Buyers Knowledge Bank
Get the latest information, valuable tips and share in the professional knowledge of business experts on buying a business
What Are The Advantages Of Buying An Existing Business
10 Questions To Ask When Buying A Business
In today's competitive business landscape, entrepreneurs and professionals are constantly seeking new ways to enhance their performance, unlock their potential, and achieve remarkable success. This pursuit has led to the emergence and rapid growth of business coaching as a transformative tool for individuals and organizations. Business coaches serve as trusted partners who provide valuable guidance, support, and accountability, helping clients navigate challenges, refine strategies, and maximize their potential. In this article, we explore the benefits of being a business coach and the invaluable impact they have on their clients' personal and professional lives.
If you are a first-time business owner or investor, you are probably debating what type of business you should be purchasing. Should you invest in an existing business, start a new business or purchase a franchise? Well, in our opinion, a franchise is the best option for a multitude of reasons. In this article, we will discuss why purchasing a franchise is beneficial.
Buying an accommodation business can be a fantastic investment if you buy one in the right location and that already has a good reputation. It also helps that one can run a business from paradise! In this article, we will explain what an accommodation business is and explore the benefits it has to offer.
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In this article, we will discuss what you need to know and consider when purchasing your first business.
If you are wondering what time of year is the best to buy a business; the answer is any time!
Franchises can also be a fantastic investment and are easy to sell should you want to cash out at any point.
In this article, we will discuss what one can expect from a KFC franchise in terms of the selling price as well as starting costs involved. We will also discuss what aspects influence an existing KFC’s price.
Whether you’re looking into buying an e-commerce business for sale because you’re passionate about building up a brand or whether you’re in it for the money, it’s still a good investment. Buying an online e-commerce business is a shortcut to entrepreneurial success compared to building your own business from the ground up. This article will discuss why buying an e-commerce business is better than building one and how much an e-commerce business will cost potential buyers.
The relationship between a franchisor and a franchisee is probably one of the most important aspects of succeeding with a franchise business. One can have a fantastic business plan and concept, but if the relationship is not strong and both parties do not invest time and effort into the relationship, it is more likely that the franchise will not be successful.
There are several good reasons why a manufacturer or an entrepreneur might be considering buying another manufacturing business. Acquiring a manufacturer can help you secure your supply chain or even allow you to bring product manufacturing in-house. As part of a diversification plan to develop into new markets, you can acquire a manufacturing company with a complementary or competing product to assist you in securing your customer base.
Buying a franchise can either be the best financial investment you ever make or the worst. Therefore, it’s crucial to do your research and have the facts before investing. In theory, a franchise is a perfect way for up-and-coming entrepreneurs to have a successful business, without having to build one from scratch. Successful franchises usually already have a business model that works and a loyal customer base.
Starting a franchise is the answer to being a business owner without having to start from scratch. To begin your business, you simply follow the franchise business model and utilise the already existing brand equity. Doesn't it sound brilliant?
Have you been on the lookout for car washes on sale in South Africa? Look no further because Business for Sale has got you covered. With a full listing of business opportunities, business broking tools, valuations, knowledge sharing, and services, Business for Sale is the portal of choice for entrepreneurs.
Franchising isn’t always the cheapest way to start a business, but luckily there is a growing number of franchising options in South Africa that don’t break the bank. Franchising is easily one of the safest ways to start a business as you already start with a reputable brand name and access to loyal customers.
Finding affordable franchises in South Africa can be very easy, thanks to Business for Sale. We already know what the benefits of owning a franchise are, and so naturally, the next best step is to find a franchise that suits your budget. Cheap food franchises in South Africa can be a little tougher to come across, as food franchises tend to be pricier. However, there are other franchises that can be bought into! Most Affordable Franchises in South Africa There are different categories that make for brilliant, affordable franchise options.
Independent grocery stores may find it a challenge to make a profit. Grocery stores make their profit based on volumes of customers. The Covid-19 pandemic put some pressure on supermarkets when everyone panicked about necessities like toilet paper. Supermarkets had to keep up with the demand, but also struggled under the regulations that prevented the sale of other regular items. Luckily, South Africa’s strictest lockdown levels have abated, giving most South African businesses the opportunity to pick up from where they left off.
Unlike many other products for sale, alcohol is one that is not seasonal. People consume alcohol all year round, and liquor sales have yet to drop due to external factors that would typically affect other industries. This makes it a reasonably safe bet to invest in, and become a part of.
Being an entrepreneur allows women to freely manage their own time and create a balance between family and work. ActionCOACH South Africa is offering women the amazing opportunity of running their own profitable and scalable Business Coaching practice. If you have a passion for business and for helping others, a track record of success and are looking for a way to utilize your skill set through a renewed breath of life, then business coaching might be for you! We offer the template into the market, resources, tools, support and professional training you need to succeed in business. Read our blog to find out Why Women Are Better Business Coaches.
When considering starting a business, you’ll need to decide whether you want to start from scratch, or if you want to join into a franchise. This decision will depend on your goals and vision. While it can be exciting to begin a business independently, it could also pose a few risks. A franchise brings with it a host of benefits that can’t be found when you’re on your own. We’ve done a little homework for you so that you can make an informed decision about which option is best for you. Take a look below at our lists of advantages and disadvantages of franchising:
The beauty industry is ever-popular in South Africa, and a great choice for buyers to delve into when looking into buying an existing business. Even after the decimating effects of COVID-19 on the economy, the beauty industry is standing strong, as people prioritise self-care. There are factors to keep in mind to ensure that you develop a successful business plan, before you invest in a salon for sale.
Choosing an existing business for sale is the easy part; by the time you’re considering buying a business, you already have an idea of which industry it will be in, its size, type, and all of the other particulars. The more complicated part is when it comes to applying for finance to buy a business. Very few people have the capital to use cash to buy the business, so it’s important to understand the ways and means of borrowing money and still making those dreams come true!
For the modern-day consumer, convenience is key. If something can be done faster and more effectively with minimal effort, that would be the option that the majority of consumers will choose. Having an e-commerce business means that your consumers can explore your product offering from wherever they are, whether at the office in between tasks or on their couch in their slippers. They don’t have to go to a store to pick and choose, stand in queues, and worry about pandemics.
When purchasing a CORO site, you’ll need to scrutinise the terms and conditions in place. It’s imperative to know whether the lease will be renewed by the oil company, or if the responsibility will fall on you as the buyer. This will need to be discussed and agreed upon before the purchase is made. In order to receive a suitable return on investment, the buyer should plan to operate the petrol station for at least ten years.
A franchise survey conducted by Sanlam in 2019 indicated that the South Africa’s franchise industry contributes just under 14% to the country’s GDP. Looking into buying a franchise for sale in South Africa is certainly worth it. Additionally, many franchises have stood strong in the midst of the devastating effects of the Coronavirus on the economy. There are many benefits of buying a franchise that has become more and more apparent.
Before taking over a business, one should always conduct a proper due diligence. In fact, it is advisable to make any offer of an acquisition of a small or medium business subject to the completion of your own investigation into the affairs of the business. There are many methods to verify the numbers of an existing business and one can also use the services of a professional accountant who specializes in this field.
As an entrepreneur, you are always on the lookout for a new opportunity, or to compare your business with what is available in the market. There are lots of benefits to buying an existing business than starting one from scratch. If you are buying your first business or if you are a seasoned entrepreneur, consider the following when deciding your next venture.
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