IndiaBizForSale.com Organizes Business Buyer’s Club Ahmedabad
In Association with FICCI and GCCI
Our recent stint has made ‘SME deal-making’ the hottest thing in Gujarat!
Business Buyer’s Club, a first-of-its-kind exclusive deal making opportunity for business buyers, investors and business owners, was organized in Ahmedabad last week by IndiaBizForSale.com in association with FICCI and GCCI. The businesses showcased in the event were hand-picked by our senior analysts, and only genuine, serious buyers and investors were extended invitation for the day.
Business Buyer’s Club is a novel concept that Indiabizforsale.com first launched in Mumbai in June, 2017 and has received tremendous response since. In our constant effort to bring about quick deal sourcing, effective matchmaking and end-to-end deal management, we have taken cognizance of the fact that while technology is an enabler, it is not enough for quick and effective deal-discovery, especially in the Indian landscape. Business Buyer’s Club brings together genuine buyers and investors looking to close a transaction within the next 6 months, along with credible, quality businesses that are deal-ready. Read More…
We Crossed 2500 Business Listings
A Sneak-Peek Into Our Journey So Far
IndiaBizForSale.com started in 2013 with the core mission of helping small and medium business owners sell their businesses instead of closing shop. Back then, we were largely business owner(seller)-centric – i.e. only sell-side listings existed on our platform and made a humble beginning with just 50 businesses looking for exit listed on the platform.
The first revelation happened when we discovered that our platform could also serve buyers and investors in a large way. While we always had buyer registrations, we soon noticed that the number of registered buyers on our platform was 2-3 times more than that of the sellers, and yet we did not have any buyer listings yet! We were constantly receiving inquiries from them and soon we realized that we would need to focus on buy-side listings as well and showcase their requirements. Read More…
Get Matched: When a New Relevant Business/Buyer/Investor Becomes Live on the platform
Now you are one step closer to finding your right business opportunity: Generally as a registered user, email alerts are available when a (new) matching business or buyer listing goes live. Some users requested flexibility to change their preferences and our tech team has obliged.
Change/Set your alert preferences now and only get notified for relevant matches.
Steps: Login to your account > Go to your dashboard > Click on My Alerts > Set your preferences such as location, industry, asking price, etc.
SME Highlights
- Google launches ‘Google My Business’ to help Indian SMEs manage business online
Google on Thursday launched a new dashboard feature within Search for ‘Google My Business’ customers. The dashboard allows Small and Medium Businesses (SMBs) to easily manage their businesses online. For this, owners are required to.. Read More
- SME IPO: A New Wave of Growth for SMEs in India
Small and medium enterprises have clambered onto the IPO bandwagon with alacrity: fund-raising activity through junior bourses has gone up by about seven times in the past six years. For small entrepreneurs, raising funds through the SME IPO platform yields dual benefits of increased capital availability on the one hand…Read More
Tips, Tools and Strategies
Do’s and Don’ts While Buying a Business
Buying a business can be a complicated process, especially if you are a first-time buyer. While there are no hard-and-fast rules about buying a business, learning from the best practices of other buyers is often useful.
Over the last few years, we have worked closely with thousands of buyers and have helped them buy the business of their dreams. In this article, we would like to share with you a few important tips, tools and strategy in the form of do’s and don’ts that can help you make better decisions and make your buying experience smoother.
Do’s
- Do take out time to be well-informed about the business you are going to buy. Be informed about its history, incorporation status, legal structure, revenues, market, technology, reputation, intellectual property, legal aspects, owner’s details, team structure, financial health – or in-short, everything about the business.
- Do take out time to formulate a sustainable business-plan. Proper research about the market and the business can help you in preparing the same. Make a well-structured short-term as well as a long-term plan for that business.
- Do ensure that you choose the proper structure for incorporation of the business. You can make a well-informed decision and buy an LLC (Limited Liability Company), a Sole Proprietorship, a Partnership, etc.
- Do hire a good attorney. Disclose all your assets, liabilities, business plan, and past experiences to him.
- Do understand that businesses don’t bloom overnight. It will take rigorous effort and hard work in making the business live up to your expectations.
- Do account for the fact that buying a business will be financially challenging. Making ends meet while funding and managing the business will be hard if you are already on the verge of being broke.
- Do keep your eyes on the target customers so that the business decisions and strategy can be formulated accordingly.
- Do pay your taxes. Never be on the rap-sheet of either the police or the tax-department as it might hinder the growth of a business.
- Do have a proper book-keeping system in place. A minor glitch in the numbers might lead to devastating results in the overall functioning of the venture.
Don’ts
- Don’t make baseless assumptions when it comes down to costings and numbers. Make sure that proper research is done for the same. Check out the past data and history of similar businesses and work up the numbers accordingly.
- Don’t think that the process of attaining the proper finances for buying and operating the business is going to be quick. Devise a proper plan of the process, keeping in mind that the it is going to be a time-consuming task.
- Don’t underestimate the competition. It won’t take long for your competitor to become the leader in no time if it hits the target market well.
- Don’t keep any secrets from your attorney. Disclose all the requisite information to him, whether it is in your favour or against you – a competent lawyer can turn the tables around.
- Don’t go against the advice of your deal consultant. A good and credible consultant will always be thinking for your best. If you do have a contradiction of views, be upfront and clarify it with him.
- Don’t ask others to breach confidentiality agreements or non-competition agreements with their employees. It will weigh down your business and would pose a threat of it closing up.
Owning a business is satisfactory and a deal worth cherishing, only if the task of buying it is done properly. A small mistake can make you repay for a prolonged duration. So, always be safe in making the decisions for the venture you are going to own.
We hope this article helps you in understanding the process of buying a business. Over the last few years, we have helped thousands of businesses and individuals in buying businesses of their choice.