When you start to think about succession or exit planning, the best place to start is where you are today. And the best way to understand that in most small to medium businesses is to get a valuation done. Not just the number, although that’s important, but the process.
What is it that drives the valuation of your business? What does the risk profile look like? Where have you got areas of your business that are over or underperforming? Because all of those things will be quite important when you design a plan to improve the business and get it ready for an exit or succession event.
The place to start is the valuation. Understand exactly what you’re dealing with today so that you can map out the journey going forward before you’re ready to exit.
Darryl Bates-Brownsword
CEO | Succession Plus UK
Darryl is a dynamic, driven Business Mentor and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses. He is a great connector, team builder, problem solver, and inspirer – showing the way through complexity to simplicity.
He has built 2 international multi-million turnover businesses; one now operating in 16 countries. His quick and analytical approach cuts through to the core issues quickly and identifying the context. He challenges the status quo and gets consistent, repeatable and reliable business results.
Originating in Australia, Darryl’s first career was as an Engineer in the Power Industry. Building businesses brought him to the UK in 2003 where he quickly developed a reputation for combining systems thinking with great creativity to get results in challenging situations.
A keen competitive cyclist, he also has a B Eng (Mech) Engineering and an MBA.
