I’ve just got off the phone with one of our great clients.
They run a really good business and are looking to buy another totally unrelated business to the one they already have.
They ran some numbers and asked me to tell them what I think.
The numbers themselves looked quite good BUT when I took a closer look I could see that there were some key things missing. Things like missed overheads, missed variable costs, Kiwisaver etc.
I think with any business purchase it’s important to get a second opinion. Often as a buyer one can get too emotionally involved to see things objectively.
They have agreed to let us prepare a simple but comprehensive plan for the new business.
I’m glad because I want them to do well and the plan will help to de risk the venture and give them solid information on which to base their purchase decision.