On Wednesday 24th January with hosted a seminar at the Marriott Hotel in Portsmouth about ‘How to Increase The Value of Your Business’ in Partnership with Kingsbrook.
The whole event was a massive success with many businesses across Portsmouth and Chichester in attendance.
Sarah, who is one of our coaches who specialises in our Valuebuilder product started off the morning by showing how preparing your business for sale will highlight any weaknesses that you can tackle before the sale which will ultimately increase the value of your business.
Value Builder is a tool that has been used by thousands of businesses across the world to help them increase their overall profits. One of the main key points Sarah mentioned was the importance of removing yourself as a key person in the business.
As a business owner, you might find that every problem falls back onto you or you have an employee who only knows how a fundamental area of the business works. Both of these things can cause a risk within your business if you are unable to delicate tasks. This might create a difficult position when selling as if you want to walk away, a buyer might feel like the business won’t be able to run efficiently due to the operations not being streamlined, this is similar to having an employee that only knows how a certain area of the business works.
Additionally, if your business solely relies on another organisation to run this is a massive risk as if this business fails, your business will be under the chopping block.
By delegating tasks and reducing your reliance on people and other organisations, you will reduce risk significantly.
After a break, we welcome Chris Taylor from Kingsbrook to present. Kingsbrook is a family-run business that has been running for the last 30 years and has helped over 1,500 businesses in the UK secure a buyer and get over the finishing line.
There are many factors as to why a business owner would like to sell, a lifestyle change, an entrepreneur no longer gets fulfilment due to management politics or it is simply because the business growth has allowed an opportunity for the owner to step away.
Kingsbrook uses its 30 years of experience and contacts to market businesses to the right buyer. They find the value in asking the right questions and ensuring that the new buyer ‘knows why’ they want to purchase the company as well as how they will positively impact it.
When selling a business, many business owners struggle with due diligence. Kingsbrook understands this and provides a team of experts to help you along the way providing you with a Project Manager, Researches and Business Analysts who all help prepare the company for sale through to the completion of the sale.
ActionCOACH Portsmouth and Chichester and Kingsbrook have formed a partnership with one another to ensure that all businesses are in the best position possible to maximise the overall value.
Working alongside one of our coaches will help your business’s operations so it can continue to function without you as a key member of the team, all while continuing with growth overall. When the business is ready, Kingbrook will then work alongside you to get your company onto the market.
More About ActionCOACH Portsmouth & Chichester
ActionCoach Portsmouth and Chichester is a leading business coaching company that helps businesses in Hampshire and West Sussex across multiple industries.
Our expert team of business coaches work closely with business owners who are looking to sell their businesses. Together they work in collaboration to build a robust strategy that has a clear end goal of maximising the value of the business.
We host a number of valuable events that we invite everyone to join. Find out more about out 2024 events here.
Contact Us Today!
If you would like to speak to Sarah or one of our coaches today about Value Builder or starting business coaching contact us today!
Remember we do offer a FREE business coaching session.
