Setting Up a Business

But the truth is, it’s not that simple. There’s much more involved to give you the all-important number. The main element that sets you on the right path is using someone who understands your business, inside and out.  A more useful question is what affects the value of the business? Turnover, profit, debt levels, customer base and demand all play an important role in the value of a business. But there are also plenty of external factors that are less concrete such as market conditions and the state of the industry you’re in. In essence, valuing a business takes lots of consideration and there are tonnes of variables that influence it. A lot of businesses will need a valuation at some point – whether it’s to seek investment, to prepare for sale or to even work out how a business will be split if one of the owners decides to part ways. With our legal and corporate finance team, we’re able to assess your business, take a look behind the curtain and dig into the numbers so we can give you a realistic value for your business.

But it’s a valid question that business owners will want to know before they embark on the path of selling or buying a business. In terms of the actual deal itself, it can take anywhere between 6 and 9 months. The length of time it takes varies depending on several factors. The size and complexity of the business, market conditions, the level of interest from potential buyers, and the readiness of both the seller. With the right preparation, an eye for the details and well-structured plan, business owners can increase the chance of a timely sale. Ultimately though, the time it take is unique to each individual case.

I’m sure you’re sick to death of hearing about the Cloud. With any new accounting technology there are always questions, and with Cloud Accounting, the topic of security always crops. The good news is that Cloud Accounting is more secure than traditional accounting methods. Rather than your data living on the hard drive of the computer you use, with Cloud Accounting the data lives in the servers. So even if you’re computer suddenly sets on fire, as long as you have your passwords, you’ll still be able to access all of your data on any other device. Cloud-based servers put a lot of effort into making sure your data is secure, so there is no need to worry about whether your financial information is safe.