by theEmother | May 16, 2013 | business ideas & thinking, events, MEinc
I mean seriously! As if my brain possibly functions at that early time, not to mention my body…
I can’t be the only one who thinks such an early start is a little ridiculous. Yes, it is another way to squeeze more stuff into your already very full day but is it really necessary? I mean really necessary?
Nonetheless…what’s brought this on you may well ask? Tomorrow morning I’ve been invited to attend the B2B Fair Business Breakfast at The Edge in Federation Square. I could have said no, but you know, just sometimes that may not be the smart response to give. So by saying yes, I am now attending this event as part of the Victorian Fair Trade Festival.
I’m going to learn about why other progressive organisations choose to be a Fair Trade workplace. No doubt I will walk away with nuggets of worth. I am after all becoming increasingly interested in true “Social Enterprises”, one’s that are commercial viable like “Seven Women” (hence why I’m on the Management Committee).
No doubt all will be revealed, starting at 7am. And once I’m up, I’m sure all will be forgiven too. Wish me good health!
by theEmother | May 15, 2013 | Consultant EXIT Options, EXIT execution, exit strategy, Finish Unfinished Business, SELL your Mother of a Business, Sellability Score
How Sellable is My Business?
Isn’t this a most timely question… How Sellable is MY Business? And my colleague, Choon Ng, is conducting a Webinar on this very subject!
So you might want to tune in…
He will guide you through issues such as:-
- What are the Exit Options available to most business owners?
- When is the Best time to Exit?
- How to determine what your business is REALLY worth?
- Strategies and Tactics to enhance the value of your business.
- The Deal Breakers That Can be Avoided when preparing your business for sale.
- How to look beyond the obvious when you think of succession/exit options.
If you’re contemplating selling any time soon, now’s the time to find out what you need to know.
To register, click here
Choon is the senior partner at Hurst Partners and is an active Business Broker and Registered Business Valuer (Australian Institute of Business Brokers). In his 8 years working extensively with business owners of small to medium size businesses, he has seen all kinds of businesses… good and bad.
by theEmother | May 14, 2013 | aCE talentNET, build a Mother of a Business, business ideas & thinking, Buy a Mother of a Business, Finish Unfinished Business, growth by acquisition, start with the end in mind
I’m always curious to know why Business Owners quite freely jump to the suggestion of bringing in an equity partner when thinking of growth. Especially if they claim they have funds to add to the pot! Whereas the option of Growth by Acquisition rarely gets a look in.
I’m not suggesting for one minute that it’s not an option, not at all. But it is often flippantly thrown about as one of a number, almost without real considered thought behind it.
Knowing someone, whether it be for a long time or short, does not mean you know what they will be like as a business partner. Let’s not mention all the decisions you’ve always made will no longer be all yours to make. Plus there’s the issues about how to spend money, what to do with profits, what staff to bring on, what role each of you are to play, etc…
The way I structured this decision, way back in the heady days of aCE talentNET was to have my prospective business partner work as a sub-contractor for 12 months. If a relationship is going to work, or not, doubts will have raised their head by the conclusion of that time frame, enabling both of you to shake hands and walk away, before any real damage is done.
I wish we had followed the same protocol when bringing on partner #3 but that’s another story. Warning: don’t always let reputation get in the way of adhering to your process.
Having had one way work and the other be a disaster, I know which I will repeat again in future. Something I strongly urge all Business Owners to really think through when broaching the same topic in considering growth options.
Think about it from an Exit Strategy point of view. How much easier is it to at least get to the sale decision when there’s only you. The more people you add to the decision making process, the more delay fatigue will potentially set in.
Growth by Acquisition on the other hand means you may be able to negotiate to have the best of both worlds ie the additional revenues and client list, without necessarily taking on the exiting partners… think about it…
by theEmother | May 13, 2013 | build a Mother of a Business, business ideas & thinking, so you think you're in business, the business model
Very pleased to be No. 93… got to love that!
An infographic by the team at CouponAudit
.
by theEmother | May 10, 2013 | build a Mother of a Business, BUY a Business, Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, TEMpting, the business model
GET YOUR SCORE!
If any of the following tickle your fancy,
please contact me by emailing sell@theentrepreneurialmother.com
letting me know which one it is…
PLUS:
Webinar arranged for May 22, details to follow
BS2 = Online Retailer
Plan B – Due Diligence concluded, to be settled early May
PENDING
*
BS8 Waiting on Seller
Change of plans due to recent events…
ON HOLD
*
BS9 = Specialist Leadership and Talent Management Provider
Completed Sellability Score.
Looking to a 2013-14 kick off, getting all ducks in a row in the meantime.
*
BS10 = Specialist Offline Retailer
Completed Sellability Score.
1st meeting completed, next steps discussed.
Proposal offered, awaiting response.
*
BS11 = Hairdresser
Completed Sellability Score.
First chat April 8. Waiting on Stage 2 financials.
Buyer presented but decision made not to sell…
*
BS13 Specialist Equipment Provider
Completed Sellability Score.
Recommendations being pursued with favourable feedback.
ON HOLD
*
BS14 Leading Book Supplier
Completed Sellability Score
Financials received, more to come. Currently going through refinancing dramas!
*
BS19 Leading Wedding Services Provider
1st meeting had, waiting on Stage 2 financials – due in next week
*
BS20 Window Cleaner
“Sellability Score” completed
“Snapshot” delivered with offer to discuss what to do about low score. Awaiting response.
*
BS22 Business “Consultancy”
Completed Sellability Score
Stage 2 of process in play, waiting financials
*
BS23 Health and Well Being Studio
engagement locked in
FOR SALE
*
BS24 Beauty Salon with a Twist
not sure what they want to do but “first prize” is to raise capital and roll out more stores
arranged meeting set with capital raiser May 6
meeting resulted in proposal to be offered
*
BS25 Sales and Services
Completed Sellability Score
Proposal offered, awaiting decision
The “Sellability Score” reports continue to dribble in each and every week.
Webinar arranged for May 22. Details to follow…
More calls to make as a result and more emails to send 🙂
Onwards and Upwards!
