Managing the Transition of Your Business Sale!
Business NewsManaging the transition period after a business sale is a critical phase that can greatly impact the success of the transaction and the future of the business. Here are key points to consider when managing the transition period: Effective Communication: Clear and open communication is essential during the transition period. Ensure that all parties … Continue reading →
Securing Your Retirement: The Importance of Succession Planning
Business NewsAs a business owner, your business is not just a source of income but a culmination of years of hard work and dedication. Planning ahead for the eventual sale of your business through succession planning can significantly impact your retirement and pave the way for a more comfortable future. By strategizing and optimizing the sale, … Continue reading →
Getting Your Business Ready for Sale: A Simple Guide to Prepare for the Big Step
Business NewsThinking about selling your business? Congratulations on starting this exciting journey! Whether you’re planning to retire, explore new ventures, or simply cash in on your hard work, preparing your business for sale is a crucial step to ensure a successful and rewarding process. In this friendly and easy-to-understand guide, we’ll walk you through the essential … Continue reading →
Choosing the Ideal First Business: Exploring Industries with High Survival Rates
Business NewsBuying a business can be an exciting but challenging endeavor. One of the crucial factors to consider is the likelihood of success and long-term survival. While no industry is entirely immune to risks, certain sectors have shown relatively high survival rates over time. In this article, we will explore five industries, namely Laundromat, Self Storage, … Continue reading →
Looking to buy a business but need finance? Here are a few simple tips to help you move forward.
Business NewsRaising finance to buy a business can be a daunting task, but there are several ways to do it. Here are some steps you can take: Sector experience: Before you start raising finance, it’s important to have experience in the sector you’re interested in. This will help you understand the market and make informed decisions. Current … Continue reading →
Podcast with Joanna Oakey of aspect legal discussing technology in Business Broking and Business Sales
Business NewsWelcome to an exciting episode of The Deal Room Podcast. I’m Nigel Hall, the Director of Transactions at Bonza Business and Franchise Sales, and I’m thrilled to be joining Joanna Oakey, your host for this engaging conversation. With my involvement in four exits and 22 transactions, coupled with my role as an angel investor in … Continue reading →
Posdcast with Aspect Legal on Market Trends in Business Broking and Business Sales
Business NewsIn the latest episode of The Deal Room Podcast, I, Nigel Hall, had the pleasure of joining the wonderful Joanna Oakey as we delved into the exciting world of market trends and financing options for buyers. You can listen to the full episode here. Despite recent rate rises, I’m thrilled to report that we’re witnessing … Continue reading →
The Deal Room Podcast, Nigel Hall chats with Joanna Oakey from Aspect Legal, in an “Ask me anything” episode!
Business NewsWelcome to The Deal Room Podcast’s Ask Me Anything episode, featuring yours truly, Nigel Hall, Director of Transactions at Bonza Business and Franchise Sales. In this insightful discussion, hosted by Joanna Oakey, we delve into the realm of business sale advice and the crucial role accountants play in the process. During our conversation, Joanna and … Continue reading →
When Should I Sell My Business?
Business NewsThe Why If you need a fast sale, then you should probably price your business accordingly. This may mean achieving a lower price than it could have been if you had more time. For most, a fast sale is dictated by a change in financial performance, a new and better opportunity, personal health or family … Continue reading →
Think your business could be unsaleable?
Business NewsWhen you started or purchased your business you did so with certain targets in mind. These may have been monetary targets, lifestyle targets or simply becoming independent and not reliant on the whim of other business owners with regard to security of income. Many business owners achieve exactly that. And we have plenty of examples … Continue reading →
Top 3 methods of setting your asking price!
Business NewsThere is no one correct asking price but more a selling price range that you are likely to achieve. Depending on how quickly you want to sell and how strongly your business is performing, the range can be quite wide. Don’t worry too much about this because you will accept the offers that make sense … Continue reading →
The 12 Must Read Steps to Getting Your Business Sold before You Speak to a Business Broker!
Business NewsWhether you decide to “go it alone” or hire a professional broker to sell your business, you should know the key twelve points to getting your business sold before you start! Set a Realistic Price for Your Business One of the key factors in getting your business sold is to position it where the … Continue reading →