Items to Review before you Sell
Before deciding to market your business for sale, there are few items that you review so you know where you stand. These include-
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Articles and info
Do you know the value of your business?
There is worrying trend that I am seeing in a lot of business owners who are looking to sell at the moment- THEY HAVE NO IDEA WHAT THEIR BUSINESS IS WORTH”
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Banks and Business Sales
Love them or hate them, banks play a vital role in a business sale and you must work with them to achieve the outcome desired by all parties.
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State of the Market
Whether you are selling a business or buying a business, there is some Questions that are frequently asked of business brokers
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Selling your Business? Ready, Set....Sell
So you have decided to sell your business and are starting to take the first steps to get everything prepared.
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When should I tell my staff that I am selling my business?
This is one of the first questions that I am asked by a seller when they decide to put their business on the market.
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Timing is Everything
Every Business owners has had thoughts of selling their business someday. But knowing when to sell is often the harder question to answer.
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Business Benchmarks and how they can help you
Have you ever asked yourself the questions, I wonder how my business is doing compared to other in my industry?
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Selling a Business to Overseas Buyers and do they pay more?
This is a question that we are often asked by perspective sellers and is probably one of the greatest myths around.
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The Question that I am asked the most
One of the key responsibilities of a business broker is to answer any number of questions people have in relation to their business transaction. There isn’t a day that goes by when I am not asked something different.
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Prepare Well To Sell
With the new financial coming to a close, there will be many business owners going to their accountant to have their end of year figures completed shortly and some may be considering whether to put their business on the market.
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Attracting the Right Buyer
I recently heard a story of a business seller who sold their business for far less than what it was worth. It was a service-based business had been established for in excess of 25 years and under the same ownership for it’s entire history.
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Stronger than you think
In speaking to people about the business sales market, there seems to be the assumption that sales are slow at the moment and the market is tough. The GFC and a flatter real estate market seem to be the catalysts behind these assumptions.
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