Two scenarios come readily to mind:
Out of the blue, you get that ’knock on the door’. Someone wants to buy your business. You didn’t contemplate this, the business is far from ready, your structures are all wrong, you don’t know what … Read more
Why Estate Planning is often not enough…
Years ago, one of my great mates died tragically and unexpectedly. He was 53 years old, fit, healthy and should have had another 30 or 40 years left in that amazing tank. Everyone was devastated by the sudden loss, especially his family.
Luckily … Read more
What’s my business worth?
Ask most business owners what they think their business is worth and the answer is usually “no idea”. In fact, they have always wondered about value even if there was never any inkling to sell. Most generally have an idea but sometimes widely … Read more
Succession of Nothing
Most business owners defer any formal approach to succession planning.
So it is always great to see the owner finally put pen to paper or better still, engage a professional person to help them bring their succession plans to life. But tragically … Read more