TEMpting: how Business Sellers and Buyers have been tempted this week…

GET YOUR SCORE!

 

If any of these tickle your fancy,
please contact me by emailing  sell@theentrepreneurialmother.com
letting me know which one it is…

 

 

 

BS2 = Online Retailer
Heads of Agreement prepared, waiting for signatures…

BS3 Waiting on the Seller

 

SOLD!
 
BS8 Waiting on Seller
No joy with previous broker, conversation resumes…

 

BS9 = Specialist Leadership and Talent Management Provider
Completed Sellability Score.
Looking to a 2013-14 kick off, getting all ducks in a row in the meantime.

 

BS10 = Specialist Offline Retailer
Completed Sellability Score.
1st meeting completed, next steps discussed.
Promising! Waiting on financials.

 

BS11 = Hairdresser
Completed Sellability Score.
First chat booked April 8.

 

BS13 Specialist Equipment Provider
Completed Sellability Score.
Recommendations being pursued with favourable feedback.

 

BS14 Leading Book Supplier
Completed Sellability Score.
Financials received, analysis booked to be done next week.

 

BS15 #1 in Google for This Offering
1st meeting (phone call) completed, Stage 2 financials due.

 

BS16 Furnishings Importer, 60% owned.
1st meeting (phone call) completed, Stage 2 financials due.

 
BS17 Specialist Offering
Completed Sellability Score
1st meeting completed, Stage 2 financials received, analysis to be done next week.

BS18 Beauty Salon
Came in late today, process to commence next week

The “Sellability Score” reports continue to dribble out each and every week. 
More calls to make as a result and more emails to send 🙂

 

Onwards and Upwards!

 

Know When to Duck!

Today, at the REIV Business Brokers lunch, a very experienced and learned colleague shared what was once shared with him, when he first started out as a Business Broker… “know when to duck!”

This is the same chap who told me why buyers buy businesses… “What they buy is the Profit. Why they buy is the Potential”.

Both of these are pearls of wisdom. I’m fortunate enough to have such a mentor, in my camp, looking out for me. We all need such support, regardless of how long we’ve been doing whatever we do.

Who’s looking out for you, in a business context?

Don’t You Love It When the Heads of Agreement is Signed, but…


But, that’s only the start of the next stage of the process… there’s so much more to be revealed to actually get the deal over the line.

The next part of Due Diligence.

What does that mean exactly?
It is verification of all that you’ve told the buyer about your business, as the business owner.  If you’ve told any porkies during the sale process, now is the time they will probably come out. Best not to do so…

It can be a time of nervous energy but one to go through nonetheless. Keep it as clean as possible and the stress levels will be as reduced as they can be.

 

Business Book Club…

Seth Godin's latest

Seth Godin’s – Poke the Box

I’ve just returned from my every 6-week Book Club soiree. We have a lovely time catching up with each other and discussing the books. Some of which we’ve loved and others not so but nevertheless, much discussion and sometimes debate ensues. And we all learn about little bit more about ourselves and the world around us as a result.

That got me thinking on the way home… why don’t we have a Business Book Club. I’d be happy to run it. Can do it via webinar so no need to leave home. I’m convinced a whole lot of learning about the businesses we are building would take place, both at an individual level and the greater good we are trying to impact.

What do you think?

If you’re interested, email me on sell@theentrepreneurialmother.com and lets get it started… Never enough book reading and learning in the world I say!

 

TEMpting: how Business Sellers and Buyers have been tempted this week…

GET YOUR SCORE!

 

If any of these tickle your fancy,
please contact me by emailing  sell@theentrepreneurialmother.com
letting me know which one it is…

 

 

BS2 = Online Retailer
One serious contender it would appear. Should be sorted by next week.

BS3 Waiting on the Seller

 

SOLD!

 

BS8 Waiting on Seller
Was listed with another but no luck to date
Time to follow up next week.

 

BS9 = Specialist Leadership and Talent Management Provider
Completed Sellability Score.
Looking to a 2013-14 kick off, getting all ducks in a row in the meantime.

 

BS10 = Specialist Offline Retailer
Completed Sellability Score.
1st meeting completed, next steps discussed.
Promising! Waiting on financials.

BS11 = Hairdresser
Completed Sellability Score.
First chat booked March 26.

 

BS13 Specialist Equipment Provider
Completed Sellability Score.
Recommendations being pursued with favourable feedback.

 

BS14 Leading Book Supplier
Completed Sellability Score.
Financials received, analysis booked to be done next week.

 

BS15 #1 in Google for This Offering
1st meeting (phone call) completed, Stage 2 financials due.

 

BS16 Furnishings Importer, 60% owned.
1st meeting (phone call) completed, Stage 2 financials due.

 

The “Sellability Score” reports continue to dribble out each and every week. More calls to make as a result and more emails to send 🙂

 

Onwards and Upwards!

 

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