Category, Exit Planning

How To Prepare Your Business And Team For An MBO

A management buyout is the process for your management team to buy the business from the business owner. It is a smooth transaction and can reassure business owners, employees, and their target audience that the company will be left in capable hands. MBO’s ensure quality service and company standards and values continue. As this is an internal process, owners need to help prepare their businesses and employees before exiting the business.

Why Choose hgkc To Help With Your Exit?

Business owners often fail to plan their exits and can end up not getting fair value for the business that they have invested their time and money building. Those that do plan need help and often turn to a third party. This help can be either financial advisors, lawyers, or business consultants. We recommend an exit strategy should be prepared 3-5 years in advance to gives you time to identify and address any potential problems, whilst also developing your business to increase value. hgkc is a business consultancy providing practical advice to help businesses overcome their challenges and increase growth. We specialise in innovation, leadership, and exit strategies.

Why You Need To Communicate Your Exit Plan

For a business to run successfully, business owners need to clearly communicate their goals and aspirations with their employees, particularly their management team. This is particularly important when it comes to your exit from the business. However, to truly have a successful exit you need to understand what to say, to whom, and most importantly at what point of your exit. Communicating not only helps your people to prepare for your departure from the company it can help them get ready for what comes next. But when you communicate is just as important as what you say.

Finding The Right Buyer For Your Business

When preparing for a trade sale, you want to ensure that you have the right buyer. It is important when exit planning that you leave your current management team and employees feeling secure and happy with the buyer you’ve lined up. Your team need to feel protected and free to develop and grow under the business’ new owner. To ensure you have found the right buyer for your business, follow these tips to guarantee you get the most value for your company.

Exit planning - the biggest transaction?

In collaboration with Matt West at Metro Bank, with special guest Jason Milkins from Roxburgh Milkins, we hosted a roundtable looking at how to successfully plan your exit from your business. COVID-19 has had a huge impact on business owners, influencing many to start thinking about their Exit Strategy now. Long standing owners and business leaders are struggling with whether to scale down their business or expand and create a legacy before leaving.

hgkc was born from the realisation that together our combined practical experience and knowledge can offer our clients a broader, deeper and richer experience that will deliver better results faster.