How to groom your business for sale

Top Tips

1. Start the planning and preparation a few years before you intend to sell. This will help you sell up quickly when the time is right.

2. Look for any aspects of the business that prospective buyers may see as negatives and try to improve these areas. For example, expand your customer base to ensure the business is not over-reliant on a few big customers.

3. Aim to increase the company’s profitability year-on-year. Sell up when profit is still likely in the years ahead — if your business is stagnant, it will either be impossible to sell or you won’t reap the rewards you hoped for.

4. As the time to sell up approaches concentrate on short-term results — avoid taking on extra staff or spending lots of money on advertising.

5. Make sure the company accounts are in order, up to date and give a true picture of the business. Aim to show a stable financial pattern throughout the year delaying or bringing forward purchases if necessary.

6. Sell off under-used property or equipment. Improve your working-capital position with good stock control and tighter credit control.

7. Present the businesses assets in the best possible light. Make sure equipment and buildings are well maintained.

8. Try to look at the company as an outsider and aim to rectify anything that looks risky. For example, turn informal deals with suppliers into formal business contracts.

9. Establish incentive schemes to encourage key employees to stay with the business. Aim to get all staff on long-term contracts so the buyer knows they will already have a ready-made and knowledgeable team.

10. Do a final check for any loose ends that might deter a prospective buyer. For example, if the lease on your business premises is due to expire, check the landlord is happy to renew it.

Making Use of CRM Management Software

IT Consultancy in Romford
3, Holgate Court
4 – 10 Western Rd
Romford,Essex
RM1 3JS
UK
Phone: 01708 759760

Providers of CRM management software understand the needs of each business. This is why they have tailored their products so that they can easily be integrated with other technologies and give small businesses the services that can grow it. Days when CRM used to belong to the large enterprises are long gone. Technology has made the cost of the software to come down, is no longer complex and is easy to deploy and use.

CRM management software is affordable accessible and easier to use. This is why businesses find the tool to be of great use in their day to day activities. Currently, the providers are focusing on availing customer relationship management packages designed for both small and mid-size ventures.

It should be noted that every business requires some form of customer relationship software that can increase the efficiency of the business in service provision. CRM is ideal for helping the business to manage and maintain the customer’s records. It is capable of the following functions:

  • Tracking and managing the customer contacts
  • Can be specific to a customer or a company project
  • Is often data based

Despite the many uses you can deploy the CRM software to; there are a few pitfalls you need to check out.CRM management software

Deploying the software without real users will be useless to the business. Thus, you need to engage someone who can maximize the benefits that can accrue from using the software.

  • Each user must have his own software this is to avoid instances of the data being spotty.
  • It may need time and money to appropriately ensure the quality of data.
  • Integrating the CRM software into your system may not be as easy as it is said. In fact it may require spending of more resources.

Thus, before you choose the CRM software to deploy in your business, it is vital to consider the following:

API – ensure that your CRM has an Application Program Interface that allows your CRM to link with other systems so that you can eliminate the need enter the same information in the system more than once.

Multiple contact information – Your CRM software should allow you to access and organize person’s information by name. This is what will make it easy for you to view all the interactions taking place with a particular client.

The Dashboard – A good CRM software should provide a summary of sales opportunities that are available to the company . It should also provide information on the employees working on the opportunities so that the company can utilize them.

Girl power

Solicitors in Romford
8, Holgate Court
4-10 Western Rd
Romford,Essex
RM1 3JS
UK
Phone: 01708 727269

family law romfordRecently new legislation enabling parents to be punished if daughters are cut, which includes a package of action and funding to protect millions of girls at home and abroad from female genital mutilation and forced marriage, has been announced by the Prime Minister, International Development Secretary Justine Greening and Home Secretary Theresa May at the Girl Summit 2014.

What does this mean for family law? Here at McCorry Connolly solicitors we can help you navigate the new legislation and offer sound advice on this area of family law should you need it.

Female genital mutilation (FGM) is a crime in this country. It is also a crime to take a British national or permanent resident abroad for FGM or to help someone trying to do this.

You could be sentenced to 14 years in prison for mutilating a woman or child in this way or for helping someone to do it which has ramifications for family law.

FGM is any procedure that is meant to change or injure a girl’s or woman’s genital organs for non-medical reasons. It is sometimes called ‘female circumcision’ or ‘female genital cutting’. It’s mostly carried out on young girls.
FGM procedures can cause:

  • Severe bleeding
  • Infections
  • Problems with giving birth later in life – including the death of the baby.

The announced steps to stop these practices include:

  • a £1.4 million FGM Prevention Programme, launched in partnership with NHS England to help care for survivors and safeguard those at risk
  • a mandatory duty on doctors, teachers and others to report instances of FGM
  • new police guidance from the College of Policing and an inspection programme by Her Majesty’s Inspectorate of Constabulary (HMIC) that will look at how the police handle cases of FGM
  • a consultation on proposals to introduce new civil orders designed to protect girls identified as being at risk of FGM
  • new legislation that will mean parents can be prosecuted if they fail to prevent their daughter being cut
  • new legislation to grant victims of FGM lifelong anonymity from the time an allegation is made
  • a new specialist FGM service which will include social services, to proactively identify and respond to FGM; this will be supported by an ongoing package of work led by the Chief Social Worker Isabelle Trowler
  • new programmes to prevent child and forced marriage in 12 developing countries
  • an international charter calling for the eradication of these practices within a generation.

We specialise in all aspects of family law. Don’t hesitate to contact us today with any of your family legal challenges.