by Henchards - Building Business Wealth | Jan 19, 2023 | news
One of the most satisfying and rewarding aspects of being an owner manager is seeing the development of your team. To know you have played a part in the progress of key individuals and the team overall is something of which to be proud. In addition this team... 
by Henchards - Building Business Wealth | Dec 15, 2022 | news
This year’s Henchards Christmas business lunch was a great success. A record attendance after over ten years of hosting these monthly events, great fun, people making new connections and money raised through two raffles for our nominated charity Woking & Sam Beare... 
by Henchards - Building Business Wealth | Dec 13, 2022 | news
Hopefully you enjoy owning your business; financially it works well, it provides work and life satisfaction, and you get additional benefits of creating jobs and being a positive presence in your local community. Furthermore, within the company you have aspiring... 
by Henchards - Building Business Wealth | Dec 1, 2022 | news
It still comes as a surprise when I hear, “I’ll deal with my business exit it when I get there” and, “My business exit will all happen in one go.” But after many years and many thousands of conversations perhaps it shouldn’t. That’s the danger of being close to a... 
by Henchards - Building Business Wealth | Nov 15, 2022 | news
There are times when you consider the bigger questions, when you consider what you want to do in the future. Sometimes this comes on the back of a period of strong growth and success when you may feel it’s time to make the most of the value you’ve built in the... 
by Henchards - Building Business Wealth | Nov 3, 2022 | news
When starting out on your business venture, exit planning may the last thing on your mind. In reality it should be the first. If exit planning is all about ‘getting out’ or ‘selling up’ then you may ask why expend time and energy on it when your priority is to get the... 
by Henchards - Building Business Wealth | Aug 15, 2022 | news
Good practice tells us we should have business continuity plans so that in the event of a problem affecting the business we can continue trading with as little impact as possible. One of the scenarios in a good business continuity plan is to assess the consequences... 
by Henchards - Building Business Wealth | Aug 4, 2022 | news
Exit planning has many different connotations, it’s a very subjective phrase. For some, it provokes a sense of finality – a perceived ‘cliff edge’ of business ownership and involvement coming to an end. Contemplating the finish of what has hopefully been a successful... 
by Henchards - Building Business Wealth | Jul 20, 2022 | news
You may think an exit plan is all about selling your business. Not so; you can achieve a successful exit without a sale. That may seem a contradiction in terms, but your exit doesn’t mean you have to give up your ownership. As you contemplate your and your... 
by Henchards - Building Business Wealth | Jun 30, 2022 | news
In a consecutive number of weeks, three business owners presented the same challenge to us: I want to stop working in my business, but I want to retain my ownership. The three situations were different, but all shared the common thread of distinguishing between an...