Blog
From Christine Nicholson, an award-winning professional business mentor, author and speaker.
Get Exit Ready for the Best Business Value
Most business owners are not prepared for their exit. They think they have time to get exit ready. You might not be thinking of selling your business right now but there is a 100% guarantee that you will leave your business at some point in the future. The only debate is whether you’ll be in […]
Succession Planning for the Best Business Value
One of the most important aspects of succession planning is choosing the next leader in your organization and understanding what you are looking for. If you are honest with yourself, you were probably not the best leader for your business once you got it past the initial startup phase. Who is your next leader? How to […]
How to Exit Your Business for More Money
Everyone makes an exit from their business one day. Few are prepared. This makes business sales fraught with challenges and results in a lot of failure. Here’s how to prepare to exit your business. Preparing to Exit Your Business There are a multitude of websites and sources for preparing financially for retirement when you decide […]
How to Find Out How Much Your Business is Worth
“98% of small business owners don’t know what their business is worth” according to IBIS World. With a significant number of business owners admitting their retirement wealth is tied up in their business, this is a shocking statistic. Most retirement planning is undertaken over many years, so it is logical to plan the extraction of […]
Find the Ideal Buyer to Get the Best Business Value
No matter what your reasons for selling your business, to get the best business value means you have to find the ideal buyer. This requires a careful and strategic approach. Many sales processes never complete so choosing the right type of buyer is one of the critical steps. There are so many more options available […]
Get Exit Ready for a Better Business Value
How easy would it be for you to just handover the keys to your business and walk away with your proceeds? You can get exit ready for a better business value and easier transition. Being exit ready is about how dependent the business is on the owner. There are other factors such as financial and corporate […]
Understanding Cash Flow for a Better Business Value
If you want a better business value as a business owner, then understanding finance basics is essential. Here’s how to read a cash flow statement effectively. “Many small businesses would rather face an angry barbarian horde than tackle their cash flow statement.” Nicole Fende The Balance Sheet and the Profit and Loss Statement work in […]
How to Get the Best Business Value With Exit Planning
Getting ready for exit is a big job and covers every aspect of the business. Exit planning is essential for getting the best business value when you exit. To keep focused on exit planning specifically, there are 7 key essential elements to being prepared. These lead to a better exit value for you. Profitability in Exit […]
How to Get More Money From Your Business Exit
Every business owner WILL leave their business one day. Less than 1% will get the best from their business exit. This is a tragedy that can be changed quickly and easily for almost all business owners. First let’s look at where your mindset is today and see what’s stopping you getting more money from your […]
Decision Making – How to Know Your Numbers
Do you have management information for decision making? One of the biggest holes in many business owners knowledge is a basic understanding of the key numbers. Not just Profit and Loss, Cash Flow and Balance Sheet, but the main drivers and levers within their businesses. It’s a major requirement to know your numbers for a […]
How Cash Flow Builds the Best Business Value
Cash is King and effective cash flow management builds the best business value. Another podcast for business owners, where I talk to Clayton M Coke on the The Cashflow Show. In this episode, your host Clayton M Coke sits down with Christine Nicholson to discuss; Early mentors, Joining the Navy, Founding & Exiting success, Succession planning, Business addiction, Running a […]
Make Your Business Worth More with Effective Systems
One of the best ways to make your business worth more tomorrow and more profitable today is effective systems. have you ever asked if your systems support customers getting consistent excellent service? Every business has systems, whether they are written down or not. But what is a System? Systems are defined in the dictionary as: […]
Get the Best Business Value with a Great Team
How fast and high your business value gets depends on whether you as the business owner are willing to let go and trust in a great team to run it for you. Do You Have the Right People in Your Business for Its Full Potential? The poem “No Man is an Island” was written in […]
Exit Planning for the Best Business Sale Value
Are you exit planning for your business yet? 100% of business owner leave their business yet so few actually plan their exit. Here’s some insights to get you started on your exit readiness journey. Being in business for over 20 years I am busy running my business and sometimes we business owners forget that our […]
Build a Better Business with Your Strategic Plan
Having a strategic plan makes your business easier to operate and more profitable. This means it’s worth more in the future. Do You Have a Strategic Plan for Your Business? If a strategic plan is one of the critical factors in Business Success – why doesn’t everyone do it? And of those that do make […]
How to Make More Money with Effective Cash Management
Cash is ready money in the bank or in the business that can be used to pay suppliers, overheads, or employees. You can use it to make more money for your business and yourself I often hear a cry from the owners of growing companies. “I’m doing more business than ever before but I do […]
How to Build a Successful High Value Technology Business
Why do most technology companies fail, not achieving a high value? Failure in your tech business should not be seen as a deterrent but an opportunity to learn from past mistakes. Learning from the failures as much as successes means you are on the road to be the next billionaire. Hard work is always a […]
What Makes A Tech Business Successful?
New innovations are ten-a-penny in the tech business world, but not many make a business successful. Over a quarter of a million new products are launched every year in the USA alone – and that’s a conservative estimate. It doesn’t include all those ideas that didn’t make it to the invention stage, nor does it […]
How to Build a High Value Technology Business
Do you want to build a high value business, no matter what sector. Focused founders understand the technical challenges you are trying to overcome and the great potential your product has to positively change outcomes for your customers. You can’t wait to get started. You’ve most likely not yet experienced all of the challenges of […]
Building a successful business in Tech – The Big Idea
It’s great to let your imagination go wild and think BIG! One of the challenges I see in business owners frequently is not thinking big enough when they have a great product or service. Successful business technology giants (Google, Amazon, Apple, Microsoft) all have time for their employees to get out of the day-to-day and […]