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 […]
Should You Sell Your Business and Property Together?
Top Takeaways: -A lot of small business owners have a self-managed super fund that owns their property -A lot of buyers are looking to purchase both a property and a business -The key is to have a two-pronged selling strategy Hardly a day goes by that we don’t get a call from a business owner […]
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 […]
Franchisor Exit Strategy Part 1: Sell to a Competitor
Franchising is a unique marketplace. We’re a pretty small community. Most franchisors are still owned by the founders – but what happens when a Franchisor wants to exit their business – what is a Franchisor Exit Strategy? Every franchisor has competitors in some way. Maybe your competitor is another franchise brand, or it’s an […]
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 […]
How To Successfully Exit Your Business
When you’re ready to sell and/or exit from your business, there are several things to consider which can contribute to the success of your efforts. First, there are 5 exit planning strategies you should consider: 1. An outright sale, when your business goes on the market and a purchaser buys it from you, lock, stock, […]
Getting your business ready for Summer – Applying for finance
Small business owners often think about growth as the season of summer approaches. It is often inevitable that a loan is needed to inject additional funds into the business for the sake of growth and expansion. However, most loan applications are foreign territory for small businesses and are often seen as a liability, particularly if […]
