RedCap Consulting - Experts in the business of helping people starting a business. RedCap Consulting in Collingwood Park Qld can help you.
If you’re planning on becoming your own boss, you no doubt already know that a plan for your business is essential and you’ve probably heard the expression “businesses don’t plan to fail, they fail to plan”. But what are the other considerations that are going to be just as important to your success?
The biggest area of change that I have with my clients is in the arena of SHIFT their MINDSET! Changing the person's mindset of being an employee to one othat embraces the Mindset of Being a Business Owner.
The second area of Mindset Change is to help people understand that Personal and Business are separate entities and MUST be treated separately at all times
COMMON QUESTIONS TO CONSIDER
HOW WE CAN HELP
WHAT TO DO NEXT
For expert business planning assistance when considering starting your own business contact RedCap Consulting 07 3102 4772
How do I sell my small business?
Make selling your small business easy with these seven steps to get your business in order BEFORE you decide to sell. The greater the price you want for your business, the more years of demonstrated and provable records are required.
The Team at U1st Realty Collingwood Park focuses on offering our customers a refreshing and honest approach to selling, buying or leasing business or real estate wheter commercial or residential. We pride ourselves on our ability to provide an exceptional level of service that will surprise you.
By investing the time to listen to our clients, we can develop the most effective strategy for marketing your business or property and therefore achieving the best possible results in the current marketplace.
We believe that communication is the key at every point through the client experience – whether it's the local market knowledge we provide, our marketing expertise, or our ability to negotiate the best result on behalf of our client. One of the things our clients value most about U1st Realty Collingwood Park is our open communication and straight-forward honest advice. It is a big part of the reason why people come back again and again for all of their property transactions.
By choosing U1st Realty Collingwood Park , you can be assured of the support of a driven, committed and dedicated team. With our extensive experience and understanding of the property market we will exceed your expectations.
You want to sell your business for a profit. Obviously.
But you’re not going to fool anyone. If your business is worth chicken feed, then no sane buyer is ever going to pay a premium price for it!
As eager as you are to take your earnings and retire in luxury, you have to be realistic about the TRUE WORTH of your business' value..
Here’s where you enter the bean-counting realm of business appraisers. A competent appraiser will be able to determine how much your business is worth and determine a realistic market price you can sell it for.
Don’t be scared of getting a business appraisal. Prospective buyers will either ask for one or order one themselves in the due diligence period; so you might as well have an INDEPENDENT VALUATION to show them. You’ll gain credibility by doing so.
What’s more, you’ll know personally if you’re in a good position to sell now.
If the prospect of selling looks financially abysmal, you can either...
With real estate - location is everything. When selling your business, timing is everything.
Sadly, selling your business often only becomes an option for many owners when their business if facing bankruptcy, staring down legal challenges, or cannot stop hemorrhaging money.
Selling the business at a huge profit is completely out of the question. Your only prospective buyers will be specialists in distressed business purchasing, and they will be eager to wring every last cent of saving from the deal.
When is the magical “right moment” for selling?
It’s when your business is doing well. A business that is firing on all cylinders is when it is enormously appealing to investors. The better the business is doing at consistently making money, the higher the price you can sell it for.
Business buyers know that there’s going to be a learning curve as they acquire a new business. Investors realize that there will be some slow down as management changes hands. If you can prove that the business is operating like a well-oiled money-making machine, you’ll be able to sell at a wild price.
Take into consideration market conditions as well.
It all depends on the when.
Any deal-sniffing cashed-up investor or legitimate business buyer is going to do something that anyone is going to do if they are considering a purchase.
They’re going to "Google" you and read the public reviews on your business!
Deals don’t start in a corporate conference room. Deals start when a prospective buyer sits in front of their computer and types in the search bar “Your Company Name.”
What are they going to see?
Thankfully, you get to control that. The better your brand looks online, the better you’ll be able to sell your brand to someone else.
Here are some of the features that will make your brand stand out:
Identify this trait, and maximise it.
Usually, a buyer will have a single reason for their interest in buying your business. Yes, they may say that it “fits the criteria,” or “there are a lot of attractive features,” but really, there’s one standout feature that makes it an ideal acquisition for them!
Your job: Find out what that feature is.
That single glistening selling point is going to depend a lot on the buyer. Every buyer comes to market with a set of specific goals. The more closely your business aligns with those goals, the more appealing it will be.
As a business owner, you have a responsibility to know the buying market, thereby gaining a greater understanding of what makes a for-sale business attractive.
Here are some particularly powerful generalised selling points:
The better you can direct attention to your favourable selling points, then greater the interest a buyer will have in your business and NOT in someone elses!
How many business owners do you know who need immediate access to cash funds?
They simply can’t wait the 6 – 8 weeks that a bank or traditional lender takes, as they urgently need to get their hands on between $20,000 up to $2m; They need these funds urgently, by tomorrow - yes - within 24 hours!
Plus, what if...
Then a short term business loan maybe the answer for them.
These loans are perfect for moving a business forward, or taking care of current issues such as tax debts, divorce or family demands, or overdue debts to suppliers.
A short term business loan has saved many property investors save their deposits and due diligence costs when a property deal sours because their traditional lender fails to provide the necessary funds by a crucial deadline date.
Do you NEED a Simple Process to qualify for a Business Loan, then...
Are you wondering whether or not you should own real estate for your business?
Well, here is a simple question to ask yourself: Is Buying better than Leasing for my business?
U1st Realty - Business Broking & Consulting Services, Buy & Sell Homes, New Home Builder, Granny Flats, Rental Home Property management.
General Advice Warning: Any advice contained in this website is of a general nature only and does not take into account the objectives, financial situation, or needs of any particular person in specific. Therefore, before making any decision, you should consider the appropriateness of the advice in regard to those matters.