Tell-tale signs of a weak or untrusted management team are when you get embroiled in the day-to-day operational minutia, where everyone looks at you to solve problems and your role is mainly answering queries and fixing the mistakes made by others.
You’ve set up a business with a friend or connection, to keep things fair you split things, including the ownership of the business, 50:50. But what happens if you disagree on major decisions? Particularly if one of you decides you no longer want to be part of the business going forwards? We’ve worked with businesses in exactly this situation.
It often comes as a shock to business owners when they learn the day they legally complete the sale of their business is not the day they actually walk away. One of our experienced Business Growth Advisors, Geoff Gwynn, explains more.
The major overarching lesson is that you need professional help, and that help creates value in the transaction. You need to trust that your chosen professional help can save you money, like a good lawyer protecting your personal warranties, or growth advisor who can make you money by helping you set a price that exceeds your expectations.
We know how to prepare and help you get your business into shape for exit. We work with some excellent Corporate Finance House partners, wealth managers, solicitors and tax advisors and, we can advise on all the various exit routes open to business owners.
