Small Business and the Intergenerational Report
Small Business Overlooked in the Intergenerational Report They entirely overlooked small business in the Intergenerational Report (IGR). It is a report produced every five years by the Productivity Commission. There was an article in the Australian recently by Luke Achterstraat. He is the CEO of the Council of Small Business Organisations Australia (COSBOA). In it, […]
Business Brokers and Small Business
Market Makers Business Brokers and Small Business Hail to the business brokers. The band of brothers that get an illiquid jumble of disparate assets, called a small business. Standardise them. Market them. Negotiate them. And turn them into cash. These people are market makers. I googled how many small businesses there were in Australia as […]
The Curse of Marketing Fees when Selling your Business
Marketing Fees and Selling a Business The curse of marketing fees became a sticking point in a discussion with a prospective client recently. He asked why he should pay marketing fees up front when I would be making money on the commission upon the sale of the business. In the end, my answer didn’t resonate […]
Family Business
The Difference Between a Family Business and Other Business Types Mention family business in conversation and many will think of a fish and chip shop in the suburbs. Well, I do, because I am the son of Greek immigrants. But it is a totally misleading image. Toyota is a family business and until very recently […]
Baby Boomers Businesses
Baby Boomers Businesses a Matter of Scale Baby boomer businesses, or more precisely, their owners, bookend one extreme of the Australian demography. At the other end, we have a birth rate per woman that is below replacement levels. This simple set of facts feeds into many ongoing debates from the desired level of immigration, to […]
Making Money Outsourcing Parts of Your Business
Making Money Outsourcing Parts of Your Business and Specialising The key to making money outsourcing is not to look for suppliers or partners that you can pass a bit of your operations to. That is too easy. There are no end of businesses who will help you with yours and the reason for this is […]
Food Truck Business
Food Truck Business, Greater than the Sum of Its Parts The owner of a food truck business asked me recently about how to go about building a good business. He wanted to expand, and he wanted to make sure that he was adding value to his business so that eventually he could sell it and […]
When is the best time to sell a business? Now
When is the best time to sell a Business While the title of this article, “When is the best time to sell a business? Now” may sound self-serving for a business broker, selling businesses is how we make our money. There is an underlying logic to this heading that is hard to refute. It depends […]
Business Makes Money – That’s its job
Business Makes Money They related the price of an asset to the income or benefit it provides. An economist may call this its utility. This is how it is possible to guess whether it’s priced too high or too low. In extreme situations, we may characterise the price as a bubble. There have been famous […]
Business Opportunities in Australia 2023
Business Opportunities in Australia A shaft of optimism about Business opportunities in Australia 2023, has penetrated the landscape of economic discussion in Australia. For too long, we have been fed a diet of pessimism about rising prices, especially energy prices. We are having a rancorous debate regarding our journey towards a carbon-free utopia. Its adherents […]