We recently gave you some nuggets if you are strategising your business exit plan; here is another article about the actual “Mechanics of a Sale” First have a look at one of our earlier Blogs to find out how you should start preparing your business for sale in good time – it’s never too early. […]
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77. Seven Nuggets you should be thinking about now if you have even the merest inkling of selling your business
There are 7 key considerations when getting ready for sale: 1. Planning Planning an exit strategy is absolutely key for any business owner looking to maximise value from all the hard work you have invested in setting up and growing your business. The old adage “failing to plan is planning to fail” is hugely relevant […]
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76. From “Busy Fool” to Trading Nirvana in One Easy Step
If you put your prices up you would probably lose some business – right? But do you know how much sales volume you could afford to lose – yet still be as profitable as you were before you hiked your prices? Every business is different and you need to understand how the “Price : Volume […]
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75. How Can I Squirrel Cash From Somewhere?
Question I am the owner and manager of a boutique executive search consultancy business. The business turns over about £5m and I have half a dozen billing consultants who, like me, are heavily involved in business development. In addition we have a small team of researchers and a couple of support staff. I have a part-time […]
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74. Do you, like me, groan inwardly when we get into the joyous period that is Christmas?
Christmas is upon us and the stores are full of festive joy. Your staff have already started to plan their Christmas meals, search frantically for presents and those Christmas parties are appearing in their diaries. It wasn’t that long ago that businesses, especially corporate service companies, welcomed the slowdown so they could catch up with […]
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73. My Bank won’t give me a Loan. What Should I do?
My bank won’t give me a loan to expand my production. What should I do? The obvious – but wrong – answer is to look immediately for another bank that will lend. The danger is that your bank has made the correct decision on the information you gave it, and by simply reapplying elsewhere you […]
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72. How will Implementing FRS101 and FRS 102 Affect My Business
Question of the week: 1. How will implementing FRS101 and FRS 102 affect my business and what should I be doing now to plan ahead (my year end is 31st December)? 2. Which is the better one to comply with? These were the 2 coupled questions posed by Colin from a manufacturing company. This […]
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71. Latest on Ask the FD – your weekly update from Tectona
What scheme would you recommend for a new company wanting to issue shares to staff based on some company performance metric in the future? Would an EMI options scheme be appropriate with the trigger event being, for instance, turnover of £5m? What other options are there? These were the 3 questions posed by Richard from […]
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70. Ever wish you had a friendly person on hand to ask questions about financial issues? Well now you have
Tectona is delighted to announce the launch of a new service designed to help you get your finances sorted out. Submit a question to “Ask the FD” and we will provide a quick answer and perhaps a pointer to useful material to give you chapter and verse. It will not be advice or recommendations but […]
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69. Sage Or Xero – Which Camp Are You In?
Over 20 years ago, this probably wouldn’t have even been asked as Sage was advertising that 80% of accountants would recommend their software over that of their rivals’. The campaign that featured this statistic was so successful that the whole education and training industry focused on Sage technology. This helped Sage consolidate their position as […]
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