Biggest mistakes when selling a business
With almost 90 years in operation, Core Business Brokers knows the Sydney business market & know the biggest mistakes when selling a business
Business Broker Tips
We’ve been doing this a very long time. We’ve seen a lot of businesses sell well and those that needed some help to be ready for sale. Here are out tips on successfully exiting (and entering) a business.
-
-
Different types of exit strategies
There are many different types of exit strategies. Also known as ‘succession plans’, they’re an essential planning tool that every business owner should employ.
-
How can Goodwill Increase Business Value?
Goodwill is an important component of a business. Not only does it contribute to the sale price of the business, but it also contributes to a business’ success. You may be wondering “how can goodwill increase business value?” Because goodwill is a combination of intangible assets that come together to strengthen the business and increase profitability.
-
Selling your business as a going concern
What does “selling your business as a going concern” mean? We break down this term, the process & the top things to consider when selling your business.
-
Selecting the right profit measure
An important step when selling your business is selecting the right profit measure. But how do you know which one is appropriate for your business? You may have heard the acronyms NPBT, NPAT, EBIT and EBITDA floating around, but do you know what they mean? Let’s break down the most common profit measures and when…
-
Top 3 mistakes when buying a business
The most common mistakes boil down to 2 components; a lack of research and knowledge AND leading with your heart instead of your head. Let’s shed some light on the top 3 mistakes when buying a business.
-
Are you ready to sell your business?
Have you noticed certain changes in your business lately? Profits starting to plateau, the passion beginning to wane, the work/life balance out of whack, or the net income not making ends meet? It may be time to hand over the reins, but the question is. Are you ready to sell your business?
-
Industries on the rise in 2022
The Covid-19 pandemic has sent the world into a spin (and not the normal kind!). Industries have declined rapidly across the last 3 years, and on the flip side, others have found their niche and excelled; forming our list of industries on the rise in 2022.
-
What do buyers look for in a business?
If you’re considering selling your business, you may be wondering… what do buyers look for in a business? By making your business attractive to prospective buyers, you will likely achieve the optimum sale price and the entire business sale process will run more smoothly.
-
A BUSINESS SALE GUIDE
If you’re considering selling your business, have we got the guide for you! We’ve decided to put together a handy business sale guide to assist business owners when entering their business sale journey, particularly if it’s their first time selling a business.
-
How Goodwill Impacts a Business Sale
Buying or selling a business? Then you’ve come across the term ‘goodwill’ before. Goodwill can affect the price of a business.But the big question here, is why?
-
Buying a Business FAQs
Buying a business can be a time consuming and intricate process, especially if you’re entirely new to the process! So this month we thought we’d address some of the top ‘Buying a Business FAQs’ we get asked here at the Core Business Brokers Sydney office.
-
The pros and cons of online businesses
Thinking about buying (or potentially creating) an online business? E-commerce businesses are everywhere in 2022, and for good reason. They’re cheaper to establish, have a range of growth options and allow the owner a chance to establish the work-life balance of their dreams. But are online businesses all smooth sailing?
Here at Core Business Brokers, we wanted to break down the pros and cons of online businesses, to allow you to make the best possible decision when it comes to entering the market.
-
Top 3 mistakes made in business sales
Here at Core Business Brokers, we’ve identified the top 3 mistakes made in business sales, and why they should be considered before the sale process begins.
-
How to create a loyal customer base
65% of sales come from existing customers. But how do you create a loyal customer base? Read more as we uncover 8 ways to create loyal customers!
-
How Cash Flow Affects a Business Sale
Many factors affect the sale of a business; environment and market conditions, competition, profit and loss… the list is long and variable. But one of those variables worth mentioning today is cash flow. Cash flow can positively and negatively affect a business sale. Why? Let’s first explain what cash flow is…
-
The Power of Social Media for Business
As the years ticked by, businesses became aware of the power of social media for business sales. Companies great and small had ad campaigns on Facebook and Instagram, LinkedIn was created to cater to a business market and fast forward to now… social media is one of the best business tools you can use today!
