Investing in a business is a strategic financial decision that can yield lucrative returns and long-term benefits. For individuals seeking to diversify their investment portfolio or aspiring entrepreneurs looking for established opportunities, buying a business can be a compelling avenue. This article explores the various aspects of buying a business as an investment, highlighting the potential rewards, considerations, and strategic approaches that investors should take into account. 1. Strategic Investment Planning Aligning with Investment Goals Before venturing into buying a business, invest ..read more

Buying an existing business can be a strategic move, providing a head start in entrepreneurship with established operations, clientele, and revenue streams. However, ensuring that you buy the right business is extremely important. In this article, we explore key steps and considerations to guarantee that the existing business you acquire aligns with your goals and sets the foundation for a prosperous venture. Read: Starting vs buying a business compared 1. Define Your Criteria and Objectives Clarify Your Goals Before diving into the process of buying a business, clearly define your criteria an ..read more

In the dynamic landscape of business, strategic decision-making is paramount to long-term success. One strategic move gaining increasing attention is the decision to strategically buy a business. This article explores ten compelling reasons why businesses should consider this approach, offering valuable insights into the myriad benefits that strategic acquisitions can bring. Immediate Market Entry and Expansion Rapid Growth One of the primary advantages of strategically buying a business is the immediate market entry and expansion it provides. Instead of embarking on a slow and uncertain organ ..read more

Is Using a Business Broker Worth the Investment? When it comes to buying and selling businesses, the role of a business broker stands out as a crucial intermediary. The decision to buy or sell a business is one fraught with complexities, and the question of whether using a business broker is worth the investment looms large. Exploring the Role of the Business Broker A business broker plays a pivotal role in facilitating the sale or purchase of a business. These professionals are adept at navigating the intricacies of negotiations, valuations, and legalities. The key components of a business br ..read more

After buying a business, it is in the new owners’ best interest to start thinking of ways they can add value to the business which can be implemented over time. How you will adding value to a business you intend to buy is one of the questions you need to ask yourself when buying a business. There is not just one method to add value to a small business that you intend to purchase, there are many. Depending on your business, there are numerous ways to improve the performance and ultimately the profitability of the business. As the new owner shouldn’t make too many changes too quickly as the tran ..read more

Buying a business and becoming your own boss can be very exciting. Not only that, but there are many advantages to acquiring an existing business such as possible existing customer base, suppliers and experienced staff, however, there are important things to consider before making a deal with the seller. Do I need a lawyer to buy a business? Yes! Buying a business is not as simple as buying groceries. It is critical that you do your due diligence before purchasing a business and find an experienced business purchase lawyer. There are many things to consider but a business purchase lawyer can a ..read more

When enquiring about a business for sale, it is common for the seller or business broker to ask you to sign an NDA or confidentiality agreement before discussing the business’ sensitive information. What are non-disclosure agreements (NDA) and confidentiality agreements? A non-disclosure agreement (NDA) is a legally binding contract that is used in situations where sensitive information is to be shared between two or more parties. Non-disclosure agreements are also known as confidentiality agreements. By signing the agreement, the party or parties who gain access to the sensitive information a ..read more

Reasons why you should prepare your business for sale If you are looking to sell your business, it is a good idea to prepare your business prior to selling. Due to the recent pandemic, there will be many businesses up for sale so it is up to the seller to present their business in a way that makes it stand out of the crowd. As is the case with selling real estate where sellers tidy up and stage their property prior to selling, business owners hoping to sell should prepare their business for sale to help potential buyers see and understand the value of their business. Buyers will want to know y ..read more

Freehold and leasehold are common terms used in Australia when buying or selling an accommodation type of business. The terms freehold and leasehold refer to the ownership or lease of the underlying property. Before making a decision to buy a motel or bed and breakfast, it is important that you know the differences between the two terms to understand what assets are included in with the business. What does a freehold business mean when buying a business? A freehold business means that the buyer is essentially buying both the business and underlying property. If you were to purchase a freehold ..read more

What commission do business brokers normally charge sellers? It is common for business brokers to charge a commission between 5-10% of the final business selling price as well as an upfront fee for marketing or advertising. The structure of fees varies from broker to broker and can be influenced by the value of the business being sold as well as the work required to sell the business. Business brokers usually charge a commission with a higher percentage if they expect the business’s final selling price to be too low amount. It may be possible to negotiate a lower commission rate If the selling ..read more