Choosing your advisory team

The vast majority of business owners I come across who commence the sale process have no previous experience in selling (or even buying) a business.  Whilst strong business acumen helps considerably, the M&A process is quite complex in its entirety and littered...

Business Owner Tips: Preparing your agency for sale

The old saying goes that there are only two sure things in life: death and taxes.  If you are a business owner, you can add a third “sure thing” to the list: you will, at one time or another, exit your business.  (Let us hope that it is a voluntary decision, and not...

The development of an Exit Plan

In June 2004, the BRW commented on research into the exit plans of closely-held business owners published by CPA Australia thus: “In the next five years, tens of thousands of small businesses will be up for sale.  Many will not find a buyer.” The fundamental causes of...

Structuring an exit in challenging times

The global economic crisis is presenting a new set of challenges for the business owner seeking an exit as well as for the discerning buyer.  Press reports indicate a larger than usual number of businesses on the market and a decrease in successful transactions as...

Top 10 tips for thriving in a volatile market

When the world’s greatest investor, Warren Buffet, deems the current market ripe for US$8 billion cash investments in two of America’s blue chips (Golfman Sachs and GE) – even when the majority is engaging in panic selling and fleeing the market...