Buying A Business

November 20, 2019

Taking Over an Existing Business

If you think you have the chops to be an entrepreneur, but would rather not start with a new idea — or just plain don’t have a new idea worth starting — you may be a great candidate to buy an existing business instead. While buying an existing business typically involves more upfront cost, it also presents less risk than starting from scratch. Financially, you’re looking at actual profit and loss records rather than rough estimates, and there’s a clear history of sales to point to. You may also acquire valuable patents or copyrights, or have the opportunity to drive a stagnant business in an exciting direction with your expertise. Why founders sell businesses It’s a common misconception — a cultural stigma, even […]
July 10, 2019

Investing In An Existing Business

Here are some of the tips to hold up at the highest point of the need rundown when investing in an existing business. It is suggested that you should use a good lawful advisor and have a clerk take a gander at all the budgetary records before you go into any understanding. Think very carefully before you proceed. When you discover a business you like, you must direct an intensive examination concerning its monetary issues. Be more specific about all the liabilities. What number of these could fall on the new proprietors? Watch out for TAX and Vat situation. Is the business vat prone? Is the vat exceptional? You can’t be too much mindful of admiration, making it difficult to […]
July 10, 2019

Buying A Business – What You Need To Know

The established infrastructure and ongoing cash flow is the main reason why most people buy small businesses rather than starting a new one. However, setting up a brand new small business is equally risky. Buying a reputable small business in Australia is complicated, thus; a buyer must administer proper assessment before finalising the buying decision of an established small business. Let’s take a look at few points that must be considered before buying a small business in Australia: Is it right to buy an existing small business in Australia or start a new one? Buying an existing business is always better than starting a new business right from scratch. Studies show that buying a well-settled business is better than starting […]
June 19, 2019
buying a business

How to Find a Business Owner Who Wants to Sell

Buying an existing business from an owner looking to retire or otherwise cash out is an attractive way to become an entrepreneur. But finding owners who are looking to sell may not be easy. Many business-acquisition opportunities aren’t always widely known, even by the investment bankers who facilitate such deals, because sellers fear roiling employees and customers by taping a for-sale sign in the window. Instead, they wait patiently for the right buyer to knock. Accountants or lawyers who work with small-business owners might know of a client’s desire to sell, but often it pays to focus on one particular industry and contact owners directly. Try the strategy that one entrepreneur calls “call-mail-call.” Start by calling a few business owners […]