Gaining a thorough understanding of what your business is worth is a tricky process. Regardless of past investments and future potential, ultimately it will only be worth what somebody is (currently) willing to pay for it. Too often however, in formulating a sale price, many business owners will neglect to take proper account of (or [...]
Historically, many businesses have sought to use their standard Terms and Conditions of trade (typically attached to an invoice or quote) to completely shield themselves from responsibility by incorporating clauses which heavily favour their own interests at the disadvantage of their customers or suppliers. The common logic for such an approach was that “if things [...]
Buying an existing business can be an exciting but stressful process. Along with assuming the rights to exploit and grow an existing enterprise, the purchaser also assumes numerous obligations and liabilities. Apart from taking on the responsibility for employees, maintenance of assets and responsibility for ongoing management, part and parcel of the obligations assumed will [...]
A recent survey* of small businesses shows how to avoid an expensive and disruptive dispute. Unsurprisingly late payment was the single biggest reported cause of disputes. Although 60% of businesses who had been though a dispute recently thought the dispute was dealt with fairly, more than half thought the time and effort required was unreasonable. [...]
