Want to maximise your business wealth before you sell your business? If so, you’ll need your staff to be focussed and engaged to do this. Some possible concerns to address may be: You are not sure what your business is worth Your business is ‘owner reliant’ No formal succession plan Past staff… Read More >>
We advised a client “David” (53), owner/operator of a successful business providing professional services to the building and construction industry. David had started thinking about retiring and believed all it would take is not getting out of bed to go to work. Until he spoke… Read More >>
A ‘Business Value Gap’ is the difference between the value of your business today and what you need it to be at time of sale. A shortfall can have a significant impact on your retirement plans and may force you to reassess your desired standard… Read More >>
Consider the following: Only 1 in 15 (7%) retirees live on an annual income of $70,000 or more. Almost one million people have returned to work since retiring. Four in ten retirees maintain that you need the same or a higher amount of income in… Read More >>
A business that runs on systems and processes, therefore reducing owner reliance, is intrinsically more valuable than one that places a significant operational reliance on owners. The pace at which technology is developing can be daunting, yet few properly understand the leverage it offers.
As boring as it may sound, your ability to analyse and control cost structures as a business owner will prove to be a valuable resource when preparing your business for sale. By analysing the cost of providing a service or producing a product enables you to identify under-performing… Read More >>
Sellers beware! When selling a house, real estate agents will always advise that a little preparation and planning will assist in achieving your desired sale price. Making sure that the gardens are tidy, the interior is clean and pest treatments are up to date are all simple matters that… Read More >>
Business Succession and Your Customers A key concern that is sometimes overlooked when considering succession is the impact that the change in ownership will have on customers. Addressing the concerns of your customers is critical to ensure that they are confident with the new business owner/s.
Life Balance “While you were working, your children grew up and moved out”. To ensure that this comical phrase doesn’t apply to you, the importance of a “Work Life Balance” is vital. It is also an issue that will become increasingly important to “Gen Y” employees seeking… Read More >>
Is your business really worth what you think? According to recent research, 49% of business owners nominate a “trade sale” of their business as their preferred and most likely succession planning exit option. With record numbers of businesses selling, business owners are often disappointed when the offer… Read More >>