This podcast is sponsored by The Empire Project. The Empire Project is a Business Strategy Consultancy that supports Entrepreneurs to buy and sell businesses successfully. We also offer 121 Empire Building and Exit Strategy planning sessions. Our signature program is the M&A Masterclass for Buyers and Sellers where you can learn how to successfully buy or sell a business. The masterclass has 12 modules and includes all the tools and templates you need to implement your empire building or exit strategy. You can also advertise your business for sale in our business marketplace to access our database of Buyers looking for opportunities to grow their Empires. Every week we will bring to you fun and fabulous insights into the world of Mergers and Acquisitions. But we will be removing the jargon and making the process easy to understand so you feel supported and informed to grow your Empire and increase the chances of selling your business when you want to Exit. I cannot wait to share my experiences with you and also introduce you to some special guests along the way.
In this episode I talk about the basics of Mergers and Acquisitions (Buying and Selling Businesses). This includes the two types of transaction, what is due diligence and how you should use due diligence to structure the deal. I also discuss at really high level overview of some of the types of deal structure used in negotiations. If you have any questions on this I run a M&A Mentor drop in clinic every Monday at 4pm UK time live on Zoom where you can get your questions answered for free. You can book to attend at https://theempireproject.co.uk
In this episode we are going to talk about the 5 methods to calculate what your business is worth. Why you need to calculate an aspirational financial target for your future plans and use that to set your annual strategic goals in your business. We talk about how often you need to calculate your business valuation and what can impact your valuation. If you are an existing business owner I would recommend carrying out reverse due diligence on your business to mitigate any risks in your business and maximise the opportunities.
In episode 3 we are going to talk about how fear can have an negative impact on Entrepreneurs with a particular focus on buying and selling businesses. The number of acquisitions in the UK is far behind our Global counterparts and that is often due to fear of failure. The number of business closures in the UK where the owner shuts the doors instead of selling their business is extremely high and has been costing the economy £64 million per year in turnover that could have been passed into the hands of new ownership. Often a business owner will wait too long to implement an exit strategy and this has a negative impact on the final valuation of their business and it is fear of the unknown post business ownership that causes this to happen.
In episode 2 we are going to talk about Mergers and Acquisitions strategies. We also discuss how the world's largest empire builders actually scaled through acquisition and not through organic growth. And we cover the 6 benefits of buying an existing business. The fastest way to scale a business is actually through M&A but its a strategy that not many people implement and I will discuss why in episode 3 so stay tuned.
All Business Owners should have an Exit Strategy in their business plan, ideally from the outset. An Exit Strategy is the what, how, when and why you would exit your business. This episode talks about the 5 most common reasons business owners exit their business and the 6 different ways that you can exit your business. When you have decided on the type of exit strategy that you are working towards then you need to get informed on how this will personally impact you after an exit of your business.
In this episode we talk about what should be included in your exit strategy. It typically takes 3 years to prepare a business for sale so you need to create an exit strategy for your business as soon as possible. So if you don't already have an exit strategy they listen in to this episode as we cover the why, what, when and how you might exit your business. If you would like help to plan your exit strategy you can visit our website for more details.
In this episode we talk about the 6 reasons you should consider buying a business. This could either be to bolt on an existing operation or instead of launching a new business from a cold start. If you are up to the challenge. Head over to our website to find out more about how we can help you build your EMpire.
In episode 1 we briefly introduce you to the EMpire project. Mergers and Acquisitions sounds like a scary word used by men in suits trading stocks and shares in a frenzy. When in fact that couldn't be further from the truth. In fact women actually are more successful at buying and selling businesses as they are risk averse and manage change effectively. So if that is the case why do women in business typically liquidate and wind up the company as their Exit Strategy? Emma is on a mission to change that so stay tuned as we bring you an episode every week to make Empires and Exits Exciting!