03 Nov The times they are a-changin
NOTE FROM TOM WEST:
Clyth lives and has his office in New Zealand, and some of the language, etc. may be different. But, if you read the following, you will see that business brokerage is not much different here in the states. Clyth has been in business brokerage for 50 years. Here is the latest from him.
I’ve been selling businesses for 53-years, since just before Bob Dylan wrote the above famous words. We still sell businesses the same old way… list, value, market, and negotiate a sale. From one person to another. But what we sell (the type of business), how we sell (the marketing and the internet) and who we sell to and for have changed immensely.
“Ethnic diversity vital to success”
So says the author (Maichen) of a major report featured in the NZ Herald and pointing out that 40% of Auckland’s population is already born overseas, with Asian immigrants as the fastest growing sector.
We welcome this trend. We believe immigrants enrich our country, culturally and financially. Generally, they are courageous, industrious, and entrepreneurial.
Our own team reflects this diversity. We like to run with about 25 sales and support staff and I note that currently 12 of them are from Asian (Chinese, Korean, Indian) backgrounds. We market strongly in ethnic newspapers and other media which enable us to attract a wide range of potential buyers and provide maximum exposure for our sellers.
Escape the ratrace! Provincial Bargains
Out-of-Auckland businesses offer some great opportunities. We are seeing Aucklanders selling their houses here and buying a similar house plus a business for the same total amount in provincial towns.
They are finding other benefits too, less traffic congestion, shorter (or no) commuting times, lower rents and staff wages for businesses, a more relaxed lifestyle, and they can still get a good cappuccino!
Opportunity knocks… broaden your horizons.