This is a question many of our clients want an answer to! The truth is, it depends on a range of factors and any valuation is only helpful as a guide for planning forward. The ultimate value of a business is the price a willing buyer is prepared to pay for it.
Does your company have a shareholders agreement?
For limited companies, when it comes to making decisions, company law states that shareholders who own more than 50% can pass a motion at a company meeting regardless of the views of other shareholders.
Managing your cash in tough times
With ever-increasing supplier prices, a rise in interest rates and a looming recession, managing your business’s cash and understanding the flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success.
Rishi or Liz – Will there be tax changes?
With the departure of Boris Johnson, the two remaining contenders for the leader of the Conservative Party have started to outline their future policies.
Systems
No business can thrive without having various systems in place. They allow you to identify the most efficient way of performing a task and ensure team members follow an agreed approach.
Pricing
Pricing is one of the most important aspects of any business. It can make or break a company, being the difference between success and failure.
Getting Customers to Remain Customers for Longer
An estimated 1 in 5 customers don’t purchase for a 2nd time resulting in a 20% customer defection rate. Most of this 20% is because they are unhappy with the service they received, and a perception of indifference towards them.
Getting Customers to Spend More
As long as you develop messages that explain why a customer should spend more, increasing your prices should not be seen as the taboo topic it sometimes is.
How Can I Convert More Leads into Sales?
The answer to this question depends on a number of factors, including the quality of your leads, your sales process, and the effectiveness of your sales team.