Working with you to plan a successful business exit
We specialise in supporting owners of small to medium size companies where a sale is on your agenda in the next two to five years, in the form of a sale to another company or an investor, or an ownership transfer to your management team. To get there you need help with one or more of your strategy, planning, growth, leadership and succession.
You have built your own business and a great team with it. You’ve survived – even thrived – over the past year and whilst you don’t want to sell up just yet, you don’t want to go through another downturn. It’s time to plan how and when you will leave the business.
At some point in the future, you will no longer own or run your business. How do you want that to happen? Do you want to leave it ‘to see what happens’ or put in place a plan to give you the best possible outcome? It’s time for a long-term plan.
If you are an agency, consultancy or IT business looking to build value and sell your business in the next two to five years for between £1m and £5m, we have the tools, resources and experience to help you. It’s time to consider what comes next.
Proven techniques, valuable experience
Since 2003, Henchards has been working with business owners as an adviser, mentor or coach – particularly in agencies, consultancies and technical service providers – to plan their business exit. We are offering you a business review session to owners who are at least two years from an exit. In this session we’ll help you:
- Explore what a successful exit might look like
- Distinguish between different types of exit
- Highlight what makes a business attractive to a buyer
- Identify ways in which you can step back from the business
- Review how you can increase your financial return
- Understand the steps to build more value in your business.
This is a highly effective way to kick-start your exit planning. Contact us to book your session.
What’s your business story – and how might it enhance your exit?
Selling your business is no different to any other sale in that it has both objective and subjective aspects. To get the best outcome from your business exit you need to work on both.
A potential acquirer of your business will look both at the facts and the story you tell. Different acquirers will place different emphasis on each. Business sales and valuations are assessed by various factors such as assets, financial record, risks and potential. The first two are pretty clear – they are what they are (or should be although different methodologies may result in different valuations). The second two, risks and potential, are more open to influence by ‘the story’ you tell. This story telling has a bearing on an acquirer’s perception of how ‘attractive’ your business is and how easy might be the purchase and integration.
What we do
Do you recognise the need for some extra help running your business? In the current business climate, whether you are thriving or barely surviving, you may consider the value of additional ‘horsepower’ in your business.
It may be time to work with a business adviser.
“We were coached by Ian and it has been such an amazing experience. He has a great presence, as well as a wealth of knowledge, so he can help you think about and consider how to work on your business as well as in it.”
Annie Grace, Founder
This Naked Mind
These are free for you to download and to make use of in your business, so please help yourself.