Are you hunting for a business?
Or already found one you'd like to buy?
This 'How to' guide is packed full of great tips and advice covering all aspects of buying a business.
Accountants play an important role in the purchase of a business - they are there at the start and will be there with you till the end - so it seemed fitting that we write an eBook to guide you through the process.
We hope you enjoy the book and the help it provides.
Areas covered in this eBook include:
Many kiwis dream of owning their own business. Being able to move from employee to employer is very satisfying for many. However, it comes with risks. Finding the right business for you is worth your time and some dollars at the start – it will save you buckets of both if you can avoid buying that lemon.
How to find a business to buy? Broker websites and Trademe are all valid places to start looking for a business. The next stage could be to register with a business broker. They may screen you to make sure you are serious. However, once you are on their database it means they can contact you directly when a business comes to the market.
Many businesses never make it to market as the broker is able to connect the business with a buyer they already have on their books. So sometimes being first in, does pay off.
What business should you buy? Now you don’t want to just buy any old thing. It sure helps if you have some experience in the field you are getting into. Or some transferable skills. Some things can be learned, but it’s important to remember that, say, just because you’re a good plumber, doesn’t mean you’ll be great at running a plumbing business.
An ideal buyer will have industry knowledge, contacts and confidence that they can bring upside to the business e.g. through their skills, networks, technology, involvement in complementary businesses etc.
The greatest competitor you’ll ever come up against is self doubt - John McGrath
Ingham Mora was established in 1965 by Graeme Ingham and later joined by Peter Mora. Jump 55 years into the future and we are proud of the depth of experience our six directors and team of 45+ staff possess.
Our team takes a proactive approach to accounting because, we know, in this fast-paced world that we need to be ahead of the game and ready when our clients’ need us, anytime, anywhere.
Our services are tailored to our client’s needs, not the other way around. This approach gives our clients’ a better level of service, expertise and a partnership that benefits our clients’. It’s about giving our clients’ the confidence to make better business decisions.
We have the breadth and depth of knowledge and experience to offer you the complete suite of accounting and business advice services. Combined with the latest systems and technology, we have the tools to power you through every critical decision.
Helping businesses is what we do best. We deliver strong advice, on time, as promised. We understand that starting a new business can be daunting, and we are here to help take the stress out of it. You can rest assured that our combined approach of strategic support alongside our traditional accounting services, will get your business set up the way you need it – so you're making a lifestyle, not just a wage.