How many times in the last couple of years have you thought to yourself “I wish I could just walk away”? Then reality sets in and you realise that what with redundancy payments, lease agreements and paying off creditors there would be very little (if any!) monies left.
Throughout the last couple of years all businesses have suffered; especially in the small to medium sector. Banks have either reduced or taken away business overdrafts and this has left them with a whole new set of problems, on top of which, HMRC have withdrawn their TTP (Time To Pay Scheme) and because everyone is suffering at the moment, your creditors also want paying quicker.
Tenable Business Support Service sole aim is to assist businesses to survive and prosper but we have realised that now more than ever, there is a need for elegant exit strategies.
Before I go any further in introducing my firm, I would like to firstly state that we are not “asset strippers”, we have no intention of disposing of any assets or customers order books; if anything it’s quite the opposite! We have a network of businesses across a wide variety of trades and with this knowledge and expertise we could help bring in more business.
Using our wealth of knowledge we have created a tailor made packages to suit your individual needs. If your business is struggling and has debts we can arrange for you to leave the business with (pardon the brashness) more cash in your pocket than if you were to close it. If you are close to retiring age you could stay and work within the business whilst still receiving money for it! We are flexible with our ideas and will make a bespoke plan based on your ideals and ethics. We also understand that there are many personal issues to address prior to you even considering selling your business and we can help you to make informed decisions. I am sure in the past you will have thought about the future and how you will generate a regular income should you sell your business – you may feel that after being in business so long you are “unemployable”; that may not be the case and there are a variety of options available!
Lastly I would like to thank you for taking the time to read this article; I hope that you have found the contents to be thought provoking. If you would like to discuss the above matter further then please do not hesitate to contact the office on freephone 0800 4 96 95 94 during office hours, out of office hours you can contact me direct on my mobile 07595 793236 until 9pm in the evening and on weekends too.
Showing posts with label selling a failing business. Show all posts
Showing posts with label selling a failing business. Show all posts
Friday, 28 January 2011
Thursday, 2 December 2010
ARE YOU WANTING TO SELL YOUR BUSINESS BUT DON'T KNOW WHERE TO TURN?
There are lots of reasons why business owners may choose to sell their business, it could be retirement or ill health or it may just be to release some equity that you have tied up in it. Wecanbuyyourbusiness.co.uk offers a unique service to business owners. The pivotal difference is that your business doesn’t have to be making a profit! They understand that in this uncertain economic climate many businesses are failing and can be a noose around many business owners’ necks. They ease the pressure and in turn reward you for the hard work that you have put in over the years.
Being in business can be tough. Many of the business owners they speak to have sacrificed so many things in their personal lives in the quest for their business to become profitable – the stress and pressure that this causes is immense and they understand that sometimes the burden can be too much; especially if the business is failing.
A business can be the biggest asset that people own and as such selling your business should be treated with caution. It is important that you speak to experts who can offer a professional and viable solution for you. Wecanbuyyourbusiness.co.uk has years of experience and have successfully acquired many businesses. Each acquisition is unique and they listen carefully to your wants and needs and a plan is made to ensure that you are completely happy with the outcome. If you are retiring then they understand that it may be important for the good name and reputation of your business be kept – this is understandable as you will have worked long, hard hours to build this up!
For more information or for an informal chat log onto the website and send an enquiry and you will be contacted within 24 hours.
Being in business can be tough. Many of the business owners they speak to have sacrificed so many things in their personal lives in the quest for their business to become profitable – the stress and pressure that this causes is immense and they understand that sometimes the burden can be too much; especially if the business is failing.
A business can be the biggest asset that people own and as such selling your business should be treated with caution. It is important that you speak to experts who can offer a professional and viable solution for you. Wecanbuyyourbusiness.co.uk has years of experience and have successfully acquired many businesses. Each acquisition is unique and they listen carefully to your wants and needs and a plan is made to ensure that you are completely happy with the outcome. If you are retiring then they understand that it may be important for the good name and reputation of your business be kept – this is understandable as you will have worked long, hard hours to build this up!
For more information or for an informal chat log onto the website and send an enquiry and you will be contacted within 24 hours.
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