Succession planning for business owners is critical. When most business owners think of an exit plan, they think of selling the business. This act of selling the business and exiting or leaving the business is also called ownership succession.
In order to ensure this process is done to the level
Hire staff for your business
I was away recently and was speaking to a sole business owner who asked me the question, "how do I know I am ready to hire staff members"?
It struck me that this is a problem that many small businesses have and wondered what might be helpful
Selling a business - planning starts with knowledge of your "why"
Selling a business is the best way to exit your business and the planning starts years before. As a business owner, you need to begin a learning journey. The more educated you are, the better your plan and the better the
Buying a business with the end in mind
During my discussions with clients interested in buying a business, the question I am often asked is “When should I start planning for the exit of my business?”
If you understand these seven simple truths in this section, then it is logical the preparation of
Buying business - where to next?
Before deciding on the best way to exit a business, it is important to consider the reasons for this transition. Some people will retire, some will take an extended holiday and some will re-enter the workforce as an employee. Others will buy another business or
Buying Business - why and what makes a business attractive
The primary reason someone people are buying business is to get a return on the investment. Each potential acquisition will be judged on the level of future profits the buyer believes the business can generate, the level of risk attached to
Selling your Business
When thinking about buying a business it is also important to think about an exit plan or selling your business. A good starting point when preparing an exit plan is to understand how much your business is worth. This could be a formal or informal valuation.
You may wish
Increasing tax deductions for homeowners
The percentage of homeowners claiming tax depreciation on plant and equipment has increased in the past financial year due to owners turning their homes into rental properties.
The growth of homeowners renting rooms, using the share accommodation portals such as Airbnb or choosing to rent instead of
Townsville Property Market Update
The Townsville property market is showing signs of a recovery on the back of significant infrastructure and construction investment from government and private enterprise.
Dancing from the bottom of the market to its current position that is showing signs of a recovery, which has occurred many times over
Buying business with fixtures and chattels
When buying business and thinking about chattels, one may think of such things as moveable personal property such as clothes, furniture, and appliances as opposed to more permanent fixtures such as homes and buildings.
Fixtures and chattels refer to the things that are included in