If you're a business owner, this is potentially no doubt one of the toughest times you've ever had to endure and you may be looking at exiting. Stay positive, you can still win this! We've simplified this into 3 Key Points - ACT A - Assess You start by taking inventory of your business assets. Catalog equipment, consolidate client lists, gather your contracts, leases, titles and revenue reports

Opportunities in uncertain times...

There is no doubt that the world is in unchartered territory as we deal with the global pandemic of COVID-19.  Although many of us have never lived through something like this, many have experienced recessions and the global financial crisis. One thing that is proven time and time again is that the business environment and the economy always recovers. Smart investors see events like this as

Leveraging LinkedIn to Help Sell Your Business

Your business's social media presence, particularly on LinkedIn, can make your business more attractive to potential buyers through goodwill and branding. We live in the digital age – the era of the Internet and social media. It is rarer now to find a restaurant without Wi-Fi than ones with it. Therefore, it should come as no surprise that businesses are only encouraged to have a social medi

Steps to Make Your Business More Appealing to a Buyer

Business ownership is a lot of work whether it’s a salon, a contractor or even a manufacturer. Owners, of course, know that going in. However, when you start your dream business and as you work to grow that business, you rarely give thought of what happens when you decide to sell it.  When getting your business ready to sell, there are a lot of things you need to do legally and fin

Tips for Keeping Your Potential Sale Confidential When Selling Your Business

When considering selling your business, it is crucial that the potential sale remains confidential. Having employees, customers and vendors learn of a possible sale can have devastating consequences on the business. For instance, customers may leave, employees may seek out other opportunities and the valuation of your business may decrease. These problems may weaken your bargaining position as you

Company Acquisition Process: What You Need to Know as a Seller

  A company acquisition is a great selling option for owners of high-earning, high-growth companies that need more capital or expertise, or simply wish to sell the business to a larger company. Whether your goal is to raise capital for your growing company or find a strategic buyer to complete an acquisition, working with a broker who can guide you through the process is key. Representing yo

8 Benefits of Purchasing a Franchise

On the Franchise Council of Australia's website, Franchising is described as the following... Franchising is not a business itself, but a way of doing business. It is essentially a marketing concept - an innovative method of distributing goods and services. It is also an extremely successful and rapidly growing aspect of Australia's small business sector. Once the initial fees are paid and the

The Importance of Personal Branding

In our latest podcast on The Deal Board, we discuss the benefits and dangers of personal branding. LISTEN HERE Description: Andrew and Jessica bring great guests today to talk about personal branding. In these days with Twitter, Instagram, and Facebook, it cannot be any easier to brand yourself. There are many companies destined to build a personal brand, but this industry has been around for a

Top 5 Myths About Selling a Business

We've debunked the misunderstandings that leave so many sellers woefully unprepared when they put their business on the market. When you've never done it before, selling a business can seem a daunting prospect. Though it's not like selling property or an automobile, one principle nevertheless remains the same: if you want a good selling experience, you must take time to understand what the market

Buying the Right Business for YOU

Buying a business is without a doubt a multi-step process. However, the steps do not merely begin at the point of research for businesses for sale or making an offer, but rather, in deciding what kind of business is right for you. There are a number of personal factors to consider when coming to this decision; keep in mind these five factors when picking the right business for you to buy. Lifesty

How to Sell Your Business to a Competitor

Whether you are looking to retire or pursue business opportunities in a different industry, you may have reached the important decision to sell your business. However, it is very possible that the highest bidder and best buyer is a competitor. When this is the case, Transworld Business Advisors has a few tips for best practices. 1. Ask for a Non-Disclosure Agreement During a sale, a competitor c

End of Financial Year Looms

Another tax year is almost coming to a close. If you're a small business owner are you ready? Don't forget, one of the best tax breaks and incentives for small business remains the instant asset tax write-off. This is a fantastic way for your business to invest in capital assets all whilst reducing your taxable profits. In addition, it's not $20,000 anymore, but has since risen to up to $30,000

Industries to Watch In 2018

You know what they say: New year, new you. If 2018 is the year you want to pursue your business dreams, look no further than Transworld Business Advisors to help those dreams come true. With years of experience in the franchise industry, Transworld’s professional business advisors have the industry insights and continually build upon their experiences to identify the latest trends. There are

Expanding as a Chain or Franchise: What You Need to Know

Your business is a success so now you are considering expansion. You want to build on your existing strengths and reap the benefits of your hard work. But should you franchise your blueprint for others to follow, or clone your existing business in new locations? Answering that question correctly is the most critical decision you will make. So, here’s a rundown of what you should to take into

Buying a Franchise Resale: What You Need to Know

New year, new you? Resolutions, set. Vision board, done. If your new year’s goals have you wanting to be your own boss, you may be torn between starting your own business or investing in a startup. But setting up a business from scratch and starting with a new concept or idea can involve significant risks. Instead, you may want to consider purchasing an existing franchise resale; this can p