#Exit Strategy
It’s time… to hand over the leadership reins
Some years ago, I was advising two of the most impressive entrepreneurs in the country. They had built an amazing national brand and were going from strength to strength in terms of geographic coverage, revenue and customer numbers. But, they were having challenges managing the business now that it was so large. They explained: “We’re […]
Selling a business is simple, right? Avoid these seven common mistakes to take the edge off
Many business owners spend years building their business to only receive a fraction of what it is worth when it comes time to sell. Although there are many more, here are seven of the most common mistakes that could impact you significantly. Inadequate preparation Sellers who get the best deals are those who have left […]
Two in three Victorian startups are exporters
A new report into Victoria’s startup landscape reveals that a majority of ventures are revenue positive within the first two years but are not giving thought to an exit strategy. Commissioned by LaunchVic in collaboration with Startup Victoria and dandolopartners the report – titled Mapping Victoria’s Ecosystem – defines a startup as any business with […]
Leadership succession: how to step into the shoes of a founder and build on their legacy
It’s not always easy to take up a CEO role. It can be easier if no one liked your predecessor. It can be harder if you’re taking over from the founder and harder still if the founder is still in the business. The nature of the challenge depends somewhat on the stage at which the […]
Why SMEs need to make succession a priority
The future viability of small businesses is being risked as owners increasingly fail to recognise the value of an exit strategy.
How to build your business to attract buyers
Creating a business with the intent to sell demands forward-looking thinking from the very beginning.
Why your deal is taking forever to close
Private equity firms are sitting on a ton of money. Here’s why they’re scared to actually put it to work.
Why you need an exit plan from day dot
The sooner you begin thinking about life after your business, the better prepared you will be for that day and the more likely it will happen on your terms. Here’s what you need to consider when putting yours together.
The secret trouble with selling your business
It sounds crazy, but selling your start-up for a tidy sum won’t necessarily make you ecstatic. In fact, entrepreneurs often experience post-sale blues.
Planning an Exit Strategy
An SME owner’s departure from the business is inevitable, so plan your exit strategy and succession in advance, if you want to leave under the best possible conditions. Bill Hovey, CEO of the Linchpin Group Australia, shares his extensive knowledge and expertise to help you prepare an exit strategy. Regardless of the size of your […]
Preparing for exit and succession
Bill Hovey, CEO of Linchpin Group Australia, asks just how prepared are you for your business exit and succession? Read on to see if you’re one of the few business owners prepared for exit, with a succession plan in hand. Each year, Linchpin Group Australia succession management undertakes a proprietary survey as part of a […]