Insights from the Smart Financial team
For many business owners, their business isn’t just a business – it’s their life. Starting a business requires enormous dedication and perseverance, so it’s no surprise that you may be hesitant to be less-involved after investing so much time, money, and energy to its success. The truth is, taking time away from the day-to-day needs of your business can be … Read More
Growing, expanding or even selling a business involves specific planning, but they all depend on one thing – healthy business finances. For this, you’ll need a separate plan. Financial planning for your business not only supports its success and growth, but can also help you achieve your personal lifestyle goals. Find out the three key reasons why you should consider … Read More
We understand how important your business is to you. It’s not just what you do, it’s a big part of your life and you’ve devoted hours, months and years to building it up to be the success it is today. Owning your own business is a great experience; putting you in control of your destiny, and giving you the chance … Read More
Thinking about your options to exit? You’ll know by now we’re big fans of early exit planning. But selling the business isn’t your only option – you could consider passing your business on to family or trusted partners when the time comes to leave. It’s a great idea if you do it right. To help, we’ve got some tips on … Read More
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
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
