Whether or not you are planning to exit your business any time soon, being Exit Ready makes good business sense. A business owner often cannot determine the time to exit a business due to health, divorce, economy, industry changes and direct approaches to acquire the business. By having your business Exit Ready, you can minimise […]
Cashed up companies seeking to expand, will often court smaller players in the market. If you are one of these smaller players, once you get past the flattery of a larger company thinking you may be a suitable acquisition, how do you react when approached? Here are some mistakes to avoid Rushing to a Terms […]
Do you know how much your business is worth and whether or not it is increasing in value. If your business is not increasing in value, then you are destroying value. Here are 9 tips to assist you in determining whether or not your business is likely to increase in value his year. 1) Profits […]
Kenny Rogers – The Gambler Lyrics (1978) If you’re gonna play the game, boy you gotta learn to play it right You’ve got to know when to hold ’em Know when to fold ’em Know when to walk away And know when to run You never count your money When you’re sittin’ at the table […]
Endeavour Capital is an expert in assisting insolvency practitioners to sell distressed businesses. We have developed a specialist team and a three step process to sell businesses under external administration and achieve a faster result at lower cost. As we are in the business of selling businesses, we have developed marketing and operational systems to […]
Is now the right time to grow your business by acquiring another company? Many business owners are asking themselves this question, particularly given the current availability of finance for acquisitions. Before you jump in and make an acquisition – does the potential acquisition pass the following tests? 1. Why do you want to buy the […]
It may be surprising that there are no formal restrictions to practice business valuation in Australia, unlike tax agents, auditors and business agents. What qualifications? Fortunately both Chartered Accountants and Australian Institute of Business Brokers have identified the need for a business valuation specialisation and each have developed separate accreditations. Chartered Accountants has recently introduced […]
If selling business is not what you do for a living it is best to learn lessons from others. Most business owners will not get a second chance to do it well, and it is such an important process for your employees, your customers, and your bank account that you want to maximize your chances […]
I was at a Chartered Accountant Business Valuation Specialisation group meeting the other week and we were talking about earn outs and the presenter used a useful phrase that “earn ours are the price of owner dependency”. What are earn outs As business and practice brokers, we often see earn outs in services businesses, where […]
Is a liquidator or administrator that sells an insolvent business using a process that is materially different from that currently used by business brokers and corporate advisers breaching their fiduciary obligations to the company? Selling an insolvent business has additional challenges to other business sales including time pressures, quantity and quality of available information, knowledge […]