The serious concerns and challenges to the family business is the long-term future of who will eventually take over the business. Just over half of the 500 respondents in a survey* say that their biggest issue revolves around problems to do with succession (24%) or...
Finance, Selling a Business
Why worry about timing when there are two reasonable approaches to selling your business: When it is a certain size or when it’s worth a certain amount of money. Both are perfectly reasonable, but they ignore one crucial factor: Timing. Say, today you think your...
