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 […]
The Forecast of Franchising
Franchising has been defined by the Franchise Council of Australia as “an innovative method of distributing goods and services – providing small business with the tools of big business”. So what is the current profile of this business format and where will it lead? A 2016 report conducted by franchising experts sponsored by the Franchise […]
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 […]
Spotlight on Booming Small Business Industries
One of the biggest financial decisions you make in your life is buying a business. Thus, it is important to understand the trends of different industries if you’re looking to make buying a business the next step in your career. Research is needed to make an informed decision into which industry is right for you. […]
How to decide what you want in life (and business)
FEATURE ARTICLE by Allan & Barbara Pease Most people struggle with questions such as ‘How do you define success?’; ‘Who do I want to become?’; ‘What do I want to experience?’; ‘What assets do I want to accumulate?’ Everyone knows the feeling of having an inner urge to do something that excites you whenever you […]
FCA Announces Aussie Company Worth Their Salt Globally
Franchise Council of Australia would like to congratulate David Lindsay, founder of Australia’s Salts of the Earth for being awarded second place in the International Franchise Association’s NextGen competition for their bespoke business model in the salt therapy health industry. Bruce Billson, Executive Chairman of the FCA was very proud of David representing Australian franchising […]
Baby Boomers – A Challenging Time Ahead in Business Sales
A lot of planning and preparation goes into preparing a business for sale. Some small business owners are having to re-visit their timelines when it comes to selling; often a lot more time and research is required to get a business sale ready. The graph below shows the gradual decline in earnings of small businesses […]
