There comes a time for most entrepreneurs to exit their business; whether to release funds for a new venture, retirement or some other reason. But to get the best price requires considerable preparation when declaring a business for sale.
Darren Westlake, co-founder of Crowdcube, explains why equity crowdfunding has reached a tipping point – by looking at the kind of businesses raising funds, the partnerships being developed and the prospect of exits on the horizon.
New research has found that 73 per cent of technology businesses acquired or floated in 2014 were not the recipients of either venture capital, private equity or growth capital prior to exit.
Investors are toasting some big-money exits this year. Perhaps unsurprisingly, tech companies have flooded the list. From Apple's acquisitions of Beats to Facebook and Whatsapp, here are six VC-backed exits – featuring two UK businesses.
When considering an exit, you should consider all options open to you, so that the best exit route can be selected. Selling the business to a strategic acquirer, while a popular choice, is not the only exit route.
Tom Phipps, a director at Livingstone London, considers the best reasons and timings for moving on.
Steve Dolton recently underwent his fifth exit as CFO, this time with National Accident Helpline. He shares his tips for preparing a business for sale.
One of the key responsibilities of being a CFO of a private-equity backed company is to guide and lead the business through an exit process to crystallise the value that has been created for the shareholders.
Working as I do in corporate sales, I have multiple times become the Chris Tarrant of my world and helped to make 100s of clients millionaires by finding the buyer of their dreams, says Jo Haigh.
“By failing to prepare, you are preparing to fail” – Benjamin Franklin
Jo Haigh's take on the lifetime of a business deal.
If you own a business, even if you’re not thinking of selling, or if the business is new, it’s wise to have an exit plan. But let’s assume you’ve taken a step further and are ready to sell within the next twelve months.