Every business needs to have a business plan. Whether it’s to provide direction or attract investors, a business plan is vital for the success of your company. With 2019 underway, it might be time to rethink your approach and refine your current business plan. So why not take time to look over your business plan…
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It’s clear that starting up a business is becoming increasingly more popular than going off to work for a fully grown company. With young, innovative entrepreneurs hungry to get their game changing product and/or service out into the market, it’s becoming the new trend, individuals love starting their own businesses. According to research conducted by…
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Too many family business owners don’t think of succession planning. For reflective business owners, this backward/ forward dynamic usually leads to a much-needed review of operations. Business owners everywhere could stand to take some time to ask the fundamental question: What can we be doing better? However, not all business owners think that far ahead…
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The selling process can vary from business to business, yet some common challenges in all business sales include deciding how to market your business and find the ideal buyer. As a key transition point in most business owner’s lives, exiting their business can be quite a challenging endeavor. The owner has worked for years growing,…
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When starting up a business it’s wise to think, strategically and in a risk prevention manner, about all the bumps in the road that could potentially damage your business before it’s even begun. Any one of them could sabotage your new business venture and turn it into a failure rather than a success. The start-up…
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The small businesses of today exist in a new financial landscape that forces creative thinking when it comes to funding. Traditionally, SMEs have been the key driver for economic recovery when it comes to growth, but growth activities require cash and cash can be hard to come by. Small businesses have a variety of different…
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EFM is pleased to announce the launch of our new business growth advisory service – EFM Growth. Separate from our more financially focused side of the brand, EFM Growth is a brand new venture with a specialist team, working alongside business owners to help support their growth strategy and overcome a wide range of commercial…
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Background: Malcolm Holloway was introduced by a Venture Capital Fund who were about to put their second round of funding into a SAAS start-up company, but concerns were growing around the company’s financial reporting. I got to meet the team and provide advisory services, which enabled me to attend the monthly board meetings. Challenges: There…
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Background: An online assessment business run by a young tech entrepreneur started up in 2007. This was launched with the support of family funding in the sum of £125,000. The company had also received their first round of external funding support from an Institutional Investor in the sum of £200,000. The business owner had originally…
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