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Business ownership is a ‘journey’ in every sense. You need to map your route, follow the signs, and, most importantly of all, take the right exit.
N7’s Ivy Wroe has experienced all of the above during her career, and she was recently invited to share her story at an event in Spinningfields, Manchester.
Business Owners and Their Exit Stories, hosted by Kay Johnson Gee’s Corporate Finance Partner Steven Lindsay, saw four entrepreneurs take to the stage to discuss their exit plan. Here, we explore the key takeaways for any business owner considering their own exit strategy later down the line.
There’s a lot of truth to the old adage: turnover is vanity, profit is sanity. Truer still, is the high number of business owners who quickly lose sight of this mantra.
There are many companies out there generating profits five or six times less than their overall value. To pursue the long-term goals you have as a business, you need to focus on raising profit: as this is what reigns supreme in the corporate world.
In our latest blog we offer three solutions for maximising your margins.