Business Partnership has collaborated with coaching specialists Business Doctors to support SMEs across the UK.
Business Doctors can support struggling SME owners in a number of areas, including strategic planning, fundraising and building business value. These services go hand-in-hand with those offered by sales experts and B2B franchise Business Partnership, which delivers guidance on valuations, acquisitions and sales.
Paul Dodgshon, one of Business Partnership’s franchisees and a key board member, explained,
“Our issue is that, as franchisees, our focus is on business sales. A lot of the business owners we speak to are not quite ready for sale and need some coaching support to build their business value. Therefore, when we discovered that Business Doctors use the same Value Builder system within their coaching toolkit, it made sense to collaborate.”
Meanwhile, Business Doctors’ co-founder Matt Levington said,
“We had exactly the opposite situation. Our franchisees work with some remarkable business owners throughout the UK to grow robust and profitable businesses, yet when a business owner wants to move on to something different or retire, we couldn’t help.”
Value Builder allows both businesses to work together to support clients in one, integrated service. The tool assesses a company’s value and provides a benchmark score to help owners decide whether it’s the right time to sell up. Business Partnership has been using Value Builder as part of its valuation process for almost a decade. But now the franchise will be able to refer clients to experts at Business Doctors to help them increase their SME’s value.
Franchisee and board member Paul added,
“Knowing that a business will come to me through Business Doctors, having been professionally coached, means it will have sound foundations, robust systems in place and be profitable. I know from the outset that such a business is more attractive to buyers and will achieve a higher sales multiple. Undoubtedly, the ultimate winner from this collaboration will be the business owners who benefit from this new joined-up service.”
Alice Tuffery, Point Franchise ©