Is your business due a financial health check?
A new financial year is the ideal time to focus on getting your business on a sound financial footing, more so if you are planning to sell in the near future. Prospective buyers want to see evidence of regular financial health checks, strong cashflow, organised record-keeping, and optimised business finances. It should come as no […]
Fees for selling a business: the complete list
This article was originally posted on 15th of December 2020 and has been updated. What does it cost to sell a business? Well, it depends on your attitude to risk and the selling approach you choose. The most common professional costs of selling a business include legal fees, accountancy fees, and business broker fees. […]
Recommended reading when planning your business exit
If you don’t do your research before selling your business, at some stage you’ll get caught out – which could have consequences for your reputation and the integrity of your business. We’ve compiled this reading list for business owners that want to enter into the business sale and exit process armed with resources, knowledge and […]
Looking back is a key component of your exit plan
This is the time of year when we’re bombarded with phrases designed to improve our lives and boost our businesses – planning for success, the perfect exit strategy, organisation and optimisation, changing habits and becoming financially healthier. These are all themes we’ve come across in recent weeks, which are designed to inspire, but can easily […]
Strong foundations equal strong exit.
At Uscita, we’ve recently collaborated on an article with Rock.partners looking at the equation between strong business foundations and the ability to exit strong later on. It all started with that common business trope “the best time to start planning your business exit is the day you start your business”. We work at one end […]
What’s the difference between harvest strategy and exit strategy?
There’s nothing like the feeling of growing and harvesting the fruits of your own labour. Fresh veggies straight from the garden taste divine yet are short-lived. Whereas the rewards of harvesting from your own business have the potential to last you for the rest of your life. That is, if you plan your exit strategy […]
The Olympic task of planning to sell your business
Have you ever considered the similarities between building a business and training to become an Olympic or Paralympic athlete? If you enjoy participating in sports, you might already recognise some of the traits, behaviours and qualities you share. Even if you’ve never considered yourself to be a sporty person, as an entrepreneur or business owner, […]
Why business owners need a holiday too – and how to get there
Schools out for summer! Your social media feeds are about to become peppered with other people’s sunshine selfies and your inbox with out-of-office emails. But none of those will be yours. Why? Because you struggle to take time off. Your company just cannot run without you, can it? If your business takes priority over family […]
6 ways to build a loyal customer base
“In business, I look for economic castles protected by unbreachable moats” – Warren Buffett Buffett describes an attractive business investment as a castle with an impenetrable moat of protection. To be a viable proposition, a business needs solid foundations and a strong leader. It also needs differentiators which make it stand out from the crowd […]
Is it time to spring clean your business records?
If you are serious about exiting your business, the start of a new tax year is a great time to de-clutter your documents, finalise your financial records, and confirm your compliance with government legislation. Making sure your records are up to date and ready for analysis shows potential buyers that your business is on top […]
