Now that we’ve had a chance to catch a momentary breath, thought it worth sharing with you what we learnt from the GFC as a gauge to how this current situation may play out:
Beat the Rush! Unfortunately, there will be business failure fallout due to what’s happening but not just yet. Quality business to buy is available now and will be for the continued foreseeable future, or at least until the distressed ones start hitting and clouding the market. Being in front of the Buying pack will work in your favour.
Buyers continue to look to buy businesses, with our inquiries over the last week the highest they’ve been in some time.
Buyers do so because it is a good time to seek out opportunistic acquisitions of quality, or looking out for perceived bargains, or even for Income Replacement due to job loss.
Granted, it may take a little longer to transact, and all your risk-averse advisors will say the time is not right, but the longer time a business is in the market, it will give continued exposure, meaning more Buyers can come forward.
The market will take time to settle. You as the Buyer therefore may need the Owner to be around longer than first intended. This can be good as it will give some certainty of mutual support in sharing the risk, as well as the possible option of a reduced agreed payment upfront as well.
A good business it will stand out. A good business will always find a Buyer.
All of that said — nobody knows how far away waiting for a “better time” will be…
If now is the time to act for you, please subscribe on our Watchlistand be notified each and every time all businesses come on the market through our network.
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
Online Businesses are booming. It makes sense then that we are seeing an increase in the number of online businesses for sale, some well-established and some start-ups. A relatively new area, how does the sales process differ from a bricks-and-mortar business?
The fundamentals still apply; it’s only the business model that is different.
Win Charles’ Books. Hope and Life, my journey as a disabled woman living in a Non-Disabled world. Smile with Dictation
Recently I had the good fortune of being able to have a chat with the very talented Win Kelly Charles on the PODCAST Ask Win!
Unsurprisingly, the conversation got to the Exit part, where I asked what plans she had in place should she decide not to continue with her business and books etc.. She surprised herself by not being able to answer this! She had spent so much time setting up her business over the years, and more recently her Trust, that what should happen to it if she wasn’t around had not entered her mind as something in need of consideration. She assured me she will address this, pronto!
Podcast host, Win Kelly Charles, has Cerebral Palsy and her mission is to help others with physical and mental disabilities to find their voices through written or spoken word and using today’s assistive technologies as needed.
Ask Win is a podcast about celebrating life with people from different walks of life, with a focus on those sharing their stories through writing books and/or blogs, taking a look into daily life issues and how we mold our creative freedom through interviews with independent artists and authors.
Attendees can pick and choose the presenters they wish to see, engage in question and answer forums, or enjoy the convenience of accessing information for three months after the event. And it all takes place in the comfort of a business operator’s office, home or even while you’re on holidays.
The Inaugural Small Business Skills Summit will cover all the essential areas of business, with topics including business mindset, identifying the ideal customer, wellbeing, the business bottom line, and marketing.
The event will also feature handouts, key takeaways and be supported by dedicated Facebook community where presenters will be available on the day of their presentation to answer any questions about the topics covered.