2015 was a good year for small to medium-sized businesses (SMBs) in Australia, so whether you are buying or selling a business, it’s never been a better time.
It’s not for nothing the 2015 federal budget was labelled the Small Business Budget, with politicians focussing on the growth of SMBs though tax cuts, grants and other financial incentives.
It doesn’t mean SMBs are ‘well off’, but it does remove a little of the pressure and will motivate the launch of new products and businesses as we move into 2016.
The headline item of the 2015 budget was the immediate tax deductibility on every asset costing less than $20,000, and that will run through to the end of June 2017.
A cut to company tax rates was also a winner for SMBs, with many more benefits extending through into 2016.
When these announcements were made, most people said, ‘about time!’ And it made perfect political sense, too, as there are around 2.1 million small business people out there, employing over 4.5 million people.
That’s a lot of votes!
The Council of Small Business of Australia has been working hard on behalf of SMB owners, and will continue to do so into the future. And that’s good news, whether you are buying or selling a business.
If you’re selling a business you still get to benefit from the changes, as it makes your business that much more attractive. Let’s say you attract a buyer who loves your business, and would be perfect for the job, but they are concerned about finances.
Knowing that they can immediately tap in to a wide range of government services and incentives will help you get that sale over the line.
If you are buying a business, the benefits are obvious because, as we said earlier, there has never been a better time.
Government has recognised that SMBs play a crucial role in Australia’s economy, and in the growth of communities throughout the country.
A thriving business community will not only attract new investment in the area, but also benefits others through the ‘pay it forward’ effect, as businesses support and sponsor clubs, charities and other community organisations.
Now, more than ever, it pays to sell your business yourself, avoiding expensive fees and commissions. In such a positive business climate you’d almost be paying a business broker for nothing!
So long as your business is ready for the market, well presented, with up-to-date financials, there’s a buyer waiting to sign on the dotted line.
Marketing your own business isn’t hard – if you get the right help. An increasing number of businesses are turning to Coast to Coast Media to help them sell, knowing they will receive many of the services a broker would offer – without the price tag!
With over 37 years’ experience behind them, Coast to Coast Media offer a complete marketing solution, are Australian-owned and are not affiliated with any real estate agency or group. They provide the tools you need to successfully sell your business privately – with absolutely no commission taken – ever!
Every campaign is different, with Coast to Coast customising the marketing to suit your business, and then targeting specific buyers, locally, interstate and overseas. Your tailor-made marketing campaign will use a variety of marketing mediums, including Coast to Coast’s national magazine, expansive internet coverage and social media.
And an added bonus is Coast to Coast Media’s buyer matching service.
So, with Christmas upon us, and a new year ahead, your plans to sell, or buy a property should have a very successful outcome.