4th August 2019 My guest for this show is Sir Eion Edgar KNZM. Sir Eion recently retired as Chairman of Forsyth Barr, a firm he was with for almost 50 years with the last 20 as Chairman. There are few people who know more about the New Zealand public capital markets. In this show we … Read More
by Bruce McGechan
Episode 0. Introduction to the Curious Kiwi Capitalist Podcast 1st August 2019 The Curious Kiwi Capitalist podcast is about the New Zealand capital markets and the people in them including: asset allocation and portfolios private business capital structure business valuation M&A process behavioural finance capital allocators private equity venture capital alternative investments investment strategies and … Read More
by Bruce McGechan
When you are preparing to sell a business through an exit planning process you consider “three legs of a three-legged stool” (Chris Snider). The first leg is the business itself (partly outlined in my article Business Sale Ready), the next leg is your personal life-after-sale readiness (a future article), and the last leg is your … Read More
by Bruce McGechan
In my article How to Maximise your Business Value through Exit Planning I discussed closing the gap between your current business value and other higher-valued businesses in the industry. Where can you make your business more valuable compared with other NZ and Australian businesses, what are the improvements to close the valuation gap? As you … Read More
by Bruce McGechan
Exit Planning is the process of: 1) maximising the value of your business 2) ensuring you’re financially (and personally) prepared post business sale 3) ensuring you’re prepared for retirement*1 Put simply, the aim is to ensure you and your family have “personal financial freedom and peace of mind”*2. In this article, I’ll look at maximising the … Read More
by Bruce McGechan
This article first appeared in searchfunds.co.nz — Mandanex Capital’s introduction to search funds in New Zealand. This article describes search funds and their application in New Zealand. It suggests a way forward for New Zealand searchers, the investment community and business owners looking to exit. A search fund receives capital from investors for the entrepreneur … Read More
by Bruce McGechan
A comprehensive explanation of the process of how to sell your business from a New Zealand perspective You’ve spent years building your business, you enjoy working with your customers and employees, but you’re getting older and its time to nurture your health and sell your business. Here’s how to do it. Contents Business Value and … Read More
by Bruce McGechan
In this article I’m going to look at how to value licensed restaurants or cafes for the purposes of selling a business (using “fair market value” in an asset, not share, sale). The same approach can be used to value most hospitality businesses including non-licensed cafes and restaurants, and bars. Sample Cafe Profit and Loss … Read More
by Bruce McGechan
Summary This article explains how to sell a mid-market business in New Zealand. It goes through this process: Understand Buyers Brief Advisors Preparation Buyers List The Approach The Offer Due Diligence Final offer and Contract Earn out What is “Mid-Market”? In New Zealand, middle or “mid” market businesses have revenue of $2 million to $50 million. … Read More
by Bruce McGechan
Perhaps you’ve just the got the word from your doctor, your health is deteriorating and you need to stop working. Perhaps you’re going through divorce. Whatever the reason, you’ve come to the difficult conclusion you need to sell your business and you need to sell it fast. You’ve read my article How to Sell a … Read More
by Bruce McGechan