Insights from the Smart Financial team
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
Running your own business can be empowering and liberating, and if you work with family, the sense of shared achievement can be wonderful. Where things can get more difficult, is when it comes to thinking about your exit. If you want to transition ownership to family, the exit planning process may carry additional pitfalls. Communicate, Communicate, Communicate You’ve got a … Read More
Starting your own business can be empowering, exciting and put you firmly in control of your ambitions. Unfortunately, no small business operates without risk and startling new research by commercial insurers RSA has revealed that more than 50% of small businesses fail to make it to the five-year mark. The research, published on Insider Media, that 63% of small business owners … Read More
Deciding how to sell your business may be one of the most important decisions you’ll ever make. Selling at the right time, to the right buyer for the right price could bring you financial freedom and future security. Equally, it can be a difficult process with no guarantees of getting the outcome you want. We can help with some practical … Read More
We’re continuing with our brand new blog series, Ask Smart Financial, where we put your questions to Smart Financial CEO Steve Martin and COO Dr Mark Todman. This week, it’s the turn of Mark, discussing the sellability of your business. Remember Mark or Steve could be answering your question next month. Simply tweet us using the hashtag #AskSmartFinancial or email … Read More
Being a successful business owner means looking to the future at all times. While no one starts a company with the intentions of leaving it, your success also hinges on a thoughtful business exit strategy. Laying the framework for a successful exit strategy as early as possible ensures the future longevity of your business, and having a plan in place … Read More
Do you know how sellable your business is right now? You should, even if you think selling your business isn’t something you want to do right now. Sellability should be built into your business at the earliest stages to give you more options in the future. We’ve got five reasons you should get ready to sell your business. 1. Options … Read More
The real question is, can you charge – and get – what it’s really worth to you? Even if you’re not ready to sell yet, it’s wise to prepare now so that you’ll fully reap the profits of your success. Start establishing your business’ value now and boosting its sellability as needed so that you get a truly fair price … Read More
When you started your business, you probably thought you’d never leave it. Maybe you still don’t. But even if you’re perfectly comfortable where you are, business exit planning should be a serious consideration for you. Having a business exit strategy puts you in control, so that you can plan your exit just as carefully as you planned your business at … Read More
