Would YOU buy your business?

It’s a poignant question for business owners when you really think about it.  Taking a step back and looking at a business objectively is very difficult when it’s the product of your own blood, sweat & tears. Still, as part of the valuation process it...

Making the most of your IP

In my discussions of late I have found very few business owners with a healthy appreciation for the intrinsic value of the intellectual property inherent in their enterprises.  Sure, most in service industries understand the need to capture operational information in...

The Earn-Out Alternative

Earn-outs are incredibly popular in sale/purchase transactions, particularly in IP- and principal-reliant business models (e.g. recruitment, marketing/communications, PR, management consulting).  The primary objective of the earn-out is risk mitigation, in which the...

Beware the unlicensed intermediary

In Australia, transaction intermediaries – such as Business Agents, Estate Agents, Corporate Advisors, etc. – are subject to a stringent licensing regime operating at both State and Federal levels.  The licensing system is designed to ensure only...

Beware the direct approach

We often receive calls from business owners who have been received an unsolicited approach from a potential purchaser, wanting advice on the offers that have been tabled.  This approach has often kindled an interest in or desire to sell the business, so the enquiry...