Marty's 12 Questions for Business Buyers

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 marginsKey people and their intentions: A vital considerationCurrent owners' future plans: Avoiding pitfalls and conflictsSpecialised knowledge: Your key to elevating the businessDiversification of customer and supplier relationships: Reducing riskEssential mentorship and training resources for newcomersCreating a solid yet simple business plan: Outline goals and strategiesWhat assets and stock are included? Know what you're really buyingImmediate profitability: The upside potential you should look forCheck out the free resources from Inovayt here.Send us an email: hello@thenumbersgamepodcast.com.auThe Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:<br />Nick Reilly<br />Jason Robinson<br />Martin VidakovicThis podcast is produced by VIDPOD.