Scaling, mitigating bad credit and selling your business once

Welcome to the latest Watering Hole. Today we're looking at scaling your business, mitigating the impact of bad business credit, and selling your business once.??

Achieving Growth?

How can you scale your business? Is it just about money? One challenge might be that your directors don't share the same vision for growing the business. Our Chief Commercial Officer, Richard Murray explains some of the common themes that crop up for businesses who want to grow, and how we can help.

?

??

Tackling Challenges?

Your business credit score plays a vital role in determining how suppliers perceive your financial stability and reliability as a partner. So how can you mitigate the effects of bad business credit??

1. Take steps to build a good business credit score including making timely payments and reducing outstanding debt?

1. Communicate openly?

1. Explore your loan options?

1. Establish strategic partnerships with suppliers who are willing to work with your current credit situation?

We work with Capitalise to help businesses to understand and improve the health of their finances. You can find out more about how we do this here.??

Or please contact Nick Hunt , Chief Strategy and Impact Officer, to discuss your circumstances in confidence.?

??

Preparing for Exit?

You can only sell your business once. That's the theme of an event we are hosting on 23rd November. The keynote speaker is Chris Paton who will share his journey from Lieutenant Colonel in the Royal Marines to successful entrepreneur.? Hugh Griffiths will give an overview of the work he is doing with the Cabinet Office to ensure SMEs can more easily access and win government contracts. Our Chief Commercial Officer Richard Murray will talk about current market conditions and how you can successfully grow your business in a valuable way, that affords you the chance to go further or enjoy that value through exit. If you'd like to join us at this free event, please sign up at https://www.eventbrite.co.uk/e/you-can-only-sell-your-business-once-tickets-730325111067?aff=lin

Spaces are limited so please do register if you plan to come along.??

?

If you have any questions about growing your business or planning to exit your business, please get in touch?