3 Reasons Besides Selling To Get A Business Valuation
There’s a hard truth about business valuation in general: Most business owners have no idea what a buyer would pay for their business. A business valuation is something that many business owners think of as unnecessary unless and until the time comes to sell. But a business valuation can be a useful tool for both […]
How To Sell Your Business For A Higher Multiple
Attracting a good sale price when you sell your business is similar to getting a high score from all the judges in a beauty pageant or an Olympic event. Buyers will base the value of your business on a two-part formula: 1) your company’s pre-tax earnings, 2) a multiple. The former is up to you […]
Is 2017 The Year That The WA Economy Rebounds?
Leading Perth Finance Broker Mike Coombes tells GMO Business Sales team that there are ‘Green Shoots’ appearing in many sectors of the WA economy. A number of clients have advised that during the last quarter of 2016 they experienced uplift in enquiries which have been converted to orders. Particularly pleasing from a WA economy point […]
Myth #4: I’ll Be Able To Sell When I’m Ready
A good Business Broker will spend hours educating business owners about what to expect at every phase of the selling process; a difficult job made harder by the fact that misinformation about selling a business comes from every direction — from preconceived notions held by business owners themselves, to suspect advice from well-meaning peers and […]
Myth #3: Selling Is About Getting What I Want
A good Business Broker will spend hours educating business owners about what to expect at every phase of the selling process; a difficult job made harder by the fact that misinformation about selling a business comes from every direction — from preconceived notions held by business owners themselves, to suspect advice from well-meaning peers and […]
Myth #2: My Business is Different
A good Business Broker will spend hours educating business owners about what to expect at every phase of the selling process; a difficult job made harder by the fact that misinformation about selling a business comes from every direction — from preconceived notions held by business owners themselves, to suspect advice from well-meaning peers and […]
Myth #1: My Current Advisors Will Help Me
A good Business Broker like GMO will spend hours educating business owners about what to expect at every phase of the selling process; a difficult job made harder by the fact that misinformation about selling a business comes from every direction — from preconceived notions held by business owners themselves, to suspect advice from well-meaning […]
Why is New Zealand doing better than Australia?
NZ Prime Minister John Keys resigned on December 5th and went out on a high! How has John Keys turned NZ into a winner? Consider these fundamentals: 1.NZ taxes all workers between $0-14 thousand at 10.5 percent based on the philosophy that the government is spending everyone’s working taxes, so all Kiwis in theory take […]
Australia’s Growth Story & Events Relating to the Global Economy
GMO’s Directors enjoyed an informative speech on the state of the world economy on November 22 as guests of RSM Director Andy Gilmour. The speech by HSBC Asia Pacific Chief Economist PAUL BLOXHAM was full of perceptive observations on China, the implications of Trump populist politics and Brexit and Europe downsides. Overall, Paul was cautiously […]
A Brave New World
Now that the world has a new US President elect, this is the perfect time to control your own destiny by owning your own business. Firstly cash flow is always essential (even more so today), plus an established business remains a terrific way for you to generate your own success and provide great security for […]