Denise Hall talking “How to Shut Down a Start-up” with renegade Collective magazine

Denise Hall talking “How to Shut Down a Start-up” with renegade Collective magazine

Had a great e-chat with Ann Molloy of the EDITION 17 of the magazine Renegade Collective, part of the collective hub.com a little while back.

What resulted was a most informative inclusion in the current edition of the magazine (the one with George Clooney on the front!), talking about “How to Shut Down a Business“.

It being the discussion piece by an Exit Strategist who knows what to do (namely me), complementary to the fabulous story “Exit Left”, about Nikki Durkin upon announcing the closure of her start-up 90dresses.

Her blog post went viral.
It seems we all want to know: how does it feel with the worst happens?

Key points covered are:

  1. eliminate debt
  2. set a D-Day
  3. care for your crew
  4. tell your customers
  5. sell business assets (including website, contact me to do so…)
  6. tax and legal matters
  7. save, save, save
  8. shut social media (or may be able to sell the parts with the website, see above)
  9. look after yourself

If you find yourself in this position, don’t despair.
I can help if you do not want to do so on your own. Contact me 

Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi

Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi by Denise Hall on Mixcloud

I had the pleasure of talking with Lorraine Pirihi, from Relaunch your Life, about what is involved in selling a business and why it is imperative to start the process early.

Yes, that old chestnut. Start with the end in mind, regardless of how old the business is!

There’s much to consider, but the main takeaways are:

  1. Formulate your “A” team
  2. Understand timelines
  3. Be prepared to invest in accessing the specific skills sets you need to help
  4. Get the business sale-ready
  5. Be really clear what you’re going to replace the business with in your life…

If this is a conversation you want to explore further, feel free to contact me on dhall@businessbrokers.com.au

A transcript of the interview is ready to download also…

 

Podcast: Denise Hall talking Buying a Business on “Taking Care of Business rpp.fm” with Jackie Mitchell

onAir

Taking Care of Business – How To Successfully Buy A Business (or Start Your Own)T by Denise Hall on Mixcloud

A most interesting show last Friday on “Taking Care of Business rpp.fm” with Jackie Mitchell.

Not only did we discuss the initial thoughts processes around Buying a Business, we also talked Customer Service with a local and a national award winners. Most thought provoking and well worth a listen.

Be my guest.

TEMpting; How Business Buyers and Sellers Have Been Tempted This Week…

How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…

WANTED: BUSINESSES TO SELL!

Why, because we have buyers!


Yesterday I attended a funeral of a mother of a dear friend of mine.
Always of time of sadness and reflection…

Given the amount of grief experienced again today, I can’t help thinking about the poor families of business owners who have not done anything about their business affairs before they fall off the mortal coil, leaving it to their family to clean up. “Take me out in a box”, they say.

SO NOT SMART OR FAIR.

With the family grieving, the last thing they want to have to deal with is a business they most probably have no interest in. Lets face it, if they were going to be interested, they would have done so well before the fateful day.  And the longer the business is left without being tended will mean the value drops away at a fairly rapid rate. Not good for selling purposes, at all.

Seriously, do something about the business before the owners are gone.
If you cannot, then call a broker just as soon as you can and have them get it sorted for you as soon as possible.
As the business probably forms part of the estate, the sooner it is sold the better the outcome will be for all, financially at least.


GOT A WEBSITE FOR SALE?

If you want to sell a website or you’re looking to buy a website (excellent bolt-on possibilities), please email me at dhall@businessbrokers.com.au


If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…

FOR SALE…

BS53 Balloons! and all that goes with them…
In the process of shutting this one down, unfortunately.

BS59 Niche Service Provider in Building Trade
via Sellability Score.
Waiting on the 2014 numbers done and then it’s good to go to market. Owner on holiday!

BS60 Advertising and Events agency
(via Sellability Score)
New premises locked in. Design of fit out done. Revenues increasing all the time. Excellent buy waiting to be snaffled up.

BS72 Niche Bookseller and Training Provider
The owner has changed their mind. Sadly, it looks like this will be taken off the market…

Training provider
Due diligence happening now.

3 meetings/phone calls next week:

  • spa therapies (waiting on information)
  • software provider (waiting on meeting date)
  • drinks (waiting on information)

 

Exploring the Sale Option?

GET YOUR SCORE…

Onwards and Upwards!

Pin It on Pinterest