Shaz shares great content about the best places to identify new businesses and the things to look out for when undertaking due diligence.
When you are looking to buy a business using your contacts and getting in touch with businesses directly effective ways to find the right business for you.
When you’ve identified the business you want understanding the level of due diligence is key and this episode has great tips about exactly what you need to look for.
KEY TAKEAWAYS
Talk to your contacts, accountants, solicitors and bank managers are all people who will know about businesses up for sale.
If you are buying in a niche then advertise or write to people directly and explain how you would structure a deal.
Due diligence includes understanding all the details
You need to know about compliance, health and safety, employees, environmental, data and contracts.
The financial due diligence covers financial management and process and whether the business is worth the purchase price.
Once you buy the shares all the risks, responsibilities and commitment is all yours
It’s vital to have both an accountant and a solicitor involved in due diligence
BEST MOMENTS
‘The financial due diligence looks at the accounts over the last three years’
‘There can be forward projections depending on the size of the company’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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