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How to Plan a Successful Exit from Your Business
It always surprises me how many times I meet successful business owners who do not have an strategy to ‘exit’ from their business. After all the hard work to build up a successful business, isn’t it logical to spend some time planning for how to maximize its value when the time comes to pass it on? More -
How to Raise Finance for your Business
Every business needs finance but too many businesses end up overcapitalized, with an inappropriate financial structure and short of finance to implement their strategy. Some run out of money to pay the bills and end up insolvent. This can be avoided by following the five stage process for raising finance. More -
Help! Someone Wants to Buy my Business
All of us in business look forward to the day when someone wants to buy our company. But what should you do when the call comes in to make sure you don’t miss the opportunity altogether or realize less than the business is worth? And if the subject is raised in a meeting, how will you respond? All business owners, and particularly those with successful businesses and those in their 50’s should have an ‘aide memoire’ on hand for such an eventuality. This is what it should contain. More -
Beware the Pitfalls of Buying a Family Company
Most private companies are bought and sold through a share purchase agreement negotiated between the vendor shareholders and the purchaser. But in some circumstances, even when the company being acquired is a family-owned private company or an unlisted public company, it may be required, or desirable, for a formal ‘offer to shareholders’ to be made.More -
Thinking of Buying a Franchise? What the Bank Manager Will Need to Know
The cost of taking up a franchise can vary dramatically. It will include the initial franchise fee, then possibly training, premises, shopfitting, equipment, vehicles, stock, working capital and marketing costs. It will also vary according to the nature of the business. Nevertheless banks are keen to lend to franchisees who have done their homework and can present a sound business case. More -
Looking For Business Growth? Don’t Forget Franchising
Franchising has established itself as a successful way of growing a business, although like any business venture it presents risks. Careful planning is needed to ensure that the business model is fully developed and that the franchise is structured properly.But if your business is successful but you lack the capital to grow it as fast as it is capable of growing put franchising on your list of options. More -
Could You Be a Franchisee?
Becoming a franchisee allows you to be your own boss, gives you the back-up of an established business, provides training and support and allows you to reap the profits. Too good to be true? Well maybe not… More
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