Preparing Your Business For Sale... even if you’re not thinking of selling.
mulcahy.com.au
Welcome!
ACCOUNTING
FINANCIAL PLANNING
LENDING
LEGAL
INFORMATION TECHNOLOGY
Business Planning & Advice, Farm Accounting Services, Goods & Services Tax, Taxation Planning, Succession Planning, Estate Planning, Self Managed Superannuation Funds, Computer Software, Cloud Accounting Solutions
Superannuation & Personal Insurance, Margin Lending, Retirement Planning, Self Managed Superannuation Funds, Investment & Share Broking, Centrelink & Aged Care Planning, Estate Planning, Portfolio Management & Direct Equities
Residential & Investment Home Loans, Refinance, Commercial & Rural Loans, Business Loans, Self Managed Super Fund Lending, Equipment Finance, Chattel Mortgage, Hire Purchase, Car, Truck & Machinery Loans
Residential Conveyancing, Wills & Estate Planning, Business Structures & Asset Protection, Business & Farm Succession Planning, Business Acquisitions, Taxation, Land Development & Sales, Commercial Property, Stamp Duty & Land Tax, Subdivision Expertise, Large-scale Project Advice & Planning Law
Specialising in the supply, design, configuration and maintenance of all of your information technology requirements. Front & Back Office Systems, Application/Hosting Services, Maintenance & Support, Technical Consulting Services, Cloud Services.
Our moral obligation is to help committed clients achieve financial security
mulcahy.com.au
Are you Financially Secure? Follow our 10 Steps to Success! 1. Goals & Objectives 2. Estate Plan 3. Risk Plan 4. Asset Protection Plan 5. Taxation Plan 6. Debt Plan 7. Retirement Plan 8. Business Plan 9. Superannuation Plan 10. Investment Plan
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Why are we here tonight?
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Are you self employed or a business owner?
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What is holding you back!
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Don’t have powerful enough Why?
Frightened of failure
Bogged down in day to day work
Overwhelmed with too many options
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WHY... go into Business? COMMON ANSWERS - Make more money - Flexible working hours/lifestyle - Spend more time with family - Don’t like their boss - Better way of doing things
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Example Sisters: From self employed to running a business
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The End
- What do we want the business to look like at the end - What will your role be - How do the ďŹ nancials look - How will you exit the business
mulcahy.com.au
Prepare for Sale whether or not you plan to sell it - Reality is at some point you will exit the business - Like preparing a house for sale?
mulcahy.com.au
How To: Build a Valuable Business
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What’s the difference?
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Purpose
Core Values
Vision
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What’s your WHY?
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Start with WHY Simon Sinek https://youtu.be/IPYeCltXpxw
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Sharpen the Saw!
mulcahy.com.au
The Four Pillars of Business 1
People
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Processes
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Customers/Clients
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4
Financial’s
Budgeting from the Bottom Up
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Up to Date Information
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What is your business worth now? What does your business need to be worth?
THE GAP ANALYSIS
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Bridging the GAP
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Succession Planning Who should have a Succession Plan? What does it cover? Voluntary & Involuntary
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Take the TIME OUT! to review your Business
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10 Steps to creating a valuable business 1. Need to work on your business 2. Start with the end in mind 3. Mission, core values, vision, history & your WHY 4. Bottom up budget 5. Master the 4 pillars of business 6. Take time out to sharpen the saw 7. Identify the gap between current & desired business value 8. Implement a business strategy to move from current to desired valuation 9. Business succession plan 10. Plan implement & focus
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The Key Questions
Q&A mulcahy.com.au
Thank you!
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