Welcome to the Downtown Den on tour. For this episode we’ve taken the Den out to leading business law firm Glenville Walker, where Frank is joined by corporate lawyers Denise Walker and Joanna Sproson for an honest conversation about building a business that’s fit for the future.
We get straight into it: why every owner should be clear from day one about what they actually want from their business; a comfortable lifestyle, a profitable sale, or a legacy to pass down the generations. Denise and Joanna explain why a solid business plan, sensible financial support and, crucially, a shareholders’ agreement can save you enormous heartache later on.
We also tackle the joys and challenges of family businesses, from educating the next generation to avoiding ‘accidental shareholders’. Speaking as a business owner himself, Frank says “I only wish I’d heard some of this advice years ago.”
Have a listen.
