Businesses don’t have money problems. They have idea problems. Faisal Khan That’s quite a bold statement. We think a business’ success comes down the skills of it’s leader. If they are resourceful, keep their eye-on-the-prize, determined, persistent and spend time thinking and implementing the “right” things, it’s inevitable that the business will succeed. However, when …
Two ideas to turn your struggling business around Read More »
We are quite a pragmatic and understanding company. And we know plans always change and never go perfectly. That’s because taking over a business is quite emotional; for us and the exiting business owner(s). But there’s a few things we like to do to make it go as smoothly as possible. Here’s our list of …
Most business owners think they are in a position to sell their business at any time. This is a myth. More than 50% of businesses sold on the biggest websites in the UK don’t sell. Many are listed for years with no interest from anyone. Many businesses have very little sellable value because the business …
Facebook has acquired 72 companies. Amazon has bought 101. Tesco has acquired at least 11. Virgin bought FlyBe. Sainsburys tried to buy Asda. Business acquisitions are going on all around us. But what’s the logic to this madness? The question everyone asks is, “Why don’t you just start your own companies?” Our answer is covered …
Why we’ve chosen to grow our businesses through acquisition Read More »
It’s true. Buying a business is less risky than starting a new one! Buying a business is the alternative to starting a new one. And, if you follow the statistics published by the government, you’ll already know that a vast majority of start-ups fail. (More than 90% of businesses don’t last longer than ten years, …
The advantages and disadvantages of buying an established business Read More »
When buying a business, there are several things that you need to consider beyond the purchase price and how you intend to fund and pay for it. When you’re visiting or speaking with the owner of a business, you should ask questions that cover the following – History Culture Accounts Regulations Employee benefits Contracts Premises …
Selling a business IS stressful. Not only do you need to keep running your company but you must also juggle getting dozens of documents ready, bringing your financials up to date, as well as make time to meet potential acquirers. The last point can result in a lot of time being wasted if you don’t …
4 questions business sellers must ask their buyer Read More »