Auto enrolment is not a destination but a never ending journey

Most owner-managed businesses have managed to survive setting up auto enrolment, but that is not the end of the process. Once you have established your business’s auto enrolment there are ongoing reviews and an increasing cost to build into your business. Nearly all SMEs are now covered by the requirement to provide a company pension … Continue reading Auto enrolment is not a destination but a never ending journey

What a relief! Is your business missing out on R&D?

On more than one occasion I have been told by a business owner – “My accountant says I don’t qualify for Research and Development tax relief”. By digging a bit further it seems that the accountant has either not come across the tax relief before or assumes it is just for large companies or highly … Continue reading What a relief! Is your business missing out on R&D?

How to Transform the Profitability of your Business

Making a profit is a fundamental objective for most businesses. Therefore, it follows that management decisions should be guided by what creates the most profit. So why is it that so many businesses are not ‘Managing for Profit’? Let me explain how using financial information could transform the profitability of your business and help you … Continue reading How to Transform the Profitability of your Business

Project Exit: Planning your business exit strategy

The best time to start planning your business exit is the day you start your company.  If that is not possible then a planning horizon of at least 1-5 years but the longer the better. This will give you the time to groom your business to show its best face, maximise buyer interest and take … Continue reading Project Exit: Planning your business exit strategy

Director vs Business Owner – Understanding the difference could save your business

Being a business owner and a running a business can be the same thing and can also be very different. Running your own business, often involves building and leading a team, it demands creating value, provides opportunity to nurture talent to grow and flourish and it allows enormous freedom to fashion an organisation in your … Continue reading Director vs Business Owner – Understanding the difference could save your business

Planning for 2017: the unknown unknowns for business

This is not going to be another blog on the momentous events of 2016. Irrespective of your politics and global outlook I think we have heard enough analysis for now. Let’s look ahead to 2017. A couple of year’s back I read a book by Donald Rumsfeld, a fascinating read. His now infamous quote “There … Continue reading Planning for 2017: the unknown unknowns for business

Selling Your Business: Five ways to attract buyers at the top price

Thinking of selling your business? Remember a potential buyer of your business is likely to start with the assumption that the company is well run and will be more profitable in the future. The buyer will be performing a due diligence exercise, both financial and commercial, on your business and will find any issues. The … Continue reading Selling Your Business: Five ways to attract buyers at the top price