Life Cycle - Exit

Tips, advice and solutions for business owners wanting to grow or improve their business

Business Risk during the Festive Season

Business Risk during the Festive Season
As we take the run into Christmas, most business are focused on getting things finished so they can wind down for a bit of R ’n‘ R over the Christmas & New Year period. Naturally, those in Retail are still geared up until after the post Christmas sales and Hospitality, will run hard until the holidays finish, but….there is another group who are gearing up for a busy holiday season.
 
This group, would officially be on the “naughty list”, as this group have only one objective - to rob you.
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( Posted in: Risk Mitigation )

How to gain Sustainable Client Referrals

How to gain Sustainable Client Referrals

There is a gold mine of new opportunity in your existing client base - you simply need to know where to look. 

 
Business is very much about sustainability – the sustainability of new client opportunities/leads along with good sustained profit and cash flow. Drawing these together makes for a very profitable business operation in the short term, and fosters strong enterprise/business value over the longer term.
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( Posted in: Business Performance )

The 5 life-cycle stages of a business

The 5 life-cycle stages of a business

Businesses are not static beasts, they change and evolve over time - and as they do, their needs vary. By understanding the different life-cycle phases of a business, owners have the ability to position themselves differently and focus on different facets which will drive enhanced returns.

Broadly, there are 5 distinct life-cycle stages...

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( Posted in: Business Management )

Business Sale Values

Business Sale Values

Increasingly with the transition of the Baby Boomers into retirement, more and more business owners are considering the sale of their business. This is a very important event, as it allows them to unlock the investment which they have built up in their business over time and assists with funding their retirement. The key question is generally – “how much is it worth?”....

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( Posted in: Sale/Succession )

Sale of Business Value every business is saleable

Sale of Business Value  every business is saleable

Essentially every business is saleable; it’s simply the sale value and terms which vary. The issue faced by many business owners is that the sale value/terms available, are significantly lower than they had hoped for.

So if you are seeking a sale exit from your business - you really have the following options available....

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( Posted in: Sale/Succession )

Business Improvement for the year ahead

Business Improvement for the year ahead

Christmas Day has been and gone and New Years is settling in, but when you sit back in the comfy chair – wherever that may be, on the beach, by the water, camping or even just at home……now is the time to take a quick “stock take” of the year that has past.

For those in business, often there is little respite as you....... 

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( Posted in: Business Management )

Why you should consider more than just the Easy Option

Why you should consider more than just the Easy Option

In a world where speed appears to be everything, often the compromise that is made is to take the generic or easy option. This has become so common in business, that the generic option is often the only option put forward – whereas there is generally many ways to skin a cat.

Now whilst I have no issue with a simple, cheap option when you can get it – the critical point is ensuring that it is the right option.

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( Posted in: Business Management )

Succeed with Business Succession

Succeed with Business Succession

Succession is an inevitable bridge that needs to be crossed for all businesses. For some, the decision is made in a millisecond – whereas for others, it can be an all-consuming dilemma. This article is to help those struggling with this dilemma.

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( Posted in: Sale/Succession )

The One More Thing for business success

The One More Thing for business success

Whether it be in sport or business, the difference between success and failure can often be simply doing one more thing than the competition. The extra phone call, one more prototype, another sales approach, an additional quality check, a larger focus group, an extra tier of service etc etc.....any of these can be the secret ingredient to business success.

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( Posted in: Business Performance )

10 Commandments of Business

10 Commandments of Business

Many business owners are time poor and simply don't find the time to read the more comprehensive articles. So if you are looking for a bunch of potent tips for your business - then this short article is for you. 

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( Posted in: Business Management )

What do I need to prepare my business for sale?

What do I need to prepare my business for sale?

Business Sale Building Blocks - The prospect of selling a business, or at least positioning it so it can be sold, will be confronted by all business owners eventually. It may be for 20 years down the track (rare) or to sell now (more common), but the simple reality is that all businesses will have a change of ownership at some point.

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( Posted in: Sale/Succession )

The Cost of being Tolerant

The Cost of being Tolerant

Business owners tolerate a lot, whether it is poor performing staff, process problems, cash flow, IT and the like. In doing this, the level of stress or pressure on the owner (and in many cases - the business) rises in direct proportion.

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( Posted in: Business Performance )

10 Mistakes to avoid when Selling your Business

10 Mistakes to avoid when Selling your Business

Some would say that the hard work has been done, but you can't take your eye off the game at this crucial time - as it could blow up in your face and cost you a lot.

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( Posted in: Sale/Succession )

My Business is Up for Sale!

My Business is Up for Sale!

The sale of a business is typically an emotive situation for the business owner…… and in the majority of cases, something that they are very unfamiliar with. So if you are thinking of selling your business, then consider the following 6 ingredients for a good business sale experience.

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( Posted in: Sale/Succession )

Business Decisions - play them forward three hands

Business Decisions - play them forward three hands

Many strategies and decisions are made "in the moment" - considering only todays issues with little thought given to the flow on effects or impacts.

Consider for a moment what this could look like in a practical business context;

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( Posted in: Business Management )