Turning a Profitable Business into a Valuable Business

Venue: Norwich, NR5 0TP, NR5 0TP, UK

Start Date / Time: 13/10/2022 11:15 am

End Date / Time: 13/10/2022 11:45 am

Member Rate: Free

Non-Member Rate: Free

The Government has estimated 100,000 otherwise viable businesses close annually simply because no-one wants to take them on. With 10% of SMEs based in the East, this suggests it is a fate that faces around 10,000 businesses in our region each year. This session will start by looking at what sets those firms that do successfully navigate a change of ownership apart from those that fail. We will explore why profit and value, while linked, are different and discuss ways of increasing the value of your business. You should leave the session with a deeper understanding of business valuations, a clearer view of how to create a valuable business, along with some practical first steps. Richard Ross Bio Richard Ross is a founding director of Chadwicks, a wealth manager based at the University of East Anglia. A UEA economics graduate who has studied behavioural economics as a post-graduate, Richard also holds an MBA and a Masters in Wealth Management. He is a Chartered Financial Planner and a Chartered Fellow of the CISI, specialising in helping owners build value in their businesses in preparation for a sale or transfer. He is a past school board member of the UEA Business School, he currently sits on the Strategic Board of the UEA School of Economics and is a trustee of the Norfolk Community Foundation. In response to the pandemic he founded The Sounding Board, a not-for-profit resource for businesses. Company Bio Chadwicks are a multi-award-winning wealth managers and business advisers. For more than 25 years we have been helping people make big decisions better; better for themselves, their business, their family, society, and the environment. We understand wealth management is about more than just money. It starts with building strong and successful personal relationships with our clients. Everything we do is of exceptional quality, which means being authentic, being different and being sensibly priced. It means we enthusiastically embrace continuing learning and improvement and are curious to find out more about the world around us.

Venue: Norwich, NR5 0TP, NR5 0TP, UK

Start Date / Time: 13/10/2022 11:15 am

End Date / Time: 13/10/2022 11:45 am

Member Rate: Free

Non-Member Rate: Free

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