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Little fish are sweet! A notable feature of the current market is the large volume of smaller businesses we are selling, i.e. those in the $10,000 to $150,000 price bracket. Most of these sales are to people who have been made redundant, returning ex-pats, or immigrants. Most are “buying a job”. This makes sense with the shrinking jobs market. Owning your own business provide employment, independence, challenge, a measure of security, and an income. There is also the potential for a tax-free capital again if they build the business up. All big businesses started out small. One SME we sold a few short years ago is now publicly listed. Many other small business buyers have become multi-millionaires. Business ownership has risks but also provides unlimited opportunities for growth. Buy it! Borrow it! Read it! If you are in business, in selling (isn’t everyone?), or looking to own a business you should get your hand on a copy of Michael Hill’s new book “Toughen Up – what I’ve learned about surviving tough times.” It is practical, inspirational, entertaining, and very relevant in the current economical climate. Relentlessly positive, Hill sees the present time as full of opportunity, a time not to panic and to embrace change. He is passionate about recruiting and growing the right people, enjoying what you do, and getting down to the coalface. He walks the talk. His book is part business advice, part memoir. A relatively late starter his company now owns over 250 jewellery outlets in Australasia and North America and has ambitions for continued growth. The personal insight is fascinating also. He meditates, visualises, flys economy, and is a generous philanthropist. This book is an investment – and a good read. |
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