What a pleasure it was to be able to take a momentary breath and give some strategic thought to practical business fundamentals required now. Thank you TeamInspiring Rare Birds. Onwards and Outwards…
In the spirit of knowledge sharing during this challenging time for business, we want to note some key takeaways from today’s deep dive mentoring session with Business Value Analyst, Exit Facilitator and Broker of Sales Denise Hall.
👉Assess avenues for collaboration. Which companies can you partner with to deliver value to your customers and amplify your reach and impact?
👉Understand your greatest asset. Where is the $$$ coming from and how can you maximise that product or service?
👉Reflect on your value proposition. What do your clients pay for and how has this now changed? How can you pivot within your scope of value to adjust to their current needs?
At times like these it’s more important than ever to have someone with a high level of business experience and expertise in your corner. That is exactly what our Rare Birds Mentors are here for and they are waiting to make a difference for you: https://lnkd.in/gwwskjx
The Brilliant Biz Mum Conference & Awards is a celebration of amazing mums in business – by way of showing off their products and services, listening to their amazing stories and celebrating their achievements.
The Conference & Awards will be held on May 14th, 2016 featuring approx 40 stallholders, amazing speakers, workshops and networking galore in the day! The Awards night is a fun night of celebration and networking directly after the Conference – culminating in awarding 13 amazing mums in business as the best in their field.
The Awards
The Brilliant Biz Mum Awards are all judged – there is no social media voting – so all winners are determined based on merit.
The judging panel is made up of the Award sponsor (a Biz Mum who has experience within the field and is managing the category) and two guest judges.
“Give yourself time – lots of it – if you want achieve the best outcome in selling your business.”
This is what I said to the good folk at BEmedia production recently, when they interviewed me for their Business Essentials Audio Programs…
If you’re thinking about selling your business, how about giving yourself three years to plan it all? That’s how long exit strategist Denise Hall would like to prepare a business for sale. There’s much to consider, she says. And don’t forget that an important ingredient is YOU and want you want in life when your business is finally behind you. Denise offers a 5-point checklist on what you need to consider before selling up.
Listen to it all hear…
Want to start this process softly softly, then I invite you to complete the Sellability Score questionnaire. It will provide a line-in-the-sand starting point, from which to build the plan. Once completed, I’ll be the one contacting you to talk through your plans.
I had the pleasure of talking with Lorraine Pirihi, from Relaunch your Life, about what is involved in selling a business and why it is imperative to start the process early.
Yes, that old chestnut. Start with the end in mind, regardless of how old the business is!
There’s much to consider, but the main takeaways are:
Formulate your “A” team
Understand timelines
Be prepared to invest in accessing the specific skills sets you need to help
Get the business sale-ready
Be really clear what you’re going to replace the business with in your life…
If this is a conversation you want to explore further, feel free to contact me on dhall@businessbrokers.com.au
I had the good fortune of being interviewed by Jackie Mitchell, LIVE in the studio every Friday. We discussed all things Buying and Selling Businesses.
Taking Care of BUSINESS is one of the few dedicated radio business programs that focuses on all businesses great and small.
The program features special guests, including ME, from the business world talking about their successes, failures, lessons learned and ideas; full of tips on marketing, finance, management, thought leadership and expert opinions along with insider knowledge on all things business.
There is a tendency to focus on small business as the life blood of the community – all big businesses once started as a small business.
Jacki Mitchell is an international award winning brand, marketing & business strategist with a diverse track record that has enabled her to draw on a wide variety of experiences across a number of industries. Her business is brandstorm MARKETING.
Starting a business is a BIG deal. Building it to become more than your hobby is even bigger again. In fact, building your business into an asset may result in it being possibly the largest asset you’ll ever own, or second maybe to your home.
If trying to sell it is what you eventually want to do, then get strategic about WHAT it is you’ve got to sell, how it is someone else could do it and therefore who that special someone might be that will love it as much as you once did.Â
What is the “story” of your Business?
The evolutionary history, as well as its current story, is all-important.
What does your Business sell?
List everything; not just the features, but the benefits to your consumers as well.
What financial records does your Business have? (eg: Tax Returns and BAS)
Profit – that’s what a buyer wants to know about.
