Business Consultants in Dubai
Business consultants in Dubai are receiving many enquiries from investors abroad for investing in new ventures in Dubai. With more “business opportunities in Dubai” advertisement popping up in different websites the eagerness is being further aroused by the businessmen to sell their business to prospective investors. So how can the businessman decide how much he needs to quote to sell the business? The major factors determining the value are dependent on profitability and growth potentiality. There are other key areas too to be analyzed.
The common mistakes that should be avoided before business for sale in Dubai
Planning: The management has to take time and do a thorough planning before selling the business. If there is hurry in planning then the desired price may not be achieved for the businessmen
Timing: The sale of business should happen ideally when there is a positive financial position and there is a fair chance for potential growth.
Not publicizing: The plan of the sale of business should not be disclosed to the outsiders prior to finalizing such plan. Sudden changes might result in loosing key suppliers or staff.
Hiring an expert: In order to receive the right value for the business it is always advisable to hire a business consultant in Dubai.
Legal: The legal aspects should also be considered before selling the business. The provisions of the law may not be always favorable according to the plan.
Focus in the financial statements: The income statements, balance sheet, cash flow and debt effects the value of the firm.
Advantage of appointing a Management consultant
The primary objective is to help organizations to improve their performance, primarily through the analysis of existing organizational problems and development of plans for improvement. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants’ specialized expertise.
Business consultant usually brings their own methodologies or frameworks to guide the organization, and to serve as the basis for recommendations for more effective or effective ways of performing work tasks.
The Business consultant in Dubai helps to improve the profitability of the business as well as ensure the business get maximum value from their business. Emirates Chartered Accountants Group provides consultancy services for the clients as per their requirement. For further details contact “firstname.lastname@example.org”