Looking to exit from your business in the next two to five years?
We can help you achieve the best outcome.

Looking to exit from your business in the next two to five years?
We can help you achieve the best outcome.

Articles

An Exit Plan is not all about you

Exit planning. Who’s it for? The obvious answer is you, the business owner. If you want the best possible exit from your business, a good plan removes many elements of chance.

It provides you with greater confidence in how the final stages of your business ownership will pan out and so puts you in a better position to make plans for what comes next. 

Read More

An Exit Plan is not all about you

Are you ready to sell your business? Part 2.

As you contemplate the final stages of your business ownership journey, it's essential to ensure not only that your business is prepared for a potential transfer of ownership but also that you are personally ready for the transition.

Our previous article delved into aspects of preparing your business, this article focuses on what you need to do to prepare yourself for this significant change.

Read More

Daffodils - Selling your business

Are you ready to sell? Part 1.

There are two aspects to being ready to sell your business: are you ready, and is the business ready? In this two-part series, we'll delve into both aspects, starting with the readiness of your business itself.

Whether you're selling a portion of your business or the entire operation, potential buyers will conduct due diligence (DD) before finalising any deal. What they uncover during this process can significantly impact the negotiation's outcome. It's crucial to address issues and present your business in the best possible light.

Read More

Daffodils - Selling your business

New Year and potentially the final stage of your business ownership?

In our last article we asked whether December is a good time to contemplate your business ownership, review what’s happening and determine a new course of action.  Perhaps embarking on the final stage of your business ownership is on this year’s agenda.

If you’ve been able to step back from day-to-day activity and enjoy a period of reflection you may have wondered what comes next for your business and how you will navigate to a time when you are no longer the leader and owner of your enterprise. 

Read More

Is December a good time to think about your exit?

Why should December be any different to any other time of the year for contemplating your exit from your business?

In one sense, it makes no difference at all – other than perhaps the number of articles that appear towards the end of the year urging you to think about what next and how the coming year might be different!

On the other hand, there are some practical and psychological reasons why this might be a time for assessing your next phase of business ownership.

Read More

Is your business struggling with cash or capability?

One reason for considering an exit is that your business has plateaued. You may have had a good run building up the business, perhaps over many years, but have now hit a ceiling. It’s a frustrating place to be – what worked in the past no longer seems to give the same results; you can see plenty of opportunities but can no longer find the formula to turn them into success.

There may be many reasons for this stalling of business growth: misreading the market, failure to refresh products or services, pricing that no longer reflects the value offered, suppliers tightening their terms of business, unproductive team members, the wrong skills sets, not keeping abreast of industry movement and developments, or perhaps you’ve just got tired.

Read More

Exit planning with multiple shareholders (part 2)

When you start a business the excitement and optimism often overshadow the need to plan for a potential exit. When a company has multiple shareholders, agreeing on an exit strategy becomes more complex because of individual ambitions and shareholders’ expectations from the business.

However, a well-thought-out plan is essential for long-term success, a smooth transition of ownership should one or more shareholders wish to sell and to maximise the value of the business for all involved parties.

Read More

Exit planning with multiple shareholders (part 1)

The presence of multiple owners can make exit planning a more complex and tricky process than with a single or majority shareholder.  In principle the same steps are required – understanding the shareholders’ personal requirements; determining what the business...

Read More

The power of association

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.

Read More

Leaving a legacy from your business journey

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.

Read More

Downloads

We’ve written a number of guides on selected business subjects that will set you and your business in good stead for whatever future you may choose.

These are free for you to download and to make use of in your business, so please help yourself.