Category: Selling a Business

Succession in SMEs and Family Businesses

Many businesses and SMEs in Malta are family run. Along the years, several have grown from a simple one-person operation initially offering a trade or focused on selling products, to larger more complex group of company-style operation. For many years, these businesses survived applying business rules stemming from family tradition and loyalty. For the owners […]
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Transforming Maltese Businesses for the Future

Businesses have faced and are still facing a lot of hardship due to the Covid 19 impacts. Malta Enterprise has launched the Business Re-engineering and Transformation Scheme to assist businesses to take a look at aspects of their structure and operation with a view to re-engineering or transforming aspects that will help them cope with […]
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3 Pitfalls if You Don’t do Succession Planning

Succession Planning is critical for an organisation’s longevity and survival. Having said this there are still many organisations who don’t formally plan for succession. The reasons for this lack of planning could be various yet most involve not appreciating the pitfalls of just not doing it. Three main pitfalls are:   1. Profitability hits When […]
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