ARTICLE: When is the Best Time to Buy a Business? for ABN.org.au

ARTICLE: When is the Best Time to Buy a Business? for ABN.org.au

australianBusinessWomensNetwork

As a contributing article in the Australian Businesswomen’s Network latest newsletter, this article discusses the best time to Buy a Business:

Quitting life as you know it and looking to buy a business makes the answers to these questions crucial:

What do I want to do?

Why do I want to do it?

Can I afford to do it?

Will I be happy doing it?

Why do I want to take on someone else’s “stuff”?

To explore the answers to these in the Business Buying context, read the full article

WEBINAR: Women in Business, Ensure a Saleable Business = FREEDOM!

The powerhouse of motivating mum’s, Alli Price, invited me to speak on one of her recent Google Hangouts. Once I got the technology sorted (!), it was all systems go and it is now proudly displaying on her youtube channel. Please, go check it out…

http://www.motivatingmum.com It’s great launching and running a business but your eye should always be on the prize – selling your business successfully! Check out these great tips from Denise Hall, The Entrepreneurial Mother

On this one I talk a lot about FREEDOM.
Why did you start your business in the first place?
How well is that working for you?
What are you going to do about it if it is not working out as planned?

Contact me of course!

ARTICLE: When is the Best Time to Buy a Business? for ABN.org.au

ARTICLE: When is the Right Time to Sell Your Business? for abn.org.au

australianBusinessWomensNetwork

On August 10, my latest article for the australian Businesswomen’s Network resource centre on knowing when the right time is to sell your business featured. The start of which goes like this:

Imagine, as business owner, you are about to review the good, the bad and the ugly of your business. Will you be happy with what is revealed? Is it Saleable?

Here are some questions to ask yourself in evaluating your business:

  1. Is the business in great shape – growing and profitable?

  2. Is there a management team in place or is it completely reliant on you?

  3. Can the business continue to operate smoothly without you?

  4. Are there systems and procedures in place to ensure everything works post handover as it does today?

  5. Are the financial statements clean, excluding personal expenses?

  6. Are the agreements and contracts with clients, employees, contractors and suppliers in place? Are they up to date?

  7. Is the business as recession-proof as possible?

  8. Is there potential to use the existing business as a platform to grow, franchise or buy other businesses?

  9. Do you know what your business is worth in today’s market?

  10. Are you ready to hand it over? What will you do next?

To continue reading, this link will take you to the complete article… enjoy!

ARTICLE: Exiting your Small Business, using a Business Broker

Recently, this article was published on the Australia Small Business Blog, with my contribution focused predominately on the benefits of using a Business Broker, like my good self:

“If you are going to be dealing with a business broker, make sure they are licensed with the relevant State body. The Australian Institute of Business Brokers (of which I’m a member!) has links to the various State licensing authorities. When exiting your business, you should seek some professional advice – however even an accountant or solicitor have limitations on the scope of the guidance they can offer around the valuation and sale of a business. 

A qualified business broker can help in many ways. They will prepare you for the due-diligence that a buyer conducts. They know that a buyer or investor besides looking at the current profitability of the business, evaluates the extent to which it can run independently of the seller, as well as examining the scale-ability of the business. In other words, it’s capacity to actually handle growth and maintain profitability with any increase in the volume of sales generated”

Continue reading here: http://www.australia-small-business.com/2015/07/exiting-your-small-business.html 

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