Free information session to assist business buyers
With the Sunshine Coast already home to more than 30,000 businesses and game-changer projects such as the Sunshine Coast Health Campus attracting further long-term business investment, four of the region’s most prominent financial, legal, accounting and business advisors have joined forces to assist prospective business owners with navigating the complex path to business ownership.
The foursome – Rod Russell of Savvy Business Sales, Scott Schatto of Commonwealth Bank Australia, Ken Waddington from Garland Waddington Solicitors and Jodie Thompson from PJT Accountants & Business Advisers – will host a free information session on Wednesday, 31 August 2016 at the Maroochydore Surf Club considering the ‘dos and don’ts’ of buying a new business.
Event coordinator Jodie Thompson said with so many factors to be considered when buying a business, it was easy for prospective business owners to overlook key steps.
“The time, effort and finances that go into a new business venture are considerable so it’s crucial that buyers are well-informed so they can make sound decisions, and also select the type of business and industry which suits their lifestyle and skillset. We’ve seen too many people rush into a business, only later discovering it really doesn’t suit them,” Ms Thompson said.
“In Australia, six in 10 new businesses shut their doors within their first three years of operation. This is an alarming statistic and really drives home the importance of taking time to ensure your new venture is capable of surviving and thriving over the long-term, and you pay a fair price for the business to start with.”
Presenter Ken Waddington said some of the key considerations being covered at the event included understanding the support and advice required when undertaking a new venture; selecting an appropriate business type and structure; securing financing; conducting due diligence; determining cash flow requirements; limiting risk and facilitating a smooth transition process from old to new ownership.
“We’ll also consider what information you should seek regarding the business itself, completing the contract and judging whether a business is worth the asking price,” Mr Waddington said.
“Attendees will also go in the draw to win a $2,000 business start-up package to help the lucky winner get their transition to business ownership off to a great start.”
The ‘Buying the Right Sunshine Coast Business’ seminar will be held from 5.15pm on Wednesday, 31 August at the Maroochydore Surf Club, 34-36 Alexandra Parade, Maroochydore. Entry is free and bookings are essential. To reserve your place or find out more, contact Tanya Munro on 07 5413 9300 or firstname.lastname@example.org by 25 August.
downloadable: The ‘Buying the Right Sunshine Coast Business’ seminar pdf flyer
5.15pm on Wednesday, 31 August
Maroochydore Surf Club
Maroochydore Surf Club, Maroochydore
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