“If I sold my business next month how much do you think it could be worth?” A question I am often asked by small business owners who will happily discuss this at length. Yet, they generally don’t know how to work out the value of their business to a potential buyer. It is complex to … Continue reading Business For Sale but what offers can you expect?
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
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?
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
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
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
Writing a business plan can seem daunting and a challenge for business owners. Here’s a list of my top ten tips to writing your winning business plan. So before you put pen to paper (or fingers to the keyboard!) take these top tips into account to improve your business plan content and presentation: 1. Know … Continue reading Top Ten Tips for Writing a Winning Business Plan
Yes, you do, honestly. Whatever you do you need a managed approach. Look at a big business, you have supervisors who should supervise what goes on, not make decisions, just supervise what individuals do. You also have directors who direct the way the business moves (hopefully forwards!), they should rarely do anything other than give … Continue reading You need a man….!
The end of a year can be a time to reflect on your business and start to put plans into place for 2017, this may include your team and resourcing. A New Year can create an opportunity to re-think how you did things last year. What worked and didn’t and how to develop the talent within … Continue reading The Resourcing revolution – Mind the Gap!
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