Selling Your Business? Read This First

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 …

Exit Planning for Your Wholesale Business

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 …

A Quick Guide to Business Continuity Planning

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 …

Can I Sell My Business On My Own?

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. …

3 Compelling Reasons You Need a Business Continuity Plan

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 …

Meeting the Challenge of Succession Planning for Law Firms

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 …

Are You Taking a Christmas Break From Your Business?

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) …

Exit Planning for Your Family Business

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 …

Small Business Survival Rates Fall – Don’t Become a Statistic

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 …

How to Sell Your Business

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 …