Business Sales Australia | Buy & Sell Businesses

“The best way to sell something: don’t sell anything. Earn the awareness, respect, and trust of those who might buy.” – Rand Fishkin, CEO and Founder, SEOMoz. Consider this. You’ve worked hard and birthed a business, you’ve seen it grow, and you’ve seen it prosper. But at some stage, the progress of the company gets you asking yourself, “Should I perhaps sell my business?” Selling a business is very personal. It requires solid reasons and perfect timing to get the process right. What makes it harder is that it’s often an emotional process because you may have spent quite a lot of time building up the business to the standards and profitability it now achieves. You should have a strategic plan in place for when it may be time to sell. Failing to plan for a business sale or tune in to the signs that it’s time to sell, could lead to disaster. This failure could result in you bungling your exit strategy. With this article, we’ll take a look at some of the signs that may mean it’s time to sell your business. Here are the six key points to consider. Rising Profits and Performance One reason a business […]

So, you’ve finally decided to sell your business. But are you clear on the next steps? When the time comes to hand over your business, it’s imperative to get the best possible price for it. This process is not as easy as it sounds. You’ll need advice and expertise to help you transfer your company within a reasonable timeframe. More than anything, you’ll avoid the frustrations that could delay the sale or hinder you from receiving the maximum sale price. A large industry has developed that specialises in the business of selling businesses. These firms will take a portion of the sale, but this isn’t a bad thing. For that commission, they’ll make sure you come out on top and end up with the maximum sale price in your pocket. How do you know you’ll need a business broker to help you sell your business? First, let’s look at the upsides and downsides of selling a business without a broker. What Are the Pros and Cons of Selling Your Business Without a Broker? Pros You get to keep all the money from the sale and do not have to pay commissions on the sale. You own the process of the […]

The Australian Bureau of Statistics has reported that the small business make up 96 percent of all businesses. Based on this statistic, it is clear that being your own boss is a dream harboured by many Australians. However, establishing and running a successful business is easier said than done. Fortunately, you don’t have to go down the route of trying out various businesses to find out which one works for you. The easiest way to set yourself up for success is buying an already existing business. The following is a checklist for buying an existing business is Australia. 1. Understand the Important Factors You Should Consider You must consider many different factors when buying an established business, which include: History of the Business: You need to find out what has worked for the current owner in the past and what has not. You need to ask this question before buying the business so that you know what you shouldn’t do once you take over. Business Structure You also need to find out what the business structure of the business that you plan to buy currently is. You need to determine whether it will match with how you plan to run […]