Small-business owners invest blood, sweat and tears — not to mention time and money — into their companies. Putting a price tag on all that work may seem impossible. But in fact getting an accurate business valuation is essential to planning for your future, whether that means a succession plan, sale of your business or even your own retirement.

We have all, at one time or another, thought about how we will look after those we leave behind once our lives end. But have you ever spared a thought for your business, sitting lonely in the back row, grieving over your loss?

When they start their business, most business owners have a picture in their minds of one day in the future when they will be selling or leaving their business and where they want their business to be at that time.

Successful family businesses can take a lifetime to build, but poor decisions around succession can rip the heart out of a business and a family in a fraction of this time. Handing over power to a new generation is a tricky process. If you plan to transfer your business to a family member you need to consider how this will affect the family unit as well as future business operations. Contact us

Retiring from your business which you have built up for many years can not only be an emotional milestone but also a financial and legal challenge. Getting it right is important for your future well being in retirement as well as the continuation and growth of your business. Recently I came across some statistics that showed that 31% of all small business owners are aged over 50. Additionally, in another