How to buy a business instead of starting one: everything you want to know before risking huge cash on a private business

Owen Rask, business coach and founder of The Rask Group, is joined by your hosts from Grey Space Advisory, Jordan Kidis and Danil Goloubev, on this special episode of the Australian Business Podcast to answer the question of: "do I buy or build a business from scratch: what are pros and cons?"

Question from "Thomas the Tank":

Rather than starting a business from scratch, I’d love to hear about how to go about purchasing an existing business - how do people find worthwhile (high margin/profitable, potential-filled businesses (so many pizza/coffee stores!), what are the pitfalls/hurdles, are business brokers worth engaging, stories from those who’ve done it.

~~ Resources ~~

Ask a question: https://bit.ly/3QtiY00

Grey Space website: http://bit.ly/3DG5lWS

Free business course: https://bit.ly/rask-biz-course

Owen Rask's business coaching (beta): https://bit.ly/coach-owen

This Australian Business Podcast Episode is for founders, business owners and investors in private companies.

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If you liked this episode, don’t forget to consider taking our free business course and tuning into the Australian Business Podcast episode one, in which I shared my journey.

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✅ Grey Space Advisory – accounting today for a smarter tomorrow

Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.

Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank set-up, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! Book a $99 business health check with the Grey Space Advisory team and tell them Owen sent you.

☕️ Rumble Coffee Roasters — our OG sponsor & coffee genius!

Rumble Coffee Roasters is dedicated to helping you drink better coffee. Knock-out blends, world-class single origins, bold espressos and flavour-filled filter roasts. Rumble Coffee prides itself on personal relationships with producers and customers alike. Tell them Rask sent you. 

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The information on this website and in our podcasts is general financial and tax information only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser or tax agent.

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