by theEmother | Feb 19, 2013 | build a Mother of a Business, business ideas & thinking, Buy a Mother of a Business, EXIT execution, Finish Unfinished Business, growth by acquisition, Sell Your Business, SELL your Mother of a Business, the business model
It happened again today.
I’m at a meeting with one of my trusted colleagues and she advises that a close connection of hers has money to spend and then proceeds to supply the shopping list! Quite specific? Yes. Makes it much easier to know, when one fits criteria, who to call doesn’t it!
This is just another in a growing list of interested parties in, what appears to be, an increasing reemerging trend of growth through acquisition.
Many more businesses are realising that in order to grow quickly (over a year for example), buying another business is probably the quickest option. Sure, it presents its own challenges but… the difference to the numbers in a very short time frame is well worth the effort.
The same applies to first time buyers as well. If you want to walk straight into a revenue producing position from Day 1 then buying an already established business is the most likely way of doing so.
You know how they say when talking home renovation “live in it for 12 months first before you renovate, so you really know how you want your home to work”… buying a business is no different. Work in it for 12 months to really get a handle on how it works an d then look at rolling out your grand plans.
Whether you’re looking to acquire or buy, no matter, determine your shopping list and then talk to the people who have the relationship with the seller. That’s as hard as it needs to be…
by theEmother | Feb 18, 2013 | build a Mother of a Business, business ideas & thinking, EXIT execution, Finish Unfinished Business, Online Strategy incl. www, Sell Your Business, SELL your Mother of a Business, the business model
Had a 5:30 meeting today between a seller and a potential buyer. Thought this will be OK, out by 6:30 max, no problem.
7:30, still standing in the street with potential buyer, attempting to ask more questions…
aaaarrrggghhhh
Got to thinking, why this was so?
Was the Information Memorandum not detailed enough?
Was the potential buyer not prepared enough?
Neither of these are the case. In fact, there was probably too much detail and prep!
What it is… a potential buyer, who as an experienced buyer at that, is looking to buy into a market he does not understand.
Actually, let me be more specific. It is not the whole business he does not understand, it was only part of the business, ie the Online component. He knows its a market he should be playing in but knows enough about it to b e dangerous!
I envisage a whole lot more questions to come yet…
Business Owners, soon-to-be past or present, you must have a handle on Online and how it impacts your business.
If you have not started this journey already, please do so now…
by theEmother | Feb 11, 2013 | build a Mother of a Business, entrepreneurial mothers, Finish Unfinished Business, single parent l single mother, so you think you're in business
entrepreneurial mothers, please pay attention…
New research has found that women have an average super balance of $92,000 at retirement – 40% less than the average male retiree, with $154,000.
…one fifth of Australian female small Business owners do not have a super fund.
In addition:
- At 65 the average woman’s super balance is $112,000
- A 5 year career break means $45,200 less in savings than taking no career break
- A woman who retires at 65 needs to save $55,300 more than a man due to her increased longevity
Want to read more about this issue, click here.
We have to be in charge of our own destiny… how’s yours looking?
by theEmother | Feb 1, 2013 | build a Mother of a Business, business ideas & thinking, so you think you're in business, the business model
As a growing number of consumers jump on the Pinterest bandwagon, the opportunities to use the social-media site for business have grown exponentially.
Pinterest recently launched business accounts, allowing users to define their accounts as businesses or brands, and the possibilities for using the site to promote your business, book or product are becoming significant.
If you’re interested in getting started on Pinterest, but don’t know where to begin, consider the following ideas for boards that can help build your brand… click here
by theEmother | Nov 2, 2012 | build a Mother of a Business, business ideas & thinking, exit strategy, Finish Unfinished Business, Listen, Podcast, Sellability Score, so you think you're in business, start with the end in mind
Denise Hall talking “Start with the End in Mind” on businesssuccessradio.com.au by Denise Hall on Mixcloud
Greetings fellow Business Owners on businesssuccessradio.com.au
My name is Denise Hall, of “the entrepreneurial mother®” fame, ex Business Owner turned Exit Strategist and Business Broker.
We are gathered here today to introduce how to Start with the End in Mind regardless of how old your business is!
This is the first in a series where I will be covering all things “I don’t want to do this business any more”.
Having someone like me to talk you through this thought process (and don’t I wish I had someone like me to talk to when I was selling my business!) will save you time, effort and money when working out the best way forward.
In order to do that, I pop on my Buyers Goggles and help you view the business you’re building through such a filter.
I also invite you to go through the “Sellability Score” questionnaire and where to find it.
The “Sellability Score” essentially works 2 ways:
- you get a line-in-the-sand starting point
- you get a list of activities to consider in order to raise the score, and ideally the value, should you choose to do so
And you can even do it for FREE and you can find it at www.sellabilityscore.com.au
Have no fear as I’m the one who contacts you once the questionnaire is completed and the report is produced.
Go forth and complete…
