Insights from the Smart Financial team
Thinking about your options to exit? You’ll know by now we’re big fans of early exit planning. But selling the business isn’t your only option – you could consider passing your business on to family or trusted partners when the time comes to leave. It’s a great idea if you do it right. To help, we’ve got some tips on … Read More
A valuable business is a sellable business, but value creation shouldn’t be left until you’re ready to sell – it should be built into your business plan. Work now on building value into the heart of your business and when it’s time to sell, you’ll get the price you need. We’ve got seven ways that can help. Establish Recurring Revenue“Recurring turnover” … Read More
Business owners tend to be fiercely independent, hardworking, and self-reliant. These excellent qualities, however, can become difficulties as time goes on. Independence can become very lonely when it feels like the success of your business rests squarely on your shoulders. A hardworking perspective can mean long hours, while self-reliance can mean not asking for help, or feeling unable to ask for fresh … Read More
Think back to when you first started your business. It’s likely you were constantly working, putting all of your time, energy and money into making it a success. Did you say to yourself then, “When I’m making a nice profit and have hired some staff to manage things for me, then I’ll take a break”? Today, has it turned out … Read More
