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.
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.
Read this now in the latest Coast to Coast Magazine – Australian Businesses for Sale.
FREE Appraisal from this viewpoint…
CONTACT ME https://www.theentrepreneurialmother.com.au/talk-to-me
Start this new financial year off with a line-in-the-sand Appraisal as to the worth of your business, so you can make informed decisions towards your ultimate goal of EXIT (whether this be planned or not!).
For you, this will be complimentary with my pleasure…
#appraisal #sellbusiness #buybusiness #businesssales #xcllusive #denisehall
It might just be, and here’s why… January is often when prospective business buyers have the time to sit down and do a bit of forward planning and subsequent investigating. So, if your business is not on our website xcllusive.com.au, or one of the other business-for-sale type sites, then it cannot be found. Meaning now is the time to do the pre-work to get the business on the market by end of 2018, in readiness for business shoppers at the start of 2019.
If you’re unsure when to pull the trigger, there are typically 3 considerations when thinking about selling your business:
- Financial (money driven)
- Freedom (personal driven)
- Legacy (business driven)
Whilst Financial is often the one that is led with (because it is the most tangible place to start), it is not the only reason to sell. Freedom and Legacy play equally important roles in determining when to go to market and even who to sell your business to.
With really good food, indulge your brain, learn business secrets from industry experts and revitalise your business by attending our Business Builders Bonanza Sales and Cashflow event on August 11.
If you want a little extra enticement, then come for the excellent catering that we supply. With 4 hours of seminar style learning with Q&A opportunities followed by a relaxed couple of hours to enjoy luxurious food and wine and continue to pick the brains of our speakers, this is not an event to miss. It’s a golden opportunity to expand your business goals and further your growth.
Jump in now and get your tickets here: https://rebrand.ly/SALESANDCASHFLOWMEETUP
Here’s the question that stopped Kerry Ann Nelson, organiser of the Business Builders Bonanza dead in her tracks: “How can you not, as a Business Owner, know what your Business is Worth at any given time?” So she asked me, as an ex-Business Owner turned Business Value Analyst, Exit Strategist and Broker to Business Owners of Australia, to talk about this very topic as part of the “Sales and Cashflow” topic on August 11.
Building a Business into an Asset (as well as a Cashflow vehicle) may result in it being possibly the largest asset you’ll ever own, if not second after your home. So by NOT considering all angles may result in all the blood, sweat, tears, time and money you’ve invested resulting in close to nothing!
According to recent statistics from the “Centre of Women’s Business Research USA”, only 3% of women-owned businesses reach $1million revenue or more. Highlight women who are also the primary breadwinners, that % is even lower. I am proud to feature in both categories.
Blend this breadth of experience and execution together with having sold my 7-figure business (plus two smaller ones) and subsequently assisting many others to do the same since then, you can see why Kerry Ann sought me out to discuss this further in the context of Sales and Cashflow.
Come on August 11 and learn how establish the true value of your business, how to increase that value with a strategic plan you implement over time, and how to develop an exit strategy that allows you to GET OUT as profitably and seamlessly as possible whenever you are ready.
This is the MUST DO Event for Business Owners with their end game firmly in mind. Register today and we’ll see you here https://rebrand.ly/SALESANDCASHFLOWMEETUP