For a lot of people the dream of running your own business, one day becomes a reality.....the escape from being an 'employee' to 'running the show' has a lot of appeal, creates a lot of anticipation, optimism......and the desire to be in charge of your own destiny. A great opportunity, particularly for people who maybe have unexpectedly found themselves facing redundancy and received decent redundancy packages, in the recent times of recession, where their employer of many years has now had to let people go. Well they say every cloud has a silver lining......but does it?
Having worked with a whole variety of business owners, shareholders, directors and senior management in SME's over the last 20 years it still never ceases to amaze me where they are focusing time and attention on in their business. If you analysed the cost of this misplaced focus they are costing their own business thousands of pounds every month.
When Is The Right Time To Sell Your Business?
Is Yours A Retirement Sale?
For many people the business they own is a result of many years hard work where they have developed and nurtured their company in all the ways they deemed fit at the time with probably the intention at the back of their mind that one day they would sell it and reap their rewards.