Insights from the Smart Financial team
All business owners want to factor growth into their plans. If you’re a wholesaler, you’ll face some unique challenges but should be able to build in parameters that will allow you to grow when you’re ready. Not only will this ensure short term success, but should also get you the price you need when you’re ready to sell. Six Ways for … Read More
Selling your business is one of the most important transactions you’re likely to make and yet it’s often a process that is overlooked until the very point you are ready to sell. Although it might sound premature, the truth is you should build value and sellability into the heart of your business as you’re starting out, long before you reach … Read More
While your day-to-day focus is on growing and building your business – taking care of your customers, fulfilling their needs and creating demand for your products, exit planning may seem like a distant requirement. We’d argue that exit planning is actually a vital part of your business plan, helping you work towards a successful sale or legacy. Taking that approach, your … Read More
Each month, we put your most pressing financial planning questions to our CEO Steve Martin and COO Dr Mark Todman, in our Ask Smart Financial blog series. If you’d like expert advice from Steve or Mark simply tweet us using #AskSmartFinancial, email us or even add your question as a comment below and we’ll blog the answer in a future … Read More
There’s a short answer to this question – yes, of course. The longer answer is yes…but can you ensure the best selling price, the smoothest transition and the avoidance of legal or tax implications? Prepare Early Firstly, whether you want to sell your business alone or with the help of a specialist, you should plan your exit in good time. … Read More
Running a business is a very involved process, and can take most of your attention on a day-to-day basis. You may not even have thought about what would happen if you suddenly became incapacitated to the point you couldn’t run your business for a period of time – or permanently. What if, for example, you suddenly became seriously ill and … Read More
The law firm landscape is one of the most rapidly-changing in the UK today. If your firm, like many, is a smaller practice with four or fewer partners, you’re at risk of disappearing as small firms are swallowed up by larger firms with lots of capital available, wanting to grab a bigger slice of the market. What do these challenges … Read More
The Christmas holiday can be a happy but stressful time. With the personal demands of socialising, gift-buying and hosting family, the thought of keeping your business going at the same time might feel daunting. For some business owners, taking a break feels like a luxury you can’t afford, but the truth is, the greatest gift you can give yourself (and your business) … Read More
Would you like to get your finances in order, but aren’t sure where to start? Do you struggle with making decisions about how best to spend and save your money so that your future needs are met? Financial planning is the key to ending this indecision but if you haven’t sought lifestyle financial planning advice before, you may wonder exactly … Read More
