by | Feb 7, 2014 | Uncategorised
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
Spent much of this week working on one particular sale and continuing to explore the sale option with a number of Business Owners keen to chat.
There is a growing sense that now is the time to buy a business, especially is looking for a capped price. The reason being is that as more quality businesses come on to the market (as they are predicted to do), the prices will rise. So if you want to talk to me about your long held wish of being a business owner, seems like now would be the time to do so…
GOT A WEBSITE FOR SALE?
If yes, please email me at dhall@businessbrokers.com.au
And you…what does 2014 bring?
If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…
FOR SALE…
BS30 Online Venue Business
Completed Sellability Score
2 new inquiries have come through and waiting to hear back from them
BS43 Tourism
Deposit locked and loaded. Settlement set for February 10.
When it’s a good thing, it pays to act quickly.
BS49 Home Help…
One party is very interested. The potential has been well and truly revealed so it’s down to price and the level of comfort required to “pull the trigger” as they say in the classics!
BS53 Balloons! and all that goes with them…
Such corporate appeal, so untapped. It’s waiting for the savvy operator that can see past the retail component and tap into it’s possibility as a warehouse servicing the larger players. And it probably needs to be a local. Shall do a database trawl and see what that reveals too.
BS57 Online Business
Signed good to go. It’s making money and it dropships! Have received signed authority’s and in the process of developing the IM now. Stay tuned.
OR
Are you interested in
- a particular event
- event management
- corporate cleaning offering
- specialty educational toys
If yes, let me know as these revealed themselves this week…
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!
by | Feb 6, 2014 | Uncategorised
Pretty much! In one way or another, you will have been exposed to the ongoing increased interest in the property market. You know, where they buy a house that needs renovations, they do the work, and they may or may not sell it once done.
This basically mirrors what can be done with web sites. But, it has way more upside.
You can buy a web site a whole lot cheaper than a house.
You can perform “renovation” exercises without getting your hands dirty.
You can sell it again, once fixed.
You can keep it and keep the benefit.
And if for any reason it’s not as successful as hoped, you’ve not laid out a ton of money. Perfect for those who are somewhat risk averse!
It’s possible to make an investment of a few hundred dollars to start with some time, increase that investment at a rate
of return that’s unheard of.
Like any deal, is about the steps involved in:
- assessing a web site as an investment
- valuing a site
- the negotiation process
Over the ensuing weeks, I’ll spend time investigating each of these points in more detail.
Whether you treat this as a business in its own right or whether you’re looking for a bolt-on, as part the Online Strategy for your existing business, the same principles still apply…
by | Feb 5, 2014 | Uncategorised
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, getting strategic about WHAT it is you’ve got and how it is someone else could do it is key. The Online Strategy question features more and more as part of this discussion.
What is the “story” of your Business?
Each business has its evolutionary history, as well as its current story, which is all-important. More buyers now are also asking about the online history and requesting the statistics to back it up. If you’ve gone down the path of being online, be sure to track all the important information about this channel, as it will be requested. If you have not got online (yet), there needs to be an apparent “why” to satisfy the question.
What does your Business sell?
List everything; not just the features, but the benefits to your consumers as well.
- Why do they buy from you?
- Did your Business always conduct business the way it currently does?
- If not, what has changed? Why the current choice?
- What other options are open in your market that you haven’t done yet?
These questions definitely require an online and offline response.
How can you prove how well your Business Model has been working?
Profit – that’s what a buyer wants to know about.
This scorecard is very important to a prospective buyer because that’s what they will base a lot of their “valuation” decisions on. The records, both offline and online, provide evidence that your Business is the worthy asset you claim it is.
Starting with the end in mind TODAY, regardless of how old your business is, means you can start to, slowly but surely, assemble, lock in and gather the answers to each one of these questions, to be able to convey to a potential buyer WHAT it is they are buying…
by | Feb 4, 2014 | Uncategorised
Most contractors would rather live with the frustrations they already have rather than risk enduring new frustrations. Rather than open up to the possibilities Life offers, they prefer to shut their life down to respectable limits. (Gerber)
If you don’t have a clear picture of when you want out, your business is the master of your destiny, not the reverse. In order to do so you have to focus on the point in the future when you will take leave of your business. Once done, reconsider your goals in that context, being very specific.
You’ve got to think of Time with a capital T.
The Big Question, with a capital Q is: How do I wish to spend the rest of my Time?
Your Time, your Life, is the most valuable asset you have.
Until you see Time for what it really is – your Life span – you will always ask the wrong question.
You cannot manage Time; you never could. You can only Live it! (Gerber)
First off is the Strategic Work, which is all about:
- why?
- what?
- who?
- when?
- where?
- what business am I really in?
- why am I in that business?
- who specifically is my business determined to serve?
- when will I sell this business?
- where will this business be doing business when I sell it?
Strategic Work is the work you do to design your business, to design your life.
Tactical Work is the work you do to implement the design created by Strategic Work. (Gerber)
Organise your thoughts first and then your business…
Right Thinking leads to Right Actions
THINK about what you want to do. Having thought it, you must then DO it…
by | Feb 3, 2014 | Uncategorised
for ChangeThis.com
“No one is looking out for your career anymore. You must find meaning, locate opportunities, sell yourself, and plan for failure, calamity, and unexpected disasters. You must develop a set of skills that makes you able to earn an income in as many ways as possible.”)
The new world of work requires a new lens and skill set to ensure career success. You must create your own body of work as you operate in different organizational systems and structures.”
By Pamela Slim for ChangeThis.com
