Your Business Plan Part 4: SWOT
The cornerstone of success for any business is structured and strategic planning (SWOT), and your business plan is a critical component of this. As you work through your business plan document, you will gain a detailed understanding of what’s working, and what could be improved. Every business will have its own unique set of challenges and […]
Your Business Plan Part 3: Your Team
To prepare yourself for purchasing a new business, you’ll want to be well informed of all the ins and outs. Your business plan will bring together this information in a logical and clear structure – it’s the document you’ll be able to reference before, during and beyond the business purchase. The 3rd section of your business […]
Your Business Plan Part 2: Business Strategy
The process of completing a business plan empowers you to articulate all key aspects of the business you’re looking to purchase, and an essential part of this document is your Business Strategy. A straightforward Business Strategy is the 2nd section within your business plan, it will acknowledge the areas of the business that need improvement, […]
Your Business Plan Part 1: Executive Summary & Background
A comprehensive business plan will prove invaluable whether you’re in the research phase or close to finalising a purchase. A thriving business will always have a detailed business plan, supporting its longevity and profitability and assisting in obtaining finance for the initial purchase or future expansion. By putting this document together, you’ll view your prospective […]
How To: Tips for Buying a Business
Buying an existing business is a fantastic way to become a business owner. The main reason most people buy a business, rather than starting one, is for the established infrastructure and ongoing cash flow. People buy franchises for similar reasons – they usually come with supplier agreements and a proven system of what works and what […]
Sell Your Accommodation Property with The Help of Specialist Accommodation Brokers
Accommodation properties such as hotels, backpackers, motels, resorts, cabin and caravan parks, serviced apartments, management rights, etc. require an expert to help market them, find their right buyers, and manage their successful sale. Hence the presence of specialist accommodation brokers. If you own such property in Australia and are intending to sell it, you need […]
How To Sell My Business Quietly
As a business owner, you may prefer to maintain confidentiality when deciding to sell a business. This may be because you value your privacy and because your customers, suppliers or staff may react unfavourably if they find out you are moving on. If you are one of those business owners who ask yourself the question “How […]
How to Get Finance
Getting financing to buy a business can be tricky in Australia. Most people will get their funding from one of the big four banks, but there are other options available as well. The best way to find a great financing option is by using a professional commercial finance broker, as opposed to a mortgage broker. […]
More Will Ditch The Boss in 2018
Could 2018 be the year you take the leap into your own business? The great Aussie dream is to own your own home, and increasingly – work for yourself. “Most people want to be their own boss at some stage in their lives but many don’t know how to take the first step. They think […]
What is Vendor Finance for the Sale of a Business?
Vendor finance happens when the person selling a business also funds part of the purchase price. The buyer pays an initial amount upon settlement, and the balance (including interest) is met over an agreed period of time with regular repayments. Using vendor finance in the sale of a business can present various risks. It can also […]
