Category: Advice

It’s often a challenge working in the insurance industry, because we essentially provide a product that customers don’t actually want to use. No-one wants their pet to become sick, or their house to suffer a flood or burglary, or their business to experience a cyber-attack.

“A company is people.” That statement is one of many made by Richard Branson during his career that has placed employees front and centre.

In 2023, sustainable toilet paper brand, Who Gives a Crap, struck the CSR jackpot when launching its first global brand campaign.

As the co-founder and CEO of Truly Nuts, I’ve learned that inspiration plays a critical role in turning an idea into a successful company.

An earn out is a purchase price adjustment mechanism commonly used on the sale and purchase of a company where the buyer wishes to make a part of the purchase price contingent on the post-completion performance of the company during a period of between 1 and 3 years.

Of course, employees will often move onto pastures new, whether to broaden their experience, take another step up the ladder or move to a new location. All perfectly valid reasons for switching roles.

There is no easy way to return to “normal” after you have gone through a devastating loss. Your feelings are raw and you may have confused emotions ranging from anger to quiet disbelief and allowing yourself time to grieve is very important.

Every business grapples with a diverse range of financial challenges and no company is fully protected from cash flow issues, late invoice payments, and unexpected costs. 

If you are an owner-managed business but want to maximise sale proceeds at completion (and avoid an earn-out structure) then you need to have bedded-in a new management team ahead of your exit to demonstrate to the buyer that they don’t require you to remain in the business to perform any managerial or sales functions to maintain profitability after completion. 

Starting a business often begins with a spark of inspiration. There are some of us who naturally find new opportunities in everything we see, we think, “What if there was a solution to this problem?” or “How could this be easier for people?” This curiosity then leads us to innovative ideas and potential business ventures.

Business owners consider turnover as a fundamental metric for the growth of their firm. However, beyond this surface-level figure lies a deeper narrative that distinguishes one company from another.

Inheritance is a hot topic as Baby Boomers ponder how best to pass on the proceeds of their life’s work to their business colleagues and family members.