Welcome to the first post on the Business Sales Blog. The blogs that I subscribe to are entertaining and primarily opinion based. Those who know me, know that I am rarely short of an opinion and as such the direction this blog will take will centre on Switch Businesses involvement in the SME business sales market in New Zealand. These are interesting, if not extremely frustrating times for any business owner trying to make a buck in this environment.
We hope to offer the benefit of our real life experience as an, Auckland based Business broker to all buyers, sellers, families of buyers and sellers, advisers, financiers, in fact anybody who has any involvement or an opinion on the business sales arena here in little old New Zealand.
We will try to stay away from the technical “How to value a Business” or “What Capitalisation rate should I use” posts because that has been done to death in other blogs. These thoughts have no measurable value to buyers or sellers because you have no basis with which to apply it to your situation. This only leads to either unrealistic expectations or worse undervaluing your business. If you want advice on what influences the “Fair market value” of your business or conversely a setting a “Fair market value” for a business you are interested in, find an experienced broker in your area. Don’t be afraid to ask what experience he/she has!
If you are so inclined please feel free to opine back my way should you agree or (especially) if you disagree with anything you read on this or future posts.
Hope this message finds you and your Business well, see you next week.