Advivo Managing Partner, Leon Stephan, outlines what to keep in mind when deciding whether to review your current structure. Capital and debt structuring can be difficult concepts to comprehend as a business owner; it is a highly specialised area relying on many years of experience, training, and expertise gained over that time. Although you may…
Advivo Partner, Chris Morris, outlines the essentials for successful CEO succession planning in small businesses. CEO succession planning is not solely the terrain of large corporations; it holds equal importance for small businesses. While the scale may differ, the impact of leadership transitions on small enterprises can be equally profound, if not more important to…
Advivo Managing Partner, Leon Stephan, outlines the considerations you must make when it comes to the timing of your succession plan. Most small business owners make more (after allowance for their normal commercial wages for time spent working in the business) out of the sale of their business rather than operating the business. So, it…
Advivo Partner, Dale Edwards, explains how to navigate when your children aren’t interested in being part of your business’s succession plan. For many entrepreneurs, the dream isn’t just about building a successful business; it’s about creating a lasting legacy that can be passed down through generations. However, what happens when the next generation doesn’t…
Advivo explains the key differences between a business succession plan and an exit strategy, and why you need both for your business. Deciding when and how to move on from your business can be one of the most complex and important decisions you will make. Proper planning and preparation can help you achieve your…
Advivo outlines 5 key skills you should pass on to help ensure a smooth succession for your business. Did you know that 1 in 4 business leaders don’t have a succession plan in place? At Advivo we know that business succession planning can be a daunting and overwhelming task. That’s why we have carefully…
Advivo Partner, Chris Morris, explains how you can effectively prepare your business for the event of an emergency transition. As business advisors and accountants, Advivo plays a critical role in guiding organisations through emergency transitions. These transitions can arise unexpectedly due to various factors, including the sudden illness or unfortunate demise of key individuals,…
Advivo Partner, Dale Edwards, explains how you can effectively protect your business’s interests during a merger. Mergers and acquisitions are a frequent strategy for companies looking to expand their market reach, drive growth, and gain a competitive edge. As we often say, a good way to achieve a 1+1 = 3, 4, 5 or…
Advivo Managing Partner, Leon Stephen, helps you to weigh up whether a joint venture, strategic alliance or partnership is best for growing your business. In previous blogs, we have discussed many strategies for growing your business, and ultimately they fall into two distinct categories. The most common is the slower ‘organic’ growth path -deploying…
Advivo outlines strategies for recovering when your business experiences unexpected financial loss. Unexpected financial losses can strike even the most prepared business. Due to circumstances beyond their control, businesses can suddenly find themselves facing substantial, unplanned costs – in fact, 66% of small businesses face financial challenges. But while the initial loss can feel devastating,…
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