smallbusiness.co.uk: Helping your business think big

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Q: I have been working as a manager of a menswear shop in for four years and have an opportunity to invest in the business. Is there any advice that you could offer? What should I be looking out for?

Sep 14 2007

Answered by: Philip Wilkinson Ask a question

As you know the business, you will have an idea as to whether it is growing, static or declining and what could be done to maximise its potential, and whether you “feel” it is a good investment.

However, you need to get copies of accounts for at least the last three years and show these to a professional adviser such as an accountant. They will advise you on the financial stability and potential of the business. This is money well spent, to either avoid investing in a bad investment, or to give yourself peace of mind that the investment is good.

Comments [1]

Comment by Sajid Mahmood

Wednesday 17th October 2007

i want to do some busins plz help me i m very thankful to u

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