New Year, New Start! 2024 a strong year, are you ready?

Setting your strategic intent, tackling energy prices, and selecting the right broker to sell your business?

Preparing for Exit?

The vast majority of entrepreneurs will only build up and sell one business. It’s a complicated undertaking, often with a strong emotional aspect too. Choosing the right broker to work with is one of the many challenges of the process. We regularly speak to business owners who have signed up with a broker to sell their business but have not got the results that they want. We’ve worked with many business owners to prepare their businesses for sale and have built a network of trusted partners to ensure owners get the best outcomes.??

Find out more about the potential pitfalls, the triple hit of using the wrong broker, and how to find the right broker in our latest insight article.??

Achieving Growth?

Now is the time to set out your strategic intent for 2024 and the next three years. Get working ON your business, not just in it. Make sure you’ve got your one-year and three-year action plans in place.??

Get on the front foot with your business purpose, especially from an environmental standpoint. Environmental Social and Governance (ESG) issues should be a big focus for you if they aren’t already. Your competitors will be addressing ESG and your customers, especially big corporates, will be expecting you to be on top of it if you are to work with them. Regulation in this area is developing and it is simply too big an area to avoid if you want to succeed in 2024. You need to know what the ESG agenda means for you and your team. We can help you understand your ESG agenda with our experienced advisors and through our partnership with eevery. We’ll help you benchmark your activity, identify your gaps and opportunities and work with you on a solid action plan going forward.???

Another important area of focus in 2024 should be your people. Having a solid grip on ESG will help your recruitment and retention as these issues become increasingly important for people. But also don’t lose sight of the basics of keeping your people happy and productive. Look at how you can support wellbeing, flexible working and mental health. Attracting and retaining good staff is vital.??

Tackling Challenges?

We're all aware of the increase in energy costs over the last few years and the associated environmental challenges. Embracing the full breadth of ESG issues can have real, immediate bottom line impacts, including when applied to energy and energy efficiency.? Businesses are seeing the value of understanding the impact of their energy footprint, emissions and opportunities for driving further efficiencies on the future success of their business and profitability.? This can include the development of a Net Zero strategy and/or Carbon Reduction Plan for your business, aligned with the commitments made by the UK Government to achieve a Net Zero economy by 2050.?

Ask yourself, do you have a clear sense of where you are today on that journey? Do you know what your plans are for further development and enhancement to your energy efficiency within your operations of your business??

Here’s five prompts to get the ESG conversation started in your SME.?

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Wondering what your business is currently worth? We offer a free consultation and business valuation to SMEs who are looking to grow, turnaround or exit. Contact us via [email protected] to book in.?