Post about "business"

Get Smart – What to Ask For and What You Must Investigate When Buying a Business For Sale

Buying any business is a huge commitment, let alone a calculated gamble. Ensuring your gamble is a safe bet however is the toughest part of your journey in selecting a business for sale. To ensure you protect yourself from making the biggest financial mistake your life, take some measured steps to get as much insight into any business you are considering buying.The due diligence stage is where the seller is expected to lay all their cards on the table, effectively opening up their business for your scrutiny. If you’ve reached this stage, you must be serious about making an offer. But before you dive in head first, consider some important factors that you need to investigate.The seller should at this point ask you to sign an “Non-Disclosure Agreement” to protect the integrity and value of their business. This is perfectly normal practice and it would go without saying that you shouldn’t object to agreeing to this, unless the terms of the contract are questionable. Any seller who doesn’t ask you to maintain confidentiality by means of an agreement may be deemed to be slightly reckless or naive. if this is the case, you may need to question to professional experience of the seller. This may work in your favour, however it may also reveal the working practices of the firm. In my experience, without an agreement of this kind I would feel as though the negotiation process is far too informal and the seller may be unprepared for what is about to occur. Only time will tell.Whether the business is a small family set up or a long established, highly profitable organisation, I would always expect certain documents, facts and figures to be readily available by the seller. Naturally as a buyer, your first inclination is whether this business will give you a good return. Everything else is in the detail.So to expect to have sight of the company accounts, details of profits and loss, assets and liabilities is a given. Any resistance to this by the seller should be treated with a certain level of suspicion. If they are expecting you to part with a sizeable amount of your money, the least they can do is give the facts and give it to you straight. If you suspect foul play, simply walk away.To avoid disappointment and more importantly wasting your precious time, sending a list of required items to the seller in preparation for any upcoming meetings or discussions can be a good idea. It means that you have given the seller ample time to prepare up any documentation before you head off to that all important face-to-face meeting. It will also allow you to gauge the reaction of the seller. If they are willing to prepare up the usual list of documents you need to oversee the financial health of the business, then clearly you are off to a good start.Each and every business is different however, what you need to ascertain clearly is what drives the true value of the business. It could be the workforce, the client base, ongoing contracts, a unique product or service or simply the strong goodwill value through years of trade. Whatever that key factor is, you need to weigh up its real value through knowledge. Knowledge that is only gained through the seller. If you can get sight of information such as contracts, or sales figures or commitments from buyers, all the better.Expect some resistance at this point because remember, any seller has to protect the integrity and value of their business so to ensure you are not disappointed at this key stage, let the seller know you are serious and you will fully respect any confidential information you are privy to. Trust is the key here. If you can work together amicably and professionally with the seller, you will both end up with the deal you want. Any pushiness, aggressive negotiation or unprofessional behaviour will just leave you empty handed and serious disappointed.There is no definitive set of right or wrong questions to ask in these situations but essentially what you need to get is a good understanding going with the seller. If you feel a sense of honesty and integrity about the way they operate, it could be a good deal to work towards.Good luck with your purchase.

An Overview Of Epoxy Flooring Sydney

One of the most durable types of floors that you can put down on any solid surface is an epoxy floor coating Sydney. These are typically made from some type of polymer, yet they can be made from materials such as plastic, paint, or other adhesive materials. Derived from epoxides, these polymers are designed for maximum durability and resistance to wear and tear. Here is an overview of why you should consider epoxy floor coatings for your business, regardless of the industry that you are in.

Where Are These Materials Typically Used?

These materials can be used in many different commercial and industrial settings. If you have a warehouse or a storage facility that is quite large, this would be the best material to use. In most cases, this is applied over concrete flooring. The adhesive and the concrete will chemically bond together to maintain its overall resilience. This will make the floor much more durable, resistant to scratches and dents, plus it can withstand heavy loads that are often found in commercial warehouse settings.

How Is This Material Applied?

This material can be applied in several different ways. However, preparation must be done prior to the application. It is recommended that the surface material be somewhat porous and completely free from particulate material such as dust or sand in order to have a strong connection. For epoxy to adhere to any surface, there must be a fully cured material, such as concrete which is the main material upon which these epoxy coatings are applied. Once the floor has been cleaned and made rough to some degree, it can be applied within hours. Additionally, the temperature must be suitable for this application. If it is too hot, or too cold, the epoxy can subsequently peel up or it may actually bubble during the application process.

Why Is This An Advantageous Surface Coating?

There are several reasons why commercial and industrial companies will use this material. First of all, it has a very appealing appearance. You can get a very high gloss reflective appearance if it is applied properly and maintained over time. It is also extremely durable and easy to install. It is this combination of durability, and its ability to resist stains caused by oil and water, that makes this the most appropriate material to use. Ideally, the epoxy that you apply should also be chemically resistant which is perfect for many industrial businesses that work with many chemicals.

If you are in an industry that requires the use of a warehouse, you will certainly want to consider this type of floor application. Epoxy floor Sydney coatings are also economical to apply, and also maintain, which is yet another reason thousands of businesses apply this to their floors all across the world. If you happen to be in Sydney Australia, you can contact our business to get a quote on how much this will cost. Our goal is to provide local businesses with the best floor coating materials, and epoxy floor coatings are among the very best.