Entries in 92.Selling a Business (12)
How I Bought... a Financial Software Company
David Griffiths had been working as head of marketing for Europe in a market-leading payments company called Bottomline Technologies for five years – all the while thinking of how he could get to run his own business again.
The first company he had owned had specialised in developing and selling high-end web-based tools. Now he was impatient to get up and running again, and worked out that buying an established business offered the best route.
“To be honest, I wanted a faster start,” he says. “I’ve done it from scratch before and it takes a year and a half to get things going, and can be quite painful.”
Adam Bannister
in 1.Buying a Business, 8.Inspiration, 7.Interviews, 92.Selling a Business
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Want to Sell Your Business? Nail Down the Details
From the Atlanta Journal-Constitution: This might seem like a bad time for the owner of a small or midsize business to try to get top dollar selling their company.
With the national economy faltering, plenty of potential buyers are uncertain of what's ahead, and that's likely to factor into their offering prices. Meanwhile, credit markets have tightened up over the last year, increasing the costs to finance a purchase.
But three local investment bankers — whose companies make money helping owners sell businesses — see reasons why deals still might go through. And they have advice for business owners thinking about how to do it.
Click here to read full article.
Adam Bannister
in 92.Selling a Business
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Darling Revises Capital Gains Tax
From the BBC: The government has announced changes to capital gains tax (CGT), confirming that it will set a single 18% rate and cease taper relief from 1 April.
But Chancellor Alistair Darling also said there would be a 10% rate on gains of up to £1m, to help entrepreneurs.
Click here to read full article.
Adam Bannister
in 9.Biz News, 92.Selling a Business
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Capital Gains - Reprieve for Small Business
From The Times: Alistair Darling will try today to rescue Labour’s business reputation with a £200 million climbdown on capital gains tax designed to help owners of small companies.
Three months after announcing in his first Pre-Budget Report a new flat rate of capital gains tax at 18 per cent, the Chancellor will rewrite his own rules before they have even come into effect."
Click here to read the full article.
Jo Dalton
in 9.Biz News, 92.Selling a Business
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Business Chief Slams Tax Reform
From the BBC: UK entrepreneurs are considering selling firms because of uncertainty over changes to capital gains tax (CGT), a business leader has said.
Richard Lambert, director-general of the employers' organisation, the CBI, told the BBC that industry was in a "state of complete confusion".
He said the chaos had severely damaged the government's reputation.
Chancellor Alistair Darling announced CGT changes in October but has delayed revealing details of the new rules.
Click here to read the full article.
Jo Dalton
in 9.Biz News, 92.Selling a Business
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Take it From One Who Knows
Robert Ward knows a little something about starting, selling and buying businesses having done all three with the same business.
He started the financial services business Robert Ward & Associates in 1984, sold it in 2003 to a sport and media company, and bought it back for a fraction of what he paid three years later when its owner went into liquidation.
Well qualified to speak about the subjects, Robert offers BOB his advice to prospective buyers and sellers, as well as people setting up their own business.
Adam Bannister
in 1.Buying a Business, 3.Starting a Business, 92.Selling a Business
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Don’t Get Burned in the Rush to Sell
According to a widely reported CBI survey, almost half of SME owners may put their businesses up for sale before April 2008 in order to avoid controversial increases in capital gains tax (CGT) under pre-Budget proposals.
But the pitfalls of selling a business in a hurry could actually wipe out the benefits of paying the current, lower CGT rate – warns Lindsay Pentelow, tax partner at international accountancy and advisory firm Mazars.
Lindsay points out that business owners considering a fast sale should keep in mind the following points:
Jo Dalton
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20 Important Questions
Companies fail for a host of reasons. Bad luck plays a role, sure, but disaster usually strikes because of a more fundamental flaw--in the original idea, the strategy, the execution or all of the above.
Forbes.com ponders the 20 most important questions in business, that business owners should continually evaluate.
Click here to read the full article.
Jo Dalton
in 1.Buying a Business, 2.Buying a Franchise, 4.Growing a Business, 92.Selling a Business
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Why Startup Founders Drop Out
From Businessweek: Entrepreneurs who make lucrative buyout deals and try to stay on with their corporate overlords often find they miss their wild and woolly startup days.
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Adam Bannister
in 3.Starting a Business, 4.Growing a Business, 92.Selling a Business
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Businesses Rushing to Sell Ahead of April
From the Telegraph: Hundreds of business owners are considering bailing out quickly to avoid the 80pc increase in their capital gains tax bill next year, but are being warned that they risk depressing the market by rushing to sell.
Banks and business advisers have been handling a steady flow of inquiries from entrepreneurs concerned that their 'retirement pot' will suffer a considerable tax hit if they wait until the CGT rate jumps from 10pc to 18pc in April.
Click here to read full article.
Adam Bannister
in 1.Buying a Business, 9.Biz News, 92.Selling a Business
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Did You Know...
The introduction of the Home Information Packs could be scaring some potential sellers out of putting their business on the market.
From 10 September, all homes in England and Wales with 3 or more bedrooms will need a Home Information Pack (HIP), which includes a home energy rating. The Pack includes an Energy Performance Certificate (EPC), containing advice on how to cut carbon emissions and fuel bills. Also included are documents such as a sale statement, searches and evidence of title.
Many of BusinessesForSale.com's brokers believe the compilation of HIPS will put vendors off selling their businesses.
Jo Dalton
in 1.Buying a Business, 9.Biz News, 92.Selling a Business
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Capital Gains - Not What it Once Was
From the BBC: The argument over how to tax capital gains fairly has gone on for nearly 50 years.
Alistair Darling is only the latest in a long line of chancellors to grapple with the problem of pinpointing gains and to prevent people avoiding tax on what is, in effect, income.
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Adam Bannister
in 1.Buying a Business, 9.Biz News, 92.Selling a Business
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