Knowledge base

Is uncertainty the only certainty in business?

If Donald Trump’s improbable victory, the EU referendum and the recent general election has taught us anything (other than the ineffectiveness of prediction polls) it’s that things are ever changing. On 9 June, many woke to the feeling of despair at the news of a hung...

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Inheriting a family business

Making the decision to take over a family business is always a leap of faith for the next generation. It is however a leap of faith that can be made with varying levels of assurances, especially if the team supporting you knows what you are going through. ou have...

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Have you planned your business exit strategy?

My colleague, Nick Palmer, recently wrote an interesting blog about the importance of planning your business exit strategy.  Nick quoted some fascinating statistics from the 2017 Armstrong Watson Family Business Insight : 11% of business owners haven’t considered how...

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Get serious about growing your business

Do you want to take your business to the next level? Think about the following questions and statements and how that ties in to what you have done, plan to do, or just haven’t even thought about yet…. Getting things in order Have you set your own personal objectives...

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The Family Business and Succession Planning

Douglas Russell, Partner The recently published Armstrong Watson Family Business Insight , compiled from our survey of over 400 businesses mainly across Scotland, Cumbria and Yorkshire, led to some interesting statistics from the Scottish survey respondents. The...

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How will you retire from your business?

Recently, Armstrong Watson  undertook a survey of family businesses across the UK and most have a clear focus - providing a good lifestyle for their close family members. Armstrong Watson are committed to supporting and advising these businesses and our Financial...

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Is your business ready for sale?

Almost a third of family business owners plan to exit the business by selling the business whether it be to the highest bidding third party, through a sale to a bidder who will carry on their ethos and values or through a management buy out. It is then surprising how...

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Are you avoiding those awkward conversations?

Avoiding those awkward conversations has never been the best solution in any context, by not talking about the issues it does not mean they will go away. What it does ensure is that smaller issues grow, difficult discussions get more problematic and in any family...

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