View Leaving Already? What You Need to Consider Before You Exit Your Business

Leaving Already? What You Need to Consider Before You Exit Your Business

In today’s challenging business climate, if you’re a small or medium enterprise (SME) owner, and are considering exiting your business, rest assured you wouldn’t be the first. As Finance Directors, we see the stats more often than most, and we know the pressure you’re under. According to recent figures from The Irish Times, 70% of Irish…

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View Is your business’s ‘new normal’ a daily fight for survival?

Is your business’s ‘new normal’ a daily fight for survival?

If so, put EFM’s turnaround experts in your corner says Pat Lavelle, EFM business turnaround specialist After more than 12 months major disruption, many companies are looking forward to getting back to some degree of normality. But as a result of the pandemic, or longer-term underlying business health issues, many businesses’ ‘new normal’ is a…

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View Looking for funding? First get your business plan right

Looking for funding? First get your business plan right

Does your start-up need an injection of capital to get off the ground? Are you looking to move to the next stage of business growth? If the answer to either of these questions is yes, then are you ready to take the plunge into the world of fundraising? Stage one is to prepare a sound…

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View How can I avoid small business failure?

How can I avoid small business failure?

Management of cashflows, especially receipts from customers, is a major headache for SMEs and one of the biggest causes of small business failure. You can help yourself to manage cashflow by adopting effective invoicing strategies and getting financial help to avoid a cash crisis. Here are four expert tips on how to keep cash coming…

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View What is the end goal of a business plan?

What is the end goal of a business plan?

How can you formulate an idea, create a business and then run it if you haven’t got any specific plans to work from? Creating a business plan is no easy task. It can be made simpler and more effective by working through it with an advisor. Ultimately getting your thoughts down on paper will prove…

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View The Importance of Business Forecasting

The Importance of Business Forecasting

Business forecasting is an integral part of your business plan. As part of this, financial forecasting may be required for a number of reasons: If you need funding to start up or grow, then all lenders will assess your forecasts. Seeking out a potential business partner will be made all the easier with a set…

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View Five tips for effective succession planning

Five tips for effective succession planning

Most people want to grow a business and sell it or retire at some point in time as well as take some capital value out in the process. Succession planning is therefore something that should always be on the agenda. Indeed, the older you get, proper succession planning becomes more and more necessary. Once you…

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View Surviving a Crisis – What should I be doing for my Business?

Surviving a Crisis – What should I be doing for my Business?

The world is in a state of crisis with the covid-19 pandemic crippling businesses and causing heartache for business owners. Since March 2020, the United Kingdom has been faced with a varied state of lockdowns, local lockdowns and the introduction of the new tier system. All of this uncertainty is affecting SME business owners to…

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