Exiting your business is arguably the most important moment in your business life. It deserves time, planning, and the right support. Whether you're considering a sale, succession, or employee ownership, your exit plan will determine how smooth and successful the process is. This article explores the main business exit options available, how to prepare a robust exit plan, and why bringing in independent expertise helps you maximise value and ensure a smooth transition.
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In the dynamic and challenging environment SME businesses face, having a well-thought-out business plan isn’t just a formality—it’s the cornerstone of success. A strong business plan drives business accountability, aligns stakeholders, and provides a clear path to achieving your goals. Yet, many small businesses either neglect this vital document or fail to revisit it once it’s written. This oversight can lead to missed opportunities, misaligned priorities, reduced profitability or worse; business failure.
This article outlines the benefits of having a business plan, highlights the key elements of strategic planning, and explores the essential role of a Non-Executive Director (NED) in driving SME success.
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When a business is in distress a clear plan with urgent, decisive action is needed. Independent external skills and expertise are essential in driving through the turnaround plan with energy and impartiality to save the business. This success story showcases how this was brought to great effect in a large family-owned chain of opticians.
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