Mentoring, Business Valuation and Knowing when to say ‘yes’

Business valuation can be particularly challenging when dealing with new or very young businesses with little or no trading history. Let’s look at a scenario I came across recently where a young entrepreneur with a fledgling business had been taken under the wing of a more seasoned business mentor who offered to open a few doors and bring business experience to the table. The relationship was developing nicely when some papers were put forward requiring […]

Business valuation and the bigger picture

I have a client who owns a profitable company. The company has been trading a few years and turnover varies between £1 and £2 million. The company acts as a specialist supplier to other companies and there have been two approaches over the years from customers who have spotted synergies while working with the company. My client is not averse to selling, so what’s the dilemma? Timing Firstly, both approaches have been made during periods […]