Potential problems when buying a business
Be aware of potential issues that may affect your purchase of an existing business.
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Be aware of potential issues that may affect your purchase of an existing business.
How to research and analyse information on an existing business you are thinking of buying.
Joan McCoy, co-founder of White Ink Architects, explains why they decided to become an employee-owned company.
Some potential disadvantages should be considered before deciding on employee ownership.
The advantages of employee ownership when you retire or sell your business, and key issues to consider.
Employee ownership can help preserve your business and employees' jobs, and deliver a fair price.
Borrowing options, deferred payment and employee financing for employee ownership.
Family succession, new management, trade sale, flotation, management buyout, or liquidation are possible alternatives to employee ownership.
Sources of information, advice, and specialist financing for employee ownership.
Training for employees, managers, and trustees for their new roles after the implementation of employee ownership.
Assessing feasibility, planning, negotiating and completing an employee buyout.
Involving employees to create an ownership culture is key to a successful buyout.
Your legal obligations towards staff already working for the new company.
All the steps you should take to find and buy a new business.
A business transfer agent or business broker could also help you to find the right business to buy.
Newspapers, trade journals, adverts, magazines, websites and word of mouth will help you find businesses for sale.
How to find out whether the business you want to buy will be profitable and value for money.
How to choose the right business for you.
An overview of the advantages and disadvantages of buying an existing business.
Advantages and disadvantages of buying an existing business including how to assess and value it.
How to approach and negotiate with potential purchasers.
Your own trade knowledge, and your adviser, should help you produce a shortlist of potential buyers.
Key points to look out for when trying to identify potential buyers for your business.
A good sales memorandum encourages potential purchasers to find out more.
Different techniques and industry methods of business valuation, eg discounted cashflow and asset valuation.