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Here’s Why Analysing Results Is Vital For Growing Your Business

If you’re in the early years of your business, it’s easy to get caught up in the day-to-day management and lose sight of the bigger vision. But thinking about your long term goals, planning them carefully, and executing them is what will ultimately drive growth in your business. In order to know what you need to focus on to create this strategic plan, you need to know what’s currently working in your business, and what’s not. Burying your head in the sand and hoping everything turns out okay is a recipe for disaster — we all know it, yet so many of us still choose to do it! Analysing your [...]

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Top Tips For Selling A Business

Selling your business can be a stressful and emotional decision, but there is help available along the way. Here’s what you need to know. Making the decision to sell your business There are several things to factor in when you are thinking about selling your business. It's no easy task, but knowing approximately how much you want to sell it for is important. If you are selling due to financial issues, you may want to seek advice which could put your business back on track to succeed. Bottom line, make sure selling is the right choice for you. Consider using a business advisor when selling The process of selling a [...]

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How To Do A Business Valuation

You’ve worked hard building your business, so you want to know what its value is when it's time for you to sell. Here are the basics. What is business valuation? Business Valuation is a process that determines a business' worth. Four basic criteria that can affect the value of a business are circumstances of the sale, tangible business assets, intangible business assets and years of operation. The process requires attention to detail, planning and a disciplined effort by the business owner. A valuation can figure out the fair value of the business for a number of reasons, including sale value, adding a partner or other commercial reasons. Owners may also [...]

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