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Forbes Burton's title: Business Advisers & Strategy Consultants | Forbes Burton
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In an unexpected turn of events, it seems that failed jewellery firm, Claire’s, is set to return to UK high streets mere weeks after collapsing into administration. The well-known accessory shop closed all 154 of its stores and laid 1,300 staff off after a buyer wasn’t found to take on the ailing business. Owners, Modella […]
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No matter how well your company is doing, it’s always worth having some business exit strategies in place. Whether it be a long-term strategy that ensures you can eventually extract the most value possible from your company, or a contingency plan in case things don’t go to script, a business exit strategy should be something […]
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In short: Be strict with invoices to avoid cash flow problems. Some industries, such as construction, are vulnerable to late payments when starting new projects is so costly. Consider opening an extra business account to siphon off 20% for each job into. VAT bills are then automatically accounted for. Have reserves in place for global […]
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Traditionally the preserve of large corporations, cybersecurity isn’t something that smaller businesses have ever really needed to worry about that much. That could be set to change soon, however, as UK Technology Secretary, Liz Kendall recently warned that British businesses of all sizes are now under threat. Advances in AI have now intensified the risk […]
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In short: There are several differences between the closure of an independent and franchise business. Most arise from the inclusion of a franchise agreement, which can differ greatly between franchises. Franchise model exit costs include early termination fees, projected lost royalties, admin fees and delivery costs of returning the franchisor’s assets. Business closure speci...