If you are thinking of buying a business, you will need to start by asking the right questions, ensuring you get a great investment and the best deal you possibly can. When you are looking to buy a business, you are inherently taking a risk. One of the ways to help you reduce that risk is to make sure you ask questions, and lots of them. There are no stupid questions to ask when buying a business....
Advice For Selling a Business There are lots of motivations behind the decision to sell a business. Whatever compels you to part ways with the organisation you own, it helps to begin the process with an understanding of what is involved in the sale process. First-time sellers will find the whole prospect rather daunting. To help you overcome your concerns, we have created a detailed infographic which...
If you are looking to buy any business, however large or small, you need to make sure that it’s worth your investment. Once you’ve made an offer and that has been accepted, the next step is to carry out a thorough investigation known as due diligence. What is Due Diligence? All during the buying process you may have been given a wide range of information about a particular business. Due diligence...
While you may have been working towards selling your business for a while, one of the major factors you will eventually need to consider is telling and preparing your staff for the big change. Assuming you’ve been a good boss, this can be a moment of uncertainty for your employees, a time when stress and anxiety are at the high point. Answering to a new regime can effect employees in different ways and...
It’s a lot more difficult to sell a business than many owners think. This is a big investment and sellers need to work hard to make themselves as attractive as possible to potential buyers. It’s not just about setting the right price, ideally you need to do as much as you can in the 12 to 18 month run up to selling your business. That includes getting the right support in place as soon as...
What is the Sharing Economy? If you ever sat through an awkward conversation with an Uber driver, you have been an active participant in the sharing economy. “Sharing economy” is the term used to define the collaborative economy in which owners of property rent it out to those who are willing to pay for it. It is a peer-to-peer based system that allows others to either obtain or give access to goods...
If you have a small business, then you might be thinking about your eventual exit strategy. Running a business is a very rewarding process, but it may have also occurred to you that you could potentially sell it and make a big profit. That could potentially allow you to invest more money into your next venture or to consider even retiring early and running off to live on an island somewhere. Maybe Google...