Due diligence for an SME could be a “Minefield” or a “Walk in the Park”. Which, is down to the preparation of your management team and the keeping of good and up-to-date records. SMEs, will usually only experience being the subject of such detailed investigation into the affairs of their company when it is either … Continue reading How to make due diligence a walk in the park
With good financial reporting and processes, it is possible not to just deal with uncertainty, but to thrive in volatile times. Business can be like a game of chess where you plan your strategy and try to foresee what’s up ahead. You can’t control your opponent’s moves but you can have the knowledge to make … Continue reading How to manage uncertainty within your business
In a previous blog, I covered business valuation methods to answer the frequent question from business owners, “how much is my business worth?” MDs looking to sell their company often follow that question with another – “How can I add value to my business before I start to attract potential buyers and ‘put it on … Continue reading How to add value to your business prior to sale
We’re all familiar with alternative sources of business funding – crowdfunding, angel investors and so on but have you considered pension-led funding? One of my SME clients has been needing some financing recently in order to allow them to invest and grow the business. Their problem was that their balance sheet was not particularly strong, … Continue reading Bank said ‘no’ to loan, why not dip into your pension pot?
“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