Prevention is better than cure
"A standard contract is not always standard" (Tony Pattinson, Ferguson Cannon Lawyers). Smart business people recognise that their new business environment in Australia will differ significantly from the one in their home country. Whether they be from the United Kingdom, Canada, United States, South Africa or any other English speaking country, most business migrants eventually come to recognise the sometimes vast differences in legal, tax, regulatory and cultural environments they then find themselves in.
Prevention is better than cure.
Due Diligence, a business investment imperative
Einstein is credited as saying, “understanding the problem in full is already half the solution”. What this means for prospective business buyers in Australia is that when they gain a better understanding of their target businesses and the environent it operates in they are better equipped to make an investment decision in line with the needs of their customers, their own personal and financial capacity as well as the requirements that DIAC or a State agency may impose on their visa conditions.
The key to our due diligence service is that we are completely independent from any seller or other third party. Moreover, we consider the operation of the business from a businessman's and a banker's perspective following the input of legal and tax experts with who we contract to render specialized services.
The benefits to our clients are that our reviews are:
- void of bias and emotionally-charged analysis
- conducted through the lens of local business professionals
- an analysis of the internal and external business environment
- empower our clients to have a clearer picture of the value of the business
- empower our clients to ‘hit the ground running’
The Bottom Line
A clear understanding of the riskiness of a business's profitability and sustainability has a clear bearing on the buying decision, and in particular the price that the buyer is willing to pay.
Quasar Advisory’s due diligence services help answer these important questions. That said, the main objective of a due diligence should not be to ‘find any problems’ or necessarily ‘determine the value’ of the business, but to determine the suitability of the business in terms of its prospective owner. Will this business be a 'good fit' for you?