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What to do before buying a small business? 11 key steps

Buying an existing business offers several advantages such as established operations, a customer base, and immediate cash flow. However, before purchasing a small business, it’s crucial to consider numerous business, legal, and financial factors. In this article, we outline 11 key steps to guide you through the process. Each step

How to Appraise a Business?

This is one of the most frequently asked questions we receive Typically, a business appraisal involves analysing the three primary elements that make up the sale price. Plant and Equipment/Assets –this is the equipment used in operating the business, this component covers everything you plan to sell with your business,

The Rewards of Running a Small Business

Running a small business in Australia can be one of the most rewarding ventures you can undertake. From the sense of independence to the impact on your community, the benefits extend far beyond financial gain. Here’s a look at some of the key rewards of being a small business owner

Pitfalls of Buying a Business

Buying a small business in Australia can be an exciting venture, but it’s important to be aware of potential pitfalls that could impact your investment and future success. Here are some common pitfalls to consider: Navigating these potential pitfalls requires careful planning, due diligence, and professional advice. Work with Bendigo

How to Sell A Business

If you’ve decided to sell your business, there are several options available, each tailored to factors such as the desired speed of the sale. Ensuring the process is conducted correctly is crucial to safeguard your rights and interests. Selling a business can be a complex process that benefits greatly from