Description

Welcome to Episode 135 of The Numbers Game. In this episode, Marty breaks down the 12 essential questions you need to ask when considering buying a small business.  From crunching the financial numbers to analysing industry trends, Marty shares a comprehensive guide that will arm you with the knowledge and insights you need for a successful business acquisition.

On this episode, we discuss:

• Analysing the industry: Is it growing or declining?
• Importance of financial metrics: Revenue and profit margins
• Key people and their intentions: A vital consideration
• Current owners' future plans: Avoiding pitfalls and conflicts
• Specialised knowledge: Your key to elevating the business
• Diversification of customer and supplier relationships: Reducing risk
• Essential mentorship and training resources for newcomers
• Creating a solid yet simple business plan: Outline goals and strategies
• What assets and stock are included? Know what you're really buying
• Immediate profitability: The upside potential you should look for

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic

This podcast is produced by VIDPOD.

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