Thursday 20 May 2010
Your business is your future. How much will it be worth when you come to sell?
Over the last three weeks, we’ve been promoting the results of our SME survey – Happiness and Heartbreak. It has revealed the thoughts of business owner/managers from across the UK – but what are their thoughts when it comes to selling their businesses and moving on?
Our research on ‘Succession Planning’ has produced some interesting outcomes:
• Only 16% of business owners are planning to hand control of their business to another family member
• 42% are worried that they’ll never be able to extract capital from their business or ‘monetise’ their investment
• 45% of business owners would use advisers to find a buyer while 23% would use personal contacts
• An interesting statistic is that just 13% of business owners surveyed were 40 or younger – which does raise the question are there young entrepreneurs out there to buy businesses in the future?
To find out how other owner managers are dealing with the issue of succession download the survey now and share your thoughts in the comments area below. This is your opportunity to get your voice heard.
To ensure you maximise the return on investment in your business contact us.
Comments
Leave a comment and/or download the report
Once you sign in, you will be able to download the report. To leave a comment - simply add text to the comment box below.
Copyright © 2010 Haines Watts Group
Excellent article. Should be required reading for all meddlesome politicians and also should be a focal point for the RDA replacement Local Enterprise partnerships
Paul Andrews, Thursday 1 JulyPlease forward access to the full report.
Dr Patrick Ferguson, Tuesday 8 JunePlease post a copy of the survey under plain cover.
m headington, Monday 24 MayRegards
M Headington