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The Effective Management Buyout (MBO) Guide for Small Business Owners
Selling your small business can be a daunting task, especially when you've invested your heart and soul into building it. However, my advice to every entrepreneur is to consider their exit strategy. This guide explores the benefits and steps of an MBO. Remember, UK...
The Cost of Not Taking Risk Seriously
Charities and PLCs have long been aware of the need to assess risk but there is little sign of Owner Managed Businesses following suit. The reason is that the first two have the need to assess risk enshrined in recommended practice (although judging by recent reports...
Eight steps for contract management success
There are eight steps in overseeing and administering the various stages of a contract, from creation to execution and beyond, that business owners must pay attention to. A good process ensures all parties involved fulfil their obligations and meet the contract terms...
The public cloud gives small businesses an edge. What’s stopping you from taking advantage?
On average UK SMEs using the Cloud experience an increase in profitability of over 20%. What’s stopping you from taking advantage?
Don’t let your business fall off a cliff—two areas of risk assessment SMEs should pay attention to
While charities and PLCs formally assess business risks, many owner-managed enterprises fail to follow suit. One reason is that sole traders and partnerships don’t have external stakeholders who require risk assessment. Another is that SME owners believe that the only...
Using Your Assets to Secure Funds for SME Expansion
I’m often asked about alternative ways to raise funds for business expansion. SME’s still struggle to access finance through traditional routes such as bank loans but one way to access the finance you need is to take advantage of your assets. Small and Medium-sized...
A Comprehensive Guide to Identifying the Perfect Buyer for Your Business
As a business owner, selling your business involves one critical task—finding the perfect buyer. In this guide, we will walk you through essential steps and factors, optimising your journey to maximize your business's value and achieve desired outcomes. Thorough...
Continuous Improvement doesn’t have to be difficult (4)
So far, we’ve covered three things you can easily do to get your improvement journey started: Make notes in real time about what goes wrong or can be improved Chat about how well (or otherwise) things are going and what needs to change Draw pictures of how you do what...
Material Requirements Planning (MRP) for SME’s – Do you need it? Where do you start?
As an SME grows the nature of the business becomes increasingly complicated, particularly if manufacturing or distribution are involved. In the early stages, most businesses manage with the back of an envelope or an Excel spreadsheet, but at some point, the...
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