by Henchards - Building Business Wealth | Jun 22, 2021 | news
If someone wants to buy your business, it’s good news isn’t it? In principle, yes! But bear in mind the deal isn’t done until the contract is signed. So take a breather and consider what an approach to buy your business actually means – it may be the best...
by Henchards - Building Business Wealth | Jun 9, 2021 | news
Selling your business, or your share of your business, is no different to any other sale in that it has both objective and subjective elements. To get the best outcome from your business exit you need to work on both. A potential acquirer will look both at the facts...
by Henchards - Building Business Wealth | May 27, 2021 | news
The exit planning process is designed to give you the outcome you want from the sale of your business or your share thereof. Previously we described the first three steps: determining your desired outcome, considering the perspectives of other shareholders and...
by Henchards - Building Business Wealth | May 18, 2021 | news
In the first two phases of exit planning we review what you want to achieve from your exit and consider the needs of other shareholders and stakeholders, who may have different perspectives and timescales to you. The next step is to assess your business to establish...
by Henchards - Building Business Wealth | May 6, 2021 | news
In our previous article we talked about the different types of business owner and the importance of setting out your desired outcome from a future exit. If your future and that of your family is dependent upon getting the transfer of ownership planned and executed...
by Henchards - Building Business Wealth | Apr 27, 2021 | news
There are four types of business owner when it comes to how your exit or ownership transition will come about. The entrepreneur who started their business with an explicit end in mind. They will have a time frame, an exit value and their future plans mapped out. It...
by Henchards - Building Business Wealth | Apr 12, 2021 | news
Depending on the industry you are in, your interpretation of ‘long-term’ will vary considerably. In oil exploration or pharmaceutical development ‘long-term’ can run into decades, for an online retailer your horizon will be considerably shorter. However, what about...
by Henchards - Building Business Wealth | Mar 16, 2021 | news
We are 12 months into our virtual lunchtime conversations which have taken the place of our long-standing and popular lunches. Each month for the past year our invited guests have discussed a business related issue, shared experiences and offered tips and advice to...
by Henchards - Building Business Wealth | Mar 3, 2021 | news
If you are a fan of the TV show, ‘Love It or List It’ you will recognise the formula. A family is given the choice between a make-over of their current home, courtesy of Kirstie Allsopp, and a new home found for them by Phil Spencer. At the end of the show, the...
by Henchards - Building Business Wealth | Feb 11, 2021 | news
When asked, “Where do your best leads and clients come from?” most people will answer, “From referrals”. When you are contemplating the sale of your business one key attribute is a strong pipeline of good leads – and that’s exactly what an effective referral strategy...
