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Are you ready to sell?

If you own a small business in Australia - in this case a business with a market value under $2 million, then you are a part of an important group of Australians who: provide employment for almost half of total industry employment in Australia 2009–10, which equates to almost 4.8 million people. pay millions of dollars in tax to federal & state not to mention local government fees. play a vital role in manufacturing & supplying products and services. And its possible - based on small business statistics in Australia - that you are either trying to sell your business or will want to do so within the next five years. If that’s the case, you may not be aware that the majority of small businesses in Australia on the market do not sell. In fact, only three out of ten small business offerings in this Australia result in a completed deal. That’s the bad news. The fact is that most businesses that close down and walk away could have been sold if the owners were committed to doing what was needed to effect a transaction at a fair price and terms. In a series of articles we will be publishing you can learn what it takes to sell your business, and you will find plenty of advice to help you make that happen fairly quickly and on the right terms.

 
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