Business Advice, Business Sales, Business Valuations, General Discussions
DON’T MAKE THESE 2 SIMPLE MISTAKES WHEN YOU ARE LOOKING TO BUY A BUSINESS. Two of the biggest mistakes people make when buying a business are to either: 1. Underestimate the total investment required. 2. Overestimate the amount that they have available to invest. To avoid these two common mistakes you really just need to take a little time to …
Should A Supermarket Buyer Pay For Outdated or Unsaleable Stock When Purchasing The Business? It is important when signing an agreement to purchase a business that you know exactly what you are getting. In most cases businesses will sell at a price +SAV (Stock at Value). It is important to understand that the price paid for stock is not what …
5 Reasons Why Owning A Business Is Better Than Having A Job There’s no question that owning your own business is a risky proposition. But, working in your business has some benefits which include: Work in an industry that you are passionate about Choose your working hours Decide if you want to be an investor or owner operator Be in …
“If it ain’t broke don’t fix it”… “We do it that way, because that’s the way we’ve always done it”…. These are not the sentiments expressed by successful businesses. These statements were probably the expressions of companies that have gone by the wayside. Companies like Kodak, The Sydney Harbour Ferry Company and Taxi Companies – all probably thought that way. …
ELECTRONIC SIGNATURES Change creeps up slowly on us, and it’s only when you look back, that you realise how much has changed, and how quickly. It doesn’t seem that long ago that we used to lick a stamp and put it on an envelope to send messages, information and documents. Similarly, we used to pay deposits in cash, and …
18 SUCCESSFUL BUSINESS OWNER TRAITS Honesty One of the essential traits when it comes to creating strong, trusting relationships, as well as a positive reputation at work and beyond, is honesty. In a recent study conducted by a US Research Centre based around the subject of “what makes someone a good leader”, results showed that over 80 percent of participants …
Selling Your Business To Family Members There are many options when selling a business. One option is to sell the business to family. Family succession Business owners who have invested a lot of time and money in growing a business may have a strong desire to keep that business in the family when they leave. If you plan to transfer …
What To Do When You Sell Your Business. Are you thinking of selling your Pizza shop or Cafe? Well don’t be hasty; it could save you a motza! If you have not sold a business before, it can be quite a daunting situation. As a business owner you might ask yourself: What do you do? Where do you start? …
ARE YOU AN EMPLOYER? DO YOU KNOW WHAT A PCBU IS? Across Australia there is a new term which is going to become common for business owners, managers and employers. A ‘person conducting a business or undertaking’ (PCBU) is a legal term under WHS laws for individuals, businesses or organisations that are conducting business. A person who performs work for …
REIQ – Business Broker of The Year 2018 Industry Awards are a great way for professions to improve standards and services offered by participants. It is a fact that “competition improves the breed”, and this is proven in industries and markets all over the world. At Benchmark Business Sales we have enjoyed the challenge of entering awards which …
