How to go about selling your facilities management company
Facilities management is a complex, and often specialist, area of work. Property maintenance, fire safety and security companies generally come with lots of valuable moving parts, all of which must be carefully addressed when planning your exit strategy. If you’re thinking of selling your facilities management company, this post explores some key considerations to prepare […]
Balancing perceived business worth with actual business value
When the New York Attorney General filed legal action against Donald Trump in September 2022, it made for an interesting discussion about actual versus perceived business value. The civil fraud lawsuit accused the former US president and three of his children of ‘staggering fraud’ and inflating his net worth by billions to ‘enrich himself and […]
How to avoid regret when selling your business
3 in 4 business owners regret exiting their business one year on. It’s shocking that so many people make the wrong decision. So why do so many people wish they hadn’t sold their company and, more importantly, how can the rest of us avoid regret when selling your business? Why do 75% of business owners […]
How to transfer a business to a family member
When your time at the business you created draws close, it’s essential to start creating a plan for the future. From an open market sale to family succession, there are many options for all owners. Handing your business down to a family member is a proud moment. You’ve built your company for years, and passing the baton […]
What happens during the due diligence phase of the sale of a business?
If you’re getting ready for a business sale, due diligence will be on your to-do list. This crucial step will get you the value you have been offered by a buyer. It also makes the overall journey easier – a win-win situation. However, if this is your first sale, you might not know how to […]
Sell your manufacturing business – six steps to get the value you deserve
So, you’re ready to sell your manufacturing business. If you’ve come to the conclusion that it’s time to sell, you’ve likely given the situation a lot of thought. While this decision is exciting, it’s important not to rush into it. There are some final steps you can take to get the value your business deserves […]
The 6 ingredients of a scalable business model
Author’s Note: This article was originally posted on the 16th of July 2018 and has been completely revamped and updated to keep up with the changes. Whenever you think about growing your business, it’s likely that what you actually want is a scalable business. Because scalability is not simply about growth. We all want our businesses […]
How much should I sell my business for?
If you’ve decided to sell your business, one of the most critical aspects of the sale is getting the right price for you. Selling your business takes a lot of organisation and planning. Staying on top of the process is critical for a good sale. Whilst there’s more to a business exit than the sale price, it would […]
The complete checklist for selling a business
This article was originally posted on 28th of August 2020 and has been completely revamped and updated to keep it up-to-date. Once you’ve decided it’s time to leave your business, the next step is getting your documents ready for sale. But, is there an easy way to navigate this process? It can be difficult to […]
Business exit strategy – the ultimate guide
A business exit strategy may not be the first thing you think about when you start your business. And why should you? The dream of anyone going into business is to create a service that is functional for many people. By doing so, they create an impact and leave a legacy, while making a handsome […]
