by Henchards - Building Business Wealth | Sep 14, 2023 | news
This month marked 11 and a half years of hosting the Henchards business lunch. No big deal in terms of landmark ‘anniversaries’ but nonetheless a notable event. The reason – yet another reinforcement of the power of association. Henchards has never been a business... 
by Henchards - Building Business Wealth | Jul 20, 2023 | news
One of the often-mentioned words in exit planning is ‘legacy’. If you have owned and built a business over many years understandably you may feel the desire to leave a mark after your tenure of that business has come to an end. So how can a legacy be incorporated into... 
by Henchards - Building Business Wealth | Jun 28, 2023 | news
You put in place an exit plan because you want to sell your business – hopefully for an attractive price that sets you up for what you want to do next in life. At least, that’s one scenario. If that is your objective then a good exit plan will help you prepare the... 
by Henchards - Building Business Wealth | May 25, 2023 | news
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... 
by Henchards - Building Business Wealth | Apr 26, 2023 | news
How often have you received an approach from a company proclaiming they can sell your business? Perhaps it offered you a place at a seminar or a ‘free consultation’ with an expert in valuing your company. Where did the letter or email go? Was it set aside because one... 
by Henchards - Building Business Wealth | Apr 3, 2023 | news
As a business owner you face multiple decisions every day – some routine, some forced upon you and some because you want to change or improve an aspect of your business. Sometimes alone, sometimes with your team and sometimes with external advice you make many... 
by Henchards - Building Business Wealth | Mar 22, 2023 | news
What does it take to take on the ownership of the business you work in? Is prior experience essential? If you’ve not owned a business before, can you ‘learn on the job’? If you are fortunate enough to have an opportunity to become the owner or part-owner of the... 
by Henchards - Building Business Wealth | Feb 28, 2023 | news
From the germ of an idea into a twenty-year journey; in February 2003 Henchards was established. What did we plan, how did it turn out and what’s next? Henchards’ Director, Ian Parker, tells the story, “I don’t come from a family of entrepreneurs, nor did I harbour... 
by Henchards - Building Business Wealth | Feb 21, 2023 | news
One of the first questions we ask business owners is, ‘Do you have a business plan?’ Most people think of a business plan as a document that’s written for an external audience, usually investors or a bank manager, with the aim of attracting investment or a business... 
by Henchards - Building Business Wealth | Feb 6, 2023 | news
In almost all exit scenarios the capability of your management team will play a part in how well you achieve your objectives. Apart from a situation where you are forced, or decide, to close the business an ownership transfer, in whole or part, will be influenced by...