Episode Details

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.

Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.