The answer is YES for 63% of those we asked, based on this questions “Would you consider buying a percentage of a business now with an option to buy the rest when the situation resolves”?
(Q8 from the Xcllusive Business Buyers Report – April 2020)
We saw a little of this pre-COVID 19 but expect this method to increase in the future. It means the buyer and the seller will share the risk. This is very encouraging for the future.
Complimentary to this: What are the characteristics that will compel you to buy in this environment?
Low fixed overheads relative to sales level
Good forward plan
This is something business owners can do now to prepare their business for sale.
If you’re considering selling, have a really good look at your overheads – there’s never been a better time to renegotiate and reduce your overheads. Create a short but solid forward plan using bullet points to show the direction of your business..
To find out what else Buyers has to say, go here to read the full Report.
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
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.
This August, business operators will have the unique opportunity to access some of the finest experts in the small business realm, courtesy of a skills summit delivered directly to them online.
Featuring myself plus 60 presenters and spanning 11 days, the summit will cover all the essential areas of business, with topics including business mindset, identifying the ideal customer, wellbeing, the business bottom line, marketing and how to get out!
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 they’re on holidays.
An initiative of Business Business Business, the Small Business Skills Summit was designed to offer business owners the best tools and expertise available in a convenient, accessible form.
“We know the power that knowledge and learning offer businesses, and we also get that the demands of being a small business owner make it hard to get away to attend seminars for days”
“That’s why this innovative seminar has been crafted to deliver skills and advice directly to their door.”
Months in the planning, the Small Business Skills Summit lineup features experts ranging from business coaches to PR and marketing professionals, accountants and seasoned entrepreneurs.
It will provide an insight into business best practice but also offer a forum for business operators to ask questions of presenters.
The summit is supported by handouts and a dedicated Facebook page where presenters will be available immediately after their presentation to take questions on the topics covered.
Business operators can opt to log on and watch a presentation, then take part in the Q&A on the day, or choose to watch the presentations at their leisure in the three months that follow.
Attendees can pick and choose the topics that interest them, or embrace the entire program for the full gamut of skills available.
The Small Business Skills Summit runs from August 6 to 16, with enrollments OPEN NOW