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The Importance of Professional Development in the Workplace
Director-level training and a general upskilling of the team can often be overlooked or considered a risk, especially if those key employees were to leave with their newly acquired skills. However, to ensure business growth, continuity, and employee progression, it is essential in the workplace. So, the question may be, is it worth investing in […]
Steps to Prepare a Business for Sale
The steps to prepare a business for sale may seem overwhelming at first, as selling your business can require a lot of resilience, patience, and initiative, not to mention an enormous amount of research. Before negotiations with a prospective buyer begin and the transaction is complete, hours are spent preparing your business for sale. The […]
Exploring Exit Options: Should I Sell My Business?
When considering exit options, business owners should take time away from the business to recharge and gain a fresh perspective on the position of their company. It is not uncommon for an owner-manager to return from vacation with a different outlook on their business and contemplate the idea of selling their company or at least […]
Business Exit Planning – An Introduction to a Feasibility Study
A feasibility study is a great place to start for business owners who are unsure of the best path they can take in regards to their business exit. With several exit routes and succession planning options available, it’s not unusual for business owners to feel overwhelmed by the question of whether the route they are […]
Evaluating Exit Options Through Feasibility Studies
Succession planning doesn’t have to be as cut-throat and relentless as the hit TV show made it out to be, but understanding your exit options and ensuring that your chosen route will deliver exactly what you hope to achieve can be a daunting process. A feasibility study can clearly outline the pros and cons, resulting […]
International Women’s Day – Embrace Equity
By Sam Bland. The 2023 International Women’s Day theme is #EmbraceEquity. This theme perfectly encapsulates the necessary action that the world needs to take regarding the conversation of fairness in a world that is stacked against certain demographics, with particular attention to women. Women empowerment is key in both personal and professional spheres to create […]
Understanding the Rising Popularity of Employee Ownership Trusts
Employee Ownership Trusts (EOT) enable all employees to have a stake in the company and a share in the profits. The Government introduced EOTs back in the 2014 Finance Act to encourage more shareholders to transfer shares to a corporate structure (like the John Lewis model), which offered indirect employee share ownership. According to the […]
Exit Options: Preparing for Plan B When A Trade Sale Fails
Generally, a trade sale will generate a larger consideration than other exit options, and the reason is mostly related to the usual obvious synergies in a trade sale, either a vertical buyer or a horizontal one. The synergies range from cost-cutting in central services to cross-selling opportunities, or alternatively, just the opportunity to remove a competitor. However, […]
Exit Option Dilemma – Trade Sale versus Employee Ownership Trust
If you are a business owner, it is likely that you will one day face an exit option dilemma. The prospect of selling your business and leaving behind everything you have worked so hard to achieve can feel emotionally challenging. To make the right decision for your company, you should consider the different ways available […]
Strategise Your Business Exit with Seamless Succession Planning
Succession planning should always be on every business owner’s mind. There is a time in every business owner’s journey when they begin to consider what will happen to their business in the future, and more specifically, when it is time for them to exit the business. Preparing for succession planning in advance is always better […]
What Qualifies You to Be a Director?
There is no formal qualification requirement to act as a director in the UK. In fact, very few things prevent you from becoming one. However, there are numerous essential skills that you should possess if you want to level up your job. This could include enhancing skills through leadership development programmes and director-level training, which […]
Jo Haigh Interviewed on The Sonya Morton Firth Show
Jo Haigh, Founder and Chairman of fds, joins Sonya Morton Firth in the latest episode “No such thing as work-life balance. Now is the time to start your own business”. In this episode, Jo Haigh and Sonya discuss the drive, determination and skills necessary to sit on company boards and start your own business. You […]