Virgil Bethanie enables SME's and large businesses to improve performances, accelerate growth and create sustainable long-term value.
In the complex journey of growing a small and medium-sized enterprise (SME), the wisdom of seeking expertise is undeniable. Much like we entrust our health to doctors and our cars to mechanics, the path to business prosperity demands a specialized touch. This is where the invaluable partnership with professional accountants and trusted business advisors becomes your cornerstone for success.
Insights derived from data and information drives business and organisational success, enables effective and efficient problem-solving and decision-making. Data-led decisions produce better outcomes for all stakeholders including small-and-medium-sized businesses (SME’s).
To thrive in this new digital economy, data and the proliferation of information must be strategically harnessed and utilised to drive more informed decisions that create sustainable value for customers, employees, shareholders, investors, and other stakeholders. It also increases chances of raising finance from lenders and obtain credit from providers of credit.
Organisations and businesses including SME’s continually experience a range of challenges, problems and/or obstacles. These challenges and obstacles make it difficult for these entities to achieve its organisational, operational, strategic and/or financial goals. Examples of such challenges include:
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When you want to extract problematic teeth, you do not do-it-yourself (DIY) or learn dentistry, you visit a dentist. When you want to fix your expensive luxury car, you do not DIY or learn how to fix your vehicle, you take it to a specialist auto technician or mechanic. When you want build a new house or property, you do not DIY or learn how to construct property, you appoint a reputable builder or construction company.
The same principle applies when you want to grow and prosper a small and medium sized enterprise (SME).
Continue reading “Don’t go it alone to grow your business”
The macroeconomic environment is under severe pressure and consequently it is becoming increasingly difficult for SME’s to trade under these conditions. It is no longer business as usual for SME’s. There are ominous signals that the macroeconomic environment is bleeding and SME’s must, therefore, take appropriate and urgent action in order to survive:
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“Price is what you pay. Value is what you get” said Warren Buffett
When you are considering buying or investing in an identified unlisted business it is important to pay the right price for the business or equity of the business. Over-paying for a business will not only reduce the expected returns on the investment but also increase the investment recovery period and financial risk of the investment. Whether you are a financial or strategic buyer, it is critical to have a strategic rationale to acquire a business. A strategic rationale will assist in assessing whether the purchase price of a business is a fair market price.
Continue reading “Use a credible valuation to successfully buy or sell a business”
