Why would someone buy your business?
Posted by Kirsten Lowis
on 1 January 2020
HAPPY NEW YEAR! So, are you looking to sell your business in 2020? If that's a yes, in her first article for the year, Kirsten asks the tough questions... Read on.
What makes your business so good that someone would want to buy it from you rather than starting a business of their own?
There are many reasons why someone would buy your business, but the number one reason is to get a return on their investment dollar. When a buyer looks at your business, it will be judged on what level of future profits they "believe" your business can generate for them, the level of "risk" attached to reaching targets and by the attractiveness of the industry in which your business operates.
The first thing a potential buyer will look for is [CLICK HERE TO READ MORE]
Author: Kirsten Lowis
About: As the Founding Director of Zoom in Business - a subscription-based network and magazine, NQ Business Sales - a business sales firm based in North Queensland, and Bizrich - a business valuation firm, Kirsten has learnt from the trenches and brings a wealth of personal and professional experience and knowledge to our members.
With over 13 years as a franchisee, retailer and start-up business owner, Kirsten has worked closely with fellow coaches, hundreds of clients and the best facilitators in Australia who have run their own business or have experience in running a business and teams.
Kirsten’s extensive knowledge and experience as a Registered Business Valuer and Licenced Business Broker helps our readers and members improve awareness of the state of the market, understanding and confidence in buying, growing, valuing and selling their business, while connecting them with local and international news stories and experts to create a capable and dynamic business network.