Business valuation methods – the definitive guide
You’ve put in the hours, the late nights, and missed out on precious family moments to build up your business, and now its time for a change. Perhaps you’re considering retirement, or maybe you want capital to fund a new venture; whatever the situation, you’re considering selling up and moving on. But how do you […]
What is Sellability and why you should care?
Sellability is the concept of being able to sell something, easily. If we think about vinyl records as an example. Since their inception to the mainstream in the 1930s they were popular and easy to sell. They captured a moment, a feeling, a memory. Vinyl records had sellability. Roll forward to the late 80s, 90s […]
The elements of a robust financial record keeping system
How confident are you in your business’s financial performance, right now, without waiting for your accountant to tell you? The clearest way to know is a robust financial record keeping system: an accurate, up-to-date record of every transaction that moves through your company’s finances. Businesses used to produce annual accounts, file them away, and revisit […]
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 […]