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Welcome

Over the past several months there has been much ‘doom and gloom’ in the news with predictions of a global recession and rising unemployment.

Fortunately however, it has also been reported that Australia’s strong economy will protect us from the full force of the shockwave currently rippling around the world.

If you’ve been thinking about selling or buying a business all the “doom and gloom” may have made you nervous, but the truth is it actually can be a great time to sell or buy.

Consider this… Even in the toughest of times people are always looking to buy an established business for a whole host of reasons.

For example, executives unable to find another job after being retrenched, or people fed up with working long hours for a boss decide they want more control over their own destiny.

In this issue we look at some of the issues and considerations from both sides of the fence – selling and buying.

If you’d like to know more, call and have a chat to our team at Jamieson.


Inside:
P2 Four important steps to a successful sale
P3

The number of business buyers increase in tough times

Insurance Brokers - fees vs commssion

Customs Brokers/Freight Forwarders - choosing between SME and multi-nationals
P4 Steps to buying a business

Are things really as tough as they say? Why it’s a good time to sell your business.
Despite the recent reports of 'gloom and doom' Australian consumers are starting to realise that life isn't so bad after all.

Petrol prices are plunging, putting more spending power in people's pockets. Interest rates are falling with further significant reductions expected.

If only the soggy US economy wasn't dragging our shares lower everyone would be a lot chirpier.

If the Reserve Bank had any lingering worries about the inflation outlook they would have been extinguished with the latest wage data.

Wage growth is very much in 'Goldilocks territory' not too hot, not too cold, in fact, about right.

But let's not paint too rosy a picture - Companies are indeed retrenching and people are feeling the pinch. Furthermore Forex rates have moved adversely for importers.

However, in the end everyone will share a little bit of this pain for a while - suppliers, importers, retailers and consumers.

After the economic conditions settle down the rates may move up a little to a steadier more favourable level.

Times are indeed challenging, but just not as tough as we might want to believe after watching the evening news.

Not a good time to sell your business you reckon? That's not correct. Now is a great time to sell a business. Find it hard to believe or don't understand why?

Read our story on page 3 titled, “The number of potential business buyers actually increase in tough times.”

A word of warning though… Just because it's a great time to sell, don't race into it. Preparing a business should not be rushed and we explain some of the things you need to do to prepare your business for sale on page 2.

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