Administration and Support Services

Email: grant.ferry@fortitudebusinessconsulting.com.au Call: 0427 273 458 1300 551 040

Administration and Support Services Identifying Key Success Factors for Administration and Support Services Industries Fortitude understands demand in the Administration and Support Services industries typically fluctuates with general business confidence, and that wages are often the highest operating cost. Maximising success requires effective recruitment and staff management practices, quality and cost control, marketing and promotional support, and incorporating the latest technologies to drive efficiencies and business growth.

At Fortitude we work with businesses in every sector of the Administration and Support industries, bringing our wealth of knowledge and extensive experience to help you achieve the wealth, security and lifestyle you seek.

LOCATION : Suite 178, 16Road,

IC 3101

Email: grant.ferry@fortitudebusinessconsulting.com.au Call: 0427 273 458 1300 551 040

Case Study: Overcoming Limiting Beliefs A successful bookkeeper was considering retirement. He could have simply closed the business, but to do so would neglect an opportunity to capitalise on the goodwill he’d built over many years, unnecessarily limiting his retirement funds.

Despite the owner’s initial view to the contrary, you can separate the goodwill in your business from yourself and place a saleable value on it. We convinced the owner there were multiple steps to consider in selling his business, including: Getting professional help.

Determining the best time to sell (where possible).

Reducing the business’ reliance on the owner.

Taking time to present both owner and business in its best light, rather than just ‘slapping’ it on the market and hoping for the best. Finding strategic buyers (those willing to pay the most and/or willing to accept terms aligned with your interests). Creating a competitive sale environment.

Negotiating sale terms to get more of what you want.

How We Helped We worked with the bookkeeper over 18 months to: Improve business growth, profitability and internal operating procedures to enhance the business’ sale value and saleability. Establish key sales terms (e.g., sale price, settlement terms, earn-out details, restraints, etc.).

Email: grant.ferry@fortitudebusinessconsulting.com.au Call: 0427 273 458 1300 551 040

Prepare an information memorandum to establish credibility with prospective buyers, enhance their perception of the business and set out relevant details so buyers could assess their interest, determine their purchase price range and other key terms.

Secure a suitable confidentiality aagreement, identify strategic buyers and marketing the business to them.

Create a competitive sale environment and negotiate with interested parties.

Negotiate the detailed sale terms.

Organise and oversee the preparation and execution of the sale contracts and related documentation to reach a settlement.

www.fortitudebusinessconsulting.com.au

Location : Suite 178, 16 Cotham Road, Kew VIC 3101