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How to buy a private business in Australia instead of starting one: everything you want to know before risking it on a private business

Should I start or buy a private business in Australia? What are the risks of buying private business? Owen Rask, Jordan Kidis and Danil Goloubev explain it all on the Australian Business Podcast.

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About this episode

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, Iā€™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 whoā€™ve done it.

Find all of the experts’ answers by tuning into this episode of The Australian Business Podcast.

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šŸ“ˆ Free online business community – InflectionĀ 

Zara, Owen, Jordan and Danil are proud to invite you to join our free online business owners community. Filled with videos, PDF downloads, daily discussion and more, you can join now for free to unlock episode resources and goodies. Click here to join us online.

āœ… Grey Space Advisory – snag a $100 health check

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 setup, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! You can book a $99 health check with the Grey Space Advisory team and tell them Owen sent you.

šŸ°Rask – Get Owen’s best investing research

The Australian Business Podcastā€™s official sponsor is Rask, our very own company. We empower hundreds of thousands of investors around Australia, whether you’re new or have been investing for 40 years. You can take an investing course on Rask Education to discover how Owen carefully researches small or blue chip companies, or become a premium Rask member today to speak directly with Owen and see what he is investing in.

As Warren Buffett famously said, “I am a better investor because I am a businessman, and a better businessman because I am no investor.”Ā 

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Grey Space Advisory is a sponsor of The Australian Business Podcast.

Information warning: The information on this website and in our podcasts is general financial advice 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. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you donā€™t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read ourĀ Terms & ConditionsĀ andĀ Financial Services Guide before using this website.

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