From preparing your business for sale, business valuations through to a sale, whether trade sale, sale to employees or a management buyout – vfdnet Finance Directors have the expertise. They work with SME business owners leading and project managing the process with specialist lawyers and other external partners as needed.
How are successful medium sized businesses run? What makes them different from the successful entrepreneurial run business? How can you, as a successful entrepreneur, transform your business into a medium sized business with a capable board or management team? As virtual finance directors we regularly work with owners to help transform their governance, working as a part time member of their team. This may well be part of a plan to help you prepare your business for sale.
You want to achieve the best value for your exit, but how do you ensure that you receive the amount you initially agree? How do professional businesses acquire a target? What Due Diligence (DD) is likely and what will they ask you for? All our virtual finance directors have experience of buying and selling businesses, typically managing the DD process, so are ideally placed to help you successfully navigate the due diligence process. We normally start with our diagnostic tool Exit ReadiMap ® which maps key strengths and rapidly highlights areas for improvement.
Employee Ownership Trusts (EOTs) or otherwise known as a Sale to Employees are an increasingly popular option for business owners. We have built expertise in project managing the process on behalf of the business owner, ensuring all stakeholders are represented in the final deal through The Grand Bargain and have a trusted network of specialists in this area.
You want your Management Buy Out to happen, but where can you find the funds you need? How do you value the business? How can your secure the backing of key stakeholders? Lenders and investors are professionals who will only lend or invest in businesses where they rate the management. This is where adding a virtual finance director (VFD) to your team will really boost your chances of landing the deal. Our experienced VFDs work with Lenders and Private Equity providers to secure funds, and love making good deals happen.
How can you really engage your employees and ensure that they share your motivation as a business owner? vfdnet virtual Finance Directors guide you understanding the business goals and your needs as the business owner.
How can you really engage your employees and ensure that they share your motivation as business owner? We believe that employee rewards or bonus should be objective, transparent and linked to the achievement of the business owners’ goals. Our virtual finance directors use a decision tree methodology to tailor our tried and tested profit share or bonus schemes to fit your needs as business owner.
Are you considering issuing Shares to your senior employees or Directors? What are the Pros and Cons of issuing Shares or Share Options? What are the possible ‘Bear traps’ that many unwary business owners fall into? As virtual finance directors we bring business owners up to speed with a briefing white paper, design the best scheme for you using our decision tree methodology, before co-ordinating professional support to efficiently implement your bespoke scheme.
Do you forecast your business cash flow? Do you ever have unexpected VAT or PAYE bills? Is your balance sheet accurate? Do you trust your accounts? Imagine having your own experienced Finance Function, generating accurate, timely and meaningful monthly accounts, enabling you to take strategic business decisions with your virtual finance director! As well as reducing your stress and improving business decisions, transforming your finance function will significantly help you prepare for your business sale. We normally start using our diagnostic tool Finance ReadiMap ® to map strengths and rapidly identify areas for improvement.
How can you turnaround your business performance? Should you cut costs, source additional funds or talk to your customers and suppliers? Could you delay tax payments? If you keep going will you stay legal? When should you ask for help? In our experience, it is never too early to ask for help. Our experienced virtual finance directors will review your business, identify the critical success factors and then agree a recovery plan with you for both the short and medium term. We can’t guarantee your success but we can help ensure that good businesses are given every chance to succeed.
How do professional businesses acquire a target? How much should you offer for the target business? You want a great deal but also want to protect your business against risks. You may also need to secure funding to enable the deal to happen. All our virtual finance directors have experience of buying and selling businesses and financial modelling so are ideally placed to provide you cost effective advice and support; many have raised Private Equity funds too.
Do you have a plan for your business? Do you forecast your business cash flow? How can you improve your chances of achieving your goals? A fully integrated Budget or Financial model, prepared by an experienced virtual finance Director is a crucial management tool to assist you to manage your cash and improve your business decision making.
So your business needs funds? Who will provide funds – high street banks, challenger banks, business angels or private equity funds? Our experienced virtual finance directors know where to hunt for funds for your business and how to secure them on acceptable terms. Routinely, we generate realistic cash flow forecasts, write a professional business plans, arrange funding tender meetings and secure necessary funding.