-
The Business Sale Process Explained
nvolved each step of the way. Enter Core Business Brokers. With over 85 years of collective experience in business broking in Sydney, let us guide you on your business sale (or business purchase) journey!
-
Stock sale VS. Asset Sale: What’s the difference?
In the world of business sales, there are many options when it comes to buying and selling. Two of these options are stock (also known as shares) sales and asset sales. These two types of business sales are commonly experienced by businesses acquiring other businesses (or part of them), mergers and more. But when it comes to stock sale VS. asset sale, which type suits your goal? Let’s find out!
-
What makes a successful business owner?
Success means something different to each individual. For some, it may mean earning enough to save a particular amount on top of your weekly wage in order to afford a holiday each year. For others it may mean enjoying going to work every day, being content with making financial ends meet.
Regardless of your definition of success, let’s find out what makes a successful business owner in our latest blog!
-
Liquidation and Administration – What’s the Difference?
When a company enters insolvency, there’s a few roads they can venture down before closing the business for good. Two of these options are liquidation and administration – but what’s the difference between the two? Although not something we deal with here at Core Business Brokers, our goal is to always educate our business owners…
-
How to choose the right business
Buying a business is a big decision. For many, it’s a once-in-a-lifetime moment that they spend years (and years!) contemplating. The thought of being your own boss, making an impact on your customers and reaping the rewards of your hard work are generally the drivers in deciding to buy. But most people come to a halt when it comes to one thing… How to choose the right business!
-
Should you sell your business after its most profitable year?
A question we hear frequently here at Core Business Brokers, is “When is the best time to sell my business?” Now, there is no black and white answer to this question. However, the best time to sell your business, is when your business looks the most attractive to potential buyers. Does that mean you should sell your business after its most profitable year? The short answer is “yes”. Let us explain
-
Is GST payable on the sale of a business?
According to the Australian Taxation Office, GST is “Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.” However, there are certain situations where goods and/or services are GST-free, and others are GST-exempt. The big question is, will a buyer incur GST on a business sale? Let’s explain…
-
Case Study: Garden Hardware Business
With over 35 enquiries in the first 60 days of listing, a suitable buyer was found… then Sydney went into strict lockdown and the arrangement became impossible.
See how we found a way to overcome this impediment with determination and out-of-the-box thinking. Plus read what the Vendor and Buyer had to say.
-
What is due diligence?
Due diligence is a common term for investigating and fact-checking legal and financial details prior to a transaction being completed. But what is involved in the due diligence process? Let us explain.
-
Should you advertise during COVID-19?
With many businesses experiencing trading restrictions and continuous lockdowns, it begs the question “should you advertise during COVID-19?” The short answer? YES! Let us explain why…
-
Business Sale Success During Covid-19
Many business owners are cautious about selling their business during the global pandemic. But it is possible to achieve business sale success during Covid-19.
-
Buying a Business VS. Starting From Scratch
Want to be your own boss, work for yourself, establish a business and watch it grow? Then you’ve probably asked yourself this question already… Should I buy a pre-existing business or start from scratch?
It’s a valid question and an important one at that – as there are pros and cons to consider for each option. So, make things a little easier to digest, we figured it best to break them down for you! -
Business Broking – Myth Buster Edition
business broking, business myths, myth busters, business facts, business fact or fiction, fact or fiction, broking facts, broking myths, business broking revealed, business brokers myths,
-
Q&A with Rad Benicky
We recently sat down with Core Business Broker and knowledgeable Businessman, Rad Benicky to find out what makes him tick and learn about his key business tips!
-
Getting to Know Core Business Brokers
AN INTERVIEW WITH PETER GOLDING AND ROY LEVY Getting to know your Business Broker is an important part of your decision-making process when looking to buy a business or beginning your sale journey. Here at Core Business Brokers, we pride ourselves on our customer relationships, professionalism and the importance we place on trust, honesty and…
