Why it might pay to become a buyer

I was introduced to a new client recently who had taken great pains to set his business up for a successful sale.  Growth was solid, management strong, systems up to date and contracts in place with top clients at good margin.  The financial profile suggested an...

The 7 Deadly Sins of Business Sellers

I was reminded again recently by a now former client of how little most business owners know about and appreciate selling a privately-owned concern, how unrealistic their expectations are, and how loath they are to recalibrate their expectations based on market...

Do you run a Business… or a Practice?

This may seem like an abstract question at first, however it is abundantly evident that the exit options available to a business differ significantly from those of a practice.  This is a particularly vital distinction in the business & professional services...

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...