When you embark on the entrepreneurial journey, it’s easy to get swept up in the excitement of building your business. But as seasoned business owners know, planning for the future is just as crucial as the day-to-day hustle. One aspect that often gets overlooked until it’s too late is creating a well-thought-out exit strategy. Whether you’re dreaming of sipping piña coladas on a beach or passing the torch to the next generation, having a clear exit plan is essential. But what are the top considerations when creating an exit strategy? Creating an exit strategy A business exit strategy is like ..read more

As a business owner, one question that may often cross your mind is, “How much is my business worth?” And for good reason! You’ve spent years building a business and it’s smart to consider your future and plan your exit strategy early. Whether you are simply curious about the value of your hard work and dedication or are considering selling your business in the future, knowing the worth of your business is an important piece of information. What determines business worth? Determining the value of a business requires a business appraisal. Here at Core Business Brokers, we’ll take a thorough loo ..read more

As a Sydney business brokerage, we understand the importance of maximising profits for our clients. In today’s competitive market, it is more important than ever to find ways to increase revenue and boost the bottom line.  But it’s more important than you think! Let’s identify the top ways to increase business profits, and more importantly – why it’s important when selling. Reasons to increase profitability Aside from the obvious (becoming more profitable), there is a key reason why this matters when looking to sell your business. And that reason is = It affects the business sale price. A ..read more

Are you thinking about selling your business in 2024? It’s a big decision that requires careful planning and consideration. Selling a business is not as simple as putting up a “for sale” sign and waiting for offers to come in. There are many factors to consider when deciding to sell your business, and it’s important to have a clear understanding of what goes into the process (and if you don’t, that’s where we come in!) Determine the worth of your business One of the first things to consider when selling your business is determining its worth. You’ll need to first analyse the financial health o ..read more

Selling a business can be a daunting and complex process, especially if it’s your first time doing so. Therefore, having the right business broker by your side can make all the difference. An experienced business broker (like the team at Core Business Brokers) can help you navigate the selling process, find the right buyer, and negotiate the best sale price for your business. However, finding the right business broker is crucial, and it’s important to ask the right questions before making your decision. Here are the top questions to ask your business broker when selling your business. Question ..read more

Deciding when to sell your business is one of the variables that can change the outcome and success of your business sale. With that being said, many business owners put emphasis on this variable, wondering “Is it worth selling my business now? Or waiting until later?”. Without a crystal ball in our hands, there is no way of knowing what is around the corner. However, there are certain things you as a business owner can do to alleviate risk and feel confident in your decision to sell now (or perhaps wait). Let’s find out what they are… Assess the market: Conduct a SWOT analysis on your busin ..read more

With interest rates higher than in previous years and inflation sitting at an elevated level, it’s not surprising that you’re wondering whether selling your business in today’s economy is a good idea. As a major city and financial hub, Sydney offers a multitude of enticing business prospects. However, given the bustling nature of the market, both buying and selling a business in Sydney and beyond can prove challenging. In this blog, we will explore the current economic climate in Australia, with an emphasis on Sydney, and discuss how engaging a professional business broker can prove to be your ..read more

The decision to sell your business is never an easy one. Questions swirl around your brain as you wonder what your business is worth, whether the sale will be successful and how the business sale journey will unfold. Being the beginning of the year, business owners who are looking to sell may deem it a perfect time to list their business. But is there merit to that assumption? Should you sell your business in January? This month, we’re going to debunk the common myth that listing your business for sale in a specific month guarantees success. In reality, sellers should focus on analysing a numb ..read more

Looking to market your import business? As an owner of an import business, you understand the importance of strong marketing strategies to promote your products and reach potential customers. In this blog, we will explore some of the top marketing strategies for import businesses and how they can elevate your business’ visibility and success. Ultimately, making your business more profitable assists when preparing your business for future sale, setting the stage for long-term success. So, let’s get started! Utilise SEO to Enhance Online Visibility: Search engine optimisation is crucial for busi ..read more

Manufacturing businesses can be extremely profitable, but with these high profits come higher overheads and potential risk factors. Many entrepreneurs find themselves pondering this very question, wondering if such a significant investment is truly worthwhile. Well, allow us to shed some light on the matter and help you make an informed decision when you ask yourself, is it worth buying a manufacturing business? Are manufacturing businesses good investments? Firstly, let’s acknowledge that buying an existing manufacturing business can be a game-changer. It offers a unique opportunity to step i ..read more