It’s unfortunate, but marketers and small business owners rarely consider the terms “marketing plans” and “exit strategies” together in a sentence. On their own, each of these are talked about on a regular basis and they each have their own immense value whenever...
Ed Phillips has everything you need to help you to live a healthy, happy life. Every weekday Ed talks to the best medical experts who love to answer your questions on the open line. He also gets into the Talking Lifestyle kitchens, giving you all the best...
5 Tips To Remember So You Can Sell Your Business Why are you in business? What’s your plan? I’m guessing your plan is to keep bringing in business, to be secure financially, perhaps you’re working really hard to grow and expand. And all that’s terrific, it’s the stuff...
Qantas Talking Business is an Inflight Entertainment radio program, hosted by Alan Kohler. Each month business leaders, entrepreneurs, and innovators are interviewed about their expertise, business, and careers. How Kerry Boulton’s The Exit Strategy Group Started The...
Let’s look at some of the challenges people face when they’re trying to work out their exit strategies. The major challenge is usually people just figuring out what they want to do – how to get started. One of the best places to start is by getting a valuation...
In this post, I’d like to share some key factors that determine the value of your business. Obviously, profit is number one. You need to show you have some profit in the business. There could be other redeeming factors, but, in general, one of the most important...
Even though there are many ways to value a business, at the end of the day the business is valued at whatever a buyer is going to pay for it. It’s just like real estate, where the home is sold based on what the buyer will pay. A default method that most people...
It’s easy to understand that, if you’re in a partnership, having an exit strategy would be essential. But what about for people who are sole traders in small businesses that are doing it on their own? Should they wait until they’re ready to sell before they start...
I’ve retired twice. The first time was after I sold my international freight forwarding business. I really had no idea what I was going to do, but I wasn’t ready to retire, so I went into business coaching. That was something I had in my skill set and it was the...
We’re down to the last three commonsense questions that have been developed by Thomas Deans, PhD, which are all around protecting your wealth and determining a solid exit strategy for your family business. So, just to recap, these are questions to conduct between the...
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