by GenesisAdmin | Dec 12, 2018 | General
Once you have selected one or a small number of prospective businesses to buy which meet basic requirements, the time has come to look in more depth at various aspects of their operation. The lease on the premises There is a very true saying “If you don’t have a...
by GenesisAdmin | Nov 12, 2018 | General
To save yourself endless trouble selecting the right business to buy, prepare a checklist of likes and dislikes, wants and don’t wants. Earlier in this series, we looked at preparing a personal prospectus. Use it to screen unsuitable businesses. There could be...
by GenesisAdmin | Oct 12, 2018 | General
Business brokers These people a seller would approach to sell their company – are first cousins of estate agents. We fall under the Estate Agents Act and they must be registered with the Estate Agents Board and hold a fidelity fund certificate. We work on a commission...
by GenesisAdmin | Sep 12, 2018 | General
Everyone who owns their own business believes their little empire is a gold mine. Never mind that it isn’t making any money, when the time comes that they want to sell it, they firmly believe some “naive little buyer” is going to come along and pay them an enormous...
by GenesisAdmin | Aug 12, 2018 | General
When you know what sort of business you can run, how much you can afford to pay for it and how profitable it should be, it is time to start looking. Where to start looking. Follow Social Media, placed both by brokers and private sellers. There are always hundreds of...
by GenesisAdmin | Jul 12, 2018 | General
The person who is serious about buying a business must forget all the perceived glamour about “being their own boss”. Be prepared to make the sacrifices and put in the hard work required to be successful. How do I start? First establish the answers to the following...
