The Leaky Bucket
Most service businesses are leaking profit — through costs they've stopped questioning, margins they've never properly tested, clients they've quietly lost, and revenue they've never asked for.
The Leaky Bucket is the show where we open a real business file and find out exactly where the money is going.
Each episode, Ian Morgan — Group CEO of MBS Accountants — works live through the finances of a real service business scenario. One company. Four sessions.
Costs, margins, churn, average order value. Every leak identified. Running total revealed.
No theory. No frameworks. Just numbers — and what they tell you when someone actually looks.
If you're running a service business turning over £500k to £10m and your accountant has never shown you this, this show is for you.
The numbers always reveal the leak.
The Leaky Bucket
RANK 12: How to Prepare a Business for Exit with Darryl Bates - Brownsword of Succession Plus
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Darryl is a dynamic, driven Business Consultant and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses.
He is a great connector, team builder, problem solver, and inspirer — showing the way through complexity to simplicity.
Darryl together with his team raise awareness of the fact that as a business owner, if you want to get the most from your life’s work and exit on your terms, then you need to prepare for exit and make your business attractive for a buyer.
The problem that occurs when this doesn’t happen is that;
· Only 10-40 % of businesses that go to market actually get sold!
· And, of those that do get sold, the deal is structured in a way that means the owners have to work through an ‘earn out’ period to realise full valuation.
· And more that 50% of these earnouts don’t get completed either because the goal posts are moved, or the owners have run out of energy.
This can be avoided if your business is exit ready, de-risking the deal for both the owners and the buyers.
In this Episode Darryl generously gives his expertise in Preparing a Business for an Exit.
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If you like to learn more on what DARRYL do, head on to his socials:
Website
LinkedIn
We hope you enjoyed this episode
You can find out more about us using the links below
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Ian's LinkedIn Account
The Leaky Bucket Youtube Channel
MBS Accountants Website