Blog
From Christine Nicholson, an award-winning professional business mentor, author and speaker.
Get the Most out of Your Business with a Mentor
Research and surveys prove that having a business mentor is important to success. 80 percent of successful CEOs said they received some form of mentorship and 93 percent of successful start-ups said that mentorship was instrumental to success. It’s a fact that you can get the most out of your business with a mentor who […]
The Best Exit for Your Business with an MBO
Is a Management Buy Out the Best Exit for You? Business Owners have more choices than ever before about how to transition out of their business. But many do not take advantage of those choices by not considering them or not preparing for them. When a business owner has grown their company over many years, […]
How to Get Better Exit Options for Your Business
As a business owner you have more than one option, so here’s how to get better exit options for your business and, more importantly, for you. Explore the Options “Ask any comedian, chef or tennis player, timing is everything” Meg Rosoff An exit journey is not a single path. It’s more like the choices your […]
How to Successfully Sell Your Business for More Money
Selling a business isn’t easy so here’s some guidance on how to successfully sell your business for more money and on better terms for you. Let’s start out with what you think might happen and then turn to the reality. Selling Your Business – The Dream After years of building your business from scratch to […]
Make Your Business More Saleable and Worth More
How Saleable is Your Business? For motivated business founders, the route to exit is often seen as limited. Selling to another company, trying to hand over to the next generation or simply closing the doors having bled enough money out of it while it is still running. It’s important to make your business more saleable […]
Systemise Your Business to Make It Worth More Money
How to Systemise to Make Your Business Worth More Money Systems are processes, procedures and methods of working that allow a consistent high quality of delivery for repetitive or repeatable tasks or decision-making. The benefit of “systems” is that you, as the business owner, can extend your influence and reach by getting others to do […]
How to Sell Your Business for More Money and Better Terms
When you decide to sell your business timing is everything. Being prepared means you are in a stronger position to take advantage of whatever opportunities arise. There are now more businesses than ever before. More people are taking control of their own futures and starting out on their own. Is the dream of building something […]
Building Your Business for a Successful Sale and More Money
The number of business owners that get a successful sale is tiny and that’s a tragedy. there are many working parts to a successful sale and this podcast covers most of them. BUSINESS MENTOR UK PODCAST GUEST on PROFITS FIRST I was pleased to guest on the fantastic GROW MY ACCOUNTING PRACTICE PODCAST with Mike […]
Make Your Business Worth More With Ownership Mindset
Business owners think of the business in a way that no one else does, including the employees. But how would it feel if your business had every employee acting and thinking as if they also owned the business? Imagine igniting that passion and energy in everyone who comes to work every day. Here’s how. This […]
Get the Best Job for More Value in Your Business
When You Are In The Wrong Job…. Back in January 2016, listening to a keynote speech from the renowned author of the E-Myth book, Michael Gerber, I had a bit of an epiphany. Many entrepreneurs have such moments usually when they are in their day jobs, working for someone else and the light bulb that’s […]
How to Get Better Cash Flow
One question that seems to arise more often than any other is “How do I get a better grip of my cash flow?” Many business owners find controlling their cash flow a real challenge. They think that it’s complicated or they need to be an accountant to understand it. To get a grip of cash […]
How to Get More Cash in Your Business
Cash, crashes and cash flow – For any venture, cash is king. Run out of cash one day and the venture is dead the next day unless the founders are willing to max out credit cards, fire everyone or (not recommended) trade illegally. Yet many now successful founders have at one time or another run […]
How to: Get More From Your Accountant
Bridging the gap between the business owner and their accountant I was recently interviewed by Melissa at the International Accounting Bulletin where I shared how I want accountants to get acquainted with what she refers to as the ‘C’ word to they can help their client more (not just talk about it). Accountants should be […]
5 Ways to Stay Profitable After Brexit
Where might hidden Brexit costs arise? From additional paperwork through to new legal requirements and supply chain risks, the impact of Brexit on UK business is wide-ranging. It impacts revenue in many ways. In this article, we will discuss how to stay profitable despite the various hidden costs of Brexit, and how small businesses can […]
3 Steps To Make Your Business Worth More And Enjoy Complete Peace Of Mind
Like death and taxes, a stone-cold certainty as a business owner is that someday, you’ll leave your business… and you can’t always know when. But you can make your business worth more! If you don’t plan your exit, bad things happen: for you, for your family, for your clients, for your employees, for your suppliers. For society, in […]
Get Better Exit Options And A Bigger Business Value
Getting Started Having established the business in 2012, the owners knew their business had reached a cross roads about their exit options. One shareholder was looking at retirement whilst the other “had another 20 years” in them. But they didn’t know what exit options they had to enable one to extract the value out of […]
How to Make More Money and Leave a Legacy With Your Business
You want to make more money and leave a legacy after a lifetime of work building your own business – don’t you? Yet only 2% of business owners know what their business is worth today. And over 90% of business are unsaleable! Getting Started – Decide to Make More Money Experts in their field, the […]
3 Ways to Make Your Business Robust, Not Go Bust!
Businesses are being tested in ways they have never been tested before. The sad news is that whilst the COVID-19 situation is unprecedented, it is also highly likely to happen again at some time in the future – hopefully the distant future. Many businesses are currently in survival mode and looking at how to keep […]
What is Gross Profit? Everything You Need To Know
Gross profit is an important area of a company’s income statement. Here’s a look at exactly what gross profit is and how you can use it for growth and enable you to sell your business for more money. Gross profit is an important area of a company’s income statement that can provide crucial insights on […]
How to Make Your Business Worth More for a Bigger Pension
Most business owners have a sizable portion (if not all) of their pension tied up in their businesses. Yet they have no clear idea or plan for how they are going to get access to it. Or make the business worth more to enable the pension pot to be bigger. Have you given thought to […]