BUYING A BUSINESS OR SELLING YOUR BUSINESS NEEDS PLANNING
“Time spent on reconnaissance is seldom wasted“ – old army saying
Knowledgemaster (KM) provides an informative series of checklists and discussion papers to help you buy a business or sell one. Read these simple and easy to apply reports to give you an edge.
Having a description of components like geographic location, multiples wanted, data base types, upper and lower capital amounts (required or budgeted for), product providers, dealer group involvement and time frames will make it easier for potential vendors or buyers to engage with you.
If you are selling your business you will need to define what you have and why it would be of value to a potential purchaser. So get your figures ready and a major advantages (both written and oral) sheet, so buyers can make rational decisions based on real data.
Your reasons for selling could be: you want to retire, lifestyle change is upon you, health issues, personal circumstances have changed (divorce, family bereavement), capital requirements or you are just sick and tired of being a political football.
Buy the right business and you improve your return on investment and increase your happiness. Your prospective purchasers need to know what you want and just as importantly what you don’t want. So build a profile(s) of the ideal type of business you want to purchase.
If you are a purchaser you are considering this because organic growth is too slow, you want to include next generation family members into the business or you perceive an acquisition is a sound investment.
Knowledgemaster wishes you good fortune in your endeavors.
Jim Prigg
CEO KnowledgeMaster P/L
03 5232 1500
0408 520453
jim@knowledgemaster.com.au
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List your business, data base or segments of your business you want to offload with our introduction service to willing buyers
Flat fee ($599 per annum or until business is sold) service for keen vendors. Reach our extensive national data base each month and be uploaded to our Business for Sales segment at www.knowledgemaster.com.au
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Utilise this simple but easy to apply checklist before you put your business up for sale. Save time, money and heartache by being “sale ready”.
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