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... 
by Henchards - Building Business Wealth | May 23, 2022 | news
When talking with business owners about their future, one statement of the obvious is: at some point in the future you will no longer own this business. So why not plan for the best possible transition now? Your exit from your business can be a strategically planned,... 
by Henchards - Building Business Wealth | May 11, 2022 | news
Not many business owners have an exit plan. In fact, in our own experience, less than 10% do. So that kind of proves the point – if the majority don’t have an exit plan you don’t need one either. Take on the other hand less than 20% of business owners achieve the...