Restructuring or Selling Your Business? We Are Here to Help You Succeed
Running a business comes with many challenges, but it also brings rewarding opportunities—especially when it comes to important decisions like restructuring or selling. With the right guidance and a clear plan, these moments can become turning points that strengthen your business and create new possibilities.
Thinking About Restructuring?
A business restructure is often a sign that you are ready to adapt and grow. Whether your aim is to improve efficiency, reduce costs, or align your team with a new direction, a well-executed restructure can set you up for future success.
Here is a step-by-step guide to help you manage the process with confidence:
Develop a clear proposal. Set out the reasons why a restructure is needed, how roles may change, and how these changes will benefit the business.
Communicate with your team. Notify employees by email that a restructure is being considered. Invite them to a meeting, allowing at least two to three days’ notice so they have time to prepare.
Hold a respectful and open meeting. Present your proposal and encourage questions and feedback. When employees feel included and informed, they are more likely to support the process.
Provide written details of any changes. If you are proposing adjustments to employment terms, these must be documented in writing. Employees should be advised that they are entitled to seek independent advice, and they must be given enough time to do so.
Be open to input. If redundancies are being considered, it is essential to show that you are genuinely considering all options to achieve the best outcome for the business and its employees.
We can assist you through every step of the restructure, ensuring you meet your legal obligations and helping you make informed decisions that support your long-term goals.
Getting Ready to Sell?
Selling your business can be an exciting and rewarding milestone. Whether you are planning to retire, change industries, or pursue a new opportunity, preparing your business properly will help you achieve the best possible outcome.
Here is how to get started:
Review your assets and finances. Sell any unused assets, pause non-essential long-term projects, and prepare a realistic financial forecast for the coming months and years.
Create a strong business plan. Show that your business is well-managed and highlight opportunities for future growth.
Resolve outstanding matters. Finalise any legal, financial, or staffing issues that could affect the sale.
Update your systems. Ensure your health and safety practices, digital tools, and bookkeeping software are current and functioning well.
Strengthen your online presence. Buyers will look at your website and social media profiles to assess how easily they can take over. Make sure everything is up to date and professionally presented.
Improve your profitability. The value of your business is often based on recent profits and what is known as future maintainable earnings. Speak with us about strategies to boost your revenue and profit margin ahead of the sale.
Preparing your business for sale is not just about numbers—it is about presenting a well-run, attractive operation that a buyer can step into with confidence.
Whether you are restructuring to grow or preparing for a successful sale, we are here to help you take the next step with clarity and confidence. Contact us today to get started.
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