Two people shaking hands, sealing the deal
Business Advice

How to prepare your business for sale

- September 14, 2022 3 MIN READ

To maximise value, it’s imperative that you consider your legal obligations and financial ramifications when you prepare your business for sale, writes Joanna Oakey, author of Buy Grow Exit and founder and Managing Partner of Aspect Legal. Without the proper protections in place, you could be hit with unexpected financial and timeframe burdens. Preparation is… Read more »

Do you have a business exit strategy?
Business Advice

What’s your exit strategy? (Yes, you need one!)

- August 29, 2022 3 MIN READ

As Australian businesses face staff shortages and rising inflation, new data from Australia’s largest business organisation, My Business, shows more than half of small business owners don’t have an exit strategy. The ‘Recipe for Success’ survey of nearly 2,000 Australian business owners found that 59 per cent of respondents didn’t have an exit strategy. The… Read more »

Features

Selling your business? 3 things you need to know!

- January 31, 2019 3 MIN READ

With many Baby Boomers reaching retirement age, there has been a rise in the number of mature business owners seeking to exit their businesses. Justin Greiner, CEO of JBWere reports on what business owners need to know when reaching this point in the business life cycle. The latest Quarterly SME survey by NAB Economics highlighted… Read more »

News

Pillars of Success: Succession Planning

- May 13, 2018 < 1 MIN READ

In this week’s Pillars of Success, Claire Mackay talks about the importance of having an exit plan for your business. Successful business owners are often focused on building their business and rarely think about what happens next. Having a succession plan or an exit strategy is vital if you want to reap the rewards of… Read more »

Resources

How to plan a good exit strategy

- February 3, 2017 3 MIN READ

How far should we go to plan our succession and when? After years of highs and lows, who says you should hand over the reins of your business or even have a plan in place when you are busy hiring staff, exceeding customer expectations and controlling cashflow? When over 55 percent of business exits are… Read more »