Business Owners – What are your assets really worth?

The confusion surrounding the 30th March, 2020 announcement of the economy saving Jobkeeper payment scheme was understandable. This was a ground breaking policy that has assisted 920,000 Australian organisations and 3.5 million individuals to weather the Covid19 storm.

Is your Business Sale Ready?

1: Know your Business,

It’s a fundamental requirement to know and understand your numbers: past, current and by way of a forecast at least the next 12 months and ideally 3 years. Management accounts should be completed and produced in a timely manner. These should include adjustments for pre-payments and accruals – the profit for the period under review should reflect what’s happened. The balance sheet should balance be up to date. Assets recorded in your depreciation schedule should be current and still in possession of the business.

Step 1: Engage a Professional Business Broker or Buyers Agent

This April sees two of Wollongong’s market leaders, MMJ Real Estate and Amplify Business Sales partner up to provide a real estate powerhouse like no other in the Illawarra. MMJ Real Estate already offers the most diverse real estate experience for clients in the Illawarra, but has now increased its range of services to include Business Sales & Acquisitions.