DILEMMA: Until now my business has used small, local firms of advisers who are used to acting for SMEs. As the business expands, when is it appropriate to change advisers?
ISSUES: Several key factors should influence your choice of advisers. First, what are your objectives - do you want to float, remain independent, sell? How is the business expanding: organically, by acquisition, or a mix? If your business is not an international one, is it planning to be? Will the company need to raise capital to fund expansion?