The elements of a robust financial record keeping system
How confident are you about your business financial performance? One way to measure it is with a robust financial record keeping system. It acts as an accurate documentation of all the transactions associated with your company’s finances. Traditionally, businesses have produced annual accounts to sit in a secure vault gathering dust. In a modern business world, that […]
Sell your engineering business with these 6 sector-specific tips
Has the time come to sell your engineering business? Are you ready to retire or would you like to step back from day-to-day operations? Either way, you’re likely to face some unique, sector-specific challenges when coming up with your exit strategy. For example, in some instances, only licensed professional engineers can buy engineering companies. This makes your target market […]
The ultimate list: 25 factors that will dramatically increase business value – and 5 that will bring it down
When it comes to selling your business when you decide “I want to sell my business“, you naturally want to get the best price possible and reap the rewards for your years of hard work and dedication. But with one eye on exciting new horizons, it can be easy to miss some of the factors that will increase business […]
How do you value a business based on turnover?
Business valuation is often a complex process that involves taking into account: financial performance, sector, market interest and a variety of factors related to how your business is run. That may sound like a lot of work but if you want accuracy, you can’t skimp. Occasionally you may need to shortcut that detailed process. It […]