How to tell staff you are selling your business
Staff are a valuable business asset, especially during the business sale process. Your employees’ knowledge, skills and experience all contribute towards overall business value and the price a potential buyer is prepared to offer. Considering the needs and job security of your team when selling your business is key to protecting their interests and minimising […]
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 […]
How to get the best price when selling your business
Maximising the sale price when exiting your business is a common, and important, goal for company owners. The difference between a high and a low price could be the difference between you living the lifestyle you desire and simply getting by. As business exit strategy consultants, how to sell your business for the highest price […]
The emotional rollercoaster of owning and selling a business
Do you remember that overwhelming feeling of pride and exhilaration the day you started your business? Were you signing a lease, registering your company name, or shaking hands on that all-important bank loan? Whatever your first memory of starting your business, that day you boarded the emotional entrepreneurial rollercoaster. I’m sure you’re nodding in agreement […]
How much are your name and face worth to your business?
When Mr Rolls met Mr Royce in Manchester in 1904 and agreed to go into business together, they decided to use both their surnames in the name of their company, Rolls-Royce. Using their names in their business clearly proved a genius step for Mr Rolls and Mr Royce, just as it did for Walt Disney, […]
Is the UK economic climate affecting business exits?
When preparing a business for sale, it’s advisable to keep one eye on the general economic climate. The external business climate is not something any of us can control, but it’s worth considering some of the variables in your business exit plan. If you choose to ignore it, economic change and uncertainty could impact your […]
