Buying a business as part of an expansion phase of your current business, as a new investment, or even as your first foray into owning and running a business is an exciting and challenging time.
There are so many obstacles that need to be overcome along the way that it is not surprising that more than 50% of deals fail before they get to formal offer stage and of the deals that do go through, the failure rate within 5 years is over 80%.
The main reasons for this is that buyers go into the deals without proper planning and base their decisions on emotion rather than logic.
Working with a business coach as a trusted advisor on these deals can make a lot of sense and any investment is easily recovered in better negotiation of price, better quality decisions and quicker results on purchase.
We have a lot of experience in business acquisition and areas that we can help you with include:
- Introduction to business brokers, legal teams and tax experts;
- Negotiation skills;
- Financing options and structure reviews;
- Business targeting analysis;
- Due diligence reviews;
- Business valuations;
- Business plan review sessions;
- Business integration plan;
- Team review and culture compatibility surveys.
If you are thinking of or are in the process of acquiring a business, then come and see us for a complimentary strategy review!