Finance Monthly - Global Awards 2021

FINANCE MONTHLY GLOBAL AWARDS 2021 46 Business Mentoring Adviser of the Year United Kingdom About Christine Nicholson Many business owners dream of selling their business for millions and sailing into the sunset of their retirement on the velvet cushion of wealth they’ve spent a lifetime of hard work and sacrifice building. The harsh reality is: • 80% of businesses never get sold • Over ½ of all business owners leave their business because of unplanned or unexpected events • Few than 40% of business owners have any succession or exit plans This means that the business is worth less than they hoped, the business owner feels stuck with no clear way out of their business and there’s a high risk the business will fade away to nothing. Most business owners only sell or leave their business once and have no idea what the process is before they go into a sale transaction. They leave money on the table because they aren’t prepared. That’s a tragedy that’s costing business owners millions. When a business is not saleable it leaves the business owner potentially having to close their doors on a lifetime of work. Making just 1% difference to that number could have a huge positive impact on those Nicholson Hall Advisory Limited E: | T: 07887 538556 / 0333 567 8011 Christine Ni holson

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