Insights from the Smart Financial team
A valuable business is a sellable business, but value creation shouldn’t be left until you’re ready to sell – it should be built into your business plan. Work now on building value into the heart of your business and when it’s time to sell, you’ll get the price you need. We’ve got seven ways that can help. Establish Recurring Revenue“Recurring turnover” … Read More
Business owners tend to be fiercely independent, hardworking, and self-reliant. These excellent qualities, however, can become difficulties as time goes on. Independence can become very lonely when it feels like the success of your business rests squarely on your shoulders. A hardworking perspective can mean long hours, while self-reliance can mean not asking for help, or feeling unable to ask for fresh … Read More
Think back to when you first started your business. It’s likely you were constantly working, putting all of your time, energy and money into making it a success. Did you say to yourself then, “When I’m making a nice profit and have hired some staff to manage things for me, then I’ll take a break”? Today, has it turned out … Read More
Selling your business is one of the most important financial decisions you’ll make as a business owner, something you’re already well aware of. What some business owners may not realise is that selling your business is something you should consider early on, not just when you’re looking to exit. Value creation should be an intrinsic part of your business plan, … Read More
Got your attention? We thought so – that’s quite a provocative question and the answer is vastly different for everyone. Although we’re big believers in the value of wellbeing and security over building vast personal wealth for its own sake, it’s important to be realistic and ask yourself if you have enough resources to live the lifestyle you want, not … Read More
Decided to appoint a financial planner? Good decision! A certified financial planner will help you draw out your lifestyle goals, build value in your business and plan your exit in good time, all to help you live the life you really want. We know it’s a commitment of time and money so here’s our advice to get the most out of … Read More
There are many factors that determine the value of your business. If you’ve started planning an exit strategy that involves selling your business later on, you’ve no doubt considered many of them. A valuable business is essential to a potential buyer. But have you thought of everything? Profitability is a key point when deciding the value of a business. A … Read More
What are your retirement plans? Many business owners find that a daunting question. Maybe you’re at the beginning of your business journey and haven’t considered it, or you’ve been in business so long that you can’t imagine retiring. Either way, we think business owners should always be looking ahead to their post-work life with enthusiasm. What Does Your Retirement Look … Read More
As average life expectancy continues to increase, more and more of us are likely to require some form of long-term care as we get older. But with places in residential care and nursing homes costing in excess of £25,000 a year, paying for that care is becoming a serious challenge for a growing number of people. Government is making proposal … Read More
