Seeking an exit? Should you fly the coop or sit tight?
Many entrepreneurs start with a sale of their business in mind. Others will have founded and run their business for many years and have strong emotional ties.
Whatever the circumstances, many owners will seek to sell their business at some point and it will often be the most important financial transaction of their life. Last week, Nando’s hit the headlines with a, latterly, much denied rumour of a London listing. In reality, IPOs are a bit like the US presidential process – long, painful and difficult. They are also more often than not about funding for growth, rather than an exit end-game. So if you are considering selling your business, what are your other options?
The Nando’s story perhaps underlines another theme – that the UK economy is in, perhaps, surprisingly good health. IPO’s, not least for expansive retail chains in a highly competitive arena, are not that common, especially in times of economic uncertainty.
This is reflected in the results of our latest Enterprise Index, which provides a view direct from SMEs and entrepreneurs (well, you) about your outlook for your businesses and the economy. Confidence amongst our respondents in their own business prospects grew in the quarter and for the coming year, but there was one area of concern that united them. Find out more below.
If you’re not yet ready to sell, but want to prepare or scale your business for the future, come to our Business Growth Programme event, courtesy of Cranfield. For further information or to register click here
I don’t know about anyone else but I’m hungry (if nothing else the rumours may have fuelled Nando’s profile further in the short term!).
Until next time...