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Keeping Your Business Safe

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Keeping Your Business Safe

By , April 14, 2019
There’s so much they can learn from him

With globalisation and increased utilisation of technologies new and old, uncertainty in markets across the world are increasingly affecting local businesses – no one is immune.

Turbulence is the new norm.

The current trend for the baby boomer, business owning generation hitting retirement age means they are starting to plan the timing of their business succession or exit. Global uncertainty is playing havoc with their plans for the future. With 80% of business owners recognising that their business is their pension, the financial result from the sale of the business is playing an important factor in the planning of many would-be retirees. The levels of uncertainty is both distracting and stressful when so much depends on the timing.

Having a determined and focussed Business Succession Plan is one way of reducing this stress and keeping the business owner focused on what they want to get out of their life’s work. For most it’s about more than just the money – they want to leave a legacy, to look after loyal staff and to have something they can be proud of. Having a plan means engagement with family, staff and alternative opportunities.

A plan means you can fully explore how to add more value prior to exit.

If you want to look after your staff then having a plan to engage them in ‘Ownership Thinking’ can add value, reduce risks AND give them an opportunity to become the new owners, through a well thought out and delivered Management Buy Out.

Quality businesses can absorb the impact of market shock. A quality succession strategy gets to work by identifying the existing value, making sure it is protected and then maximising future value.

Christine Nicholson

Christine Nicholson

Christine is a Chartered Management Accountant with a Law degree who brings 25 years of wisdom, know-how, and experience of working with SME’s. Her long and varied career has included working overseas, rescuing technology companies, building a healthcare business from scratch and running a zoo.

She started her first successful multi-million turnover business in 2002 and has grown business ventures for others including a bankruptcy to 8-figure exit in 18 months. Christine’s engagement consistently gets her clients increasing their turnover with improved profitability and fewer working hours.

She has saved clients thousands and increased the value of their businesses by millions. Since 2008 she has generated over £100m of crystallised value in business exits.

Christine is also an author of 3 books on Finance, Business Management and Technology businesses. She is a seasoned speaker and Professionally Accredited Member of the Association of Business Mentors.