Small business owners are usually very good at what they do. They may wear several hats in their business and engage across most functions of their business, often multitasking and working hard long hours. It is natural for business owners to know their business really well. As a result, when […]
What will 2015 look like for your business? No matter if you are planning to exit your business in 2015 or grow it to the next level, you will need the same key ingredient … A PLAN. We all start a new year with good intentions, full of energy […]
Buying a business can be a long and daunting experience for not only the first time buyers but our seasoned entrepreneurs. More and more opportunities are becoming available within franchised networks. In Australia there is a franchise operating in almost every category with varying levels of commitment, experience and […]
Let’s get straight into it. (Missed something? Jump back to Selling a Business Through the Buyers’ Eyes – Part 1: Asking The Big Questions.) 3. Business, Business, Business You’ve found a few businesses matching your very strict criteria. Now it’s time to get your hands dirty. You start looking into […]
Take off your shoes. Go on! It’s time to step into someone else’s. Selling a business – from the perspective of the buyer. Ruthless, clever, efficient, and thorough. At least, that’s how they may seem like when you first meet them. Let’s shatter that barrier of the unknown, and understand […]
What is an exit strategy? Why should I care? I am not planning on selling anytime soon. As a business owner it pays to be prepared. Exit strategies are considered to be an essential part of owning a successful business. Nobody wants to part with their business when they start […]
Why small business ownership is a ‘risky business’, and how to minimise that risk. Buying a business is often a daunting idea. Most business owners consider going it alone – starting a fresh business and building brick by brick. Unfortunately, the stats say that around 50% – 70% of small […]
How can an online presence help your business? There are many things that can help you sell your business, and you can read millions of articles on them. I want to focus on one strategy that doesn’t seem to make the list – but often seems to make all the […]
When it comes to selling an e-business, its not as simple as transferring domain rights. Many people are under the assumption that online businesses are only worth as much as the domain. This is simply not true! Online businesses generate revenue, have established client bases, and often incredibly low-overheads. Who […]
Restricting your market This step is all about future planning. Lets suppose that you open up a jeans store, and after a few years it is quite profitable. You want to expand your market to also include other types of clothing – but you named the business Just Jeans! This […]
What’s in a name? Your business name serves as a key branding tool for your business, and is one of the most important decisions a new business owner can make. But so many things can go wrong. Here are a few of the biggest mistakes that you want to avoid […]
We all love profit. A business running at a profit is a successful one, right? Yet a surprising number of small business owners don’t know whether or not they actually have any profit at all. We can get so tied up with running the business, that we forget to check […]
Catherine Kimpton recently had the pleasure of contributing to a featured REIV article on Business Broking in Cyberspace. To read the full article, and hear what Catherine has to say about buying and selling businesses in the virtual domain, click here.
Selling a business is a daunting task, and one that often requires professional assistance. But not all business brokers are created equally. The business broker that you choose can make or break the sale, so you need to choose wisely. A good business broker can easily identify the selling points […]
How to keep your business name registration up-to-date and why it’s important It can take months to come up with a business name that encapsulates who you are, what you do and why you do it, while keeping clear of the big business name blunders. Once you have the perfect […]
Catherine Kimpton recently had the pleasure of contributing to an AIBB article titled “Are You Ready To Sell Your Business?” Listen to the podcast, read the transcript, or read the full article to find out if now is the right time for you to sell!