Business Handover
Preface :
There are thousands of small businessmen in India who are running their business either single handed or as partnership firm for the past over 30 to 40 years. They are the first-generation businessmen who have struggled throughout their life to establish and run their business. These people have faced resistance from society as well as from family to some extent because many left their good jobs to start and run the business.
The size of the business does not matter for us. Our aim is to find suitable successor for the existing running business.
During this tenure, they have run their families and completed all responsibilities of family like education of children, their marriages, good care of parents etc. While doing so, they may or may not have great savings, some may be even going through hard time as usual but are successfully running the business by stretching themselves like boot-strapping or such.
Now that this generation has crossed their fifty, sixty or may be seventy years of age. Some of businessmen's children have joined them. They are the lucky ones to find successors.
Now, the question remains about a large group who do not have successors for their business. Their children are not willing to join them as they have seen parents struggling so much to survive and run the business. Many of children have studied and working abroad on attractive package which the business cannot afford. Some may find parents business as a low grade activity. Many may have other issues.
Now what will happen to their businesses?? Do they have to close down because of age? What will happen to selling potential and goodwill of that small yet reliable business? Who will capture their market space? There are lot of questions of which we are trying to find answers.
Whatever may be the case, we do not want to go in to the reasons, but wish to find a good successor for the business with assured returns to promoter of the same.
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* How are we planning to do this?
Though children or relatives of promoters are not willing to join as successors for any reason, there are many young and dynamic youths who are looking for starting and running business. They are unable to do so just coz they do not have may be capital, may be marketing background, may be technical skill or so. Some of the skills may be lacking, but they definitely have potential to run the business as a whole if their lacking of skill is bridged by someone. There are thousands of young people who are hard working, trust worthy and looking for business avenues. We will bridge this gap. We are generating a data base of both sides, arranging meetings between them, make them understand their needs so that together can find suitable match for each other. In a way it is sort of finding a right partner for HANDING OVER the business for a continuous future. We have data from existing businessmen who want right successor and the data of young people who wish to join and take forward existing activity to a new level.
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* Offers for existing businessman
Partnership with incoming person - Many of the businessmen do not want to leave business immediately, because most often they regard their business as their own ‘babies’ and want to pass on all that to a new deserving ‘parent’ and so also wish to share their vision and thoughts for future of their business. They still have some plans to execute and have the energy or resource to do so if someone is ready to execute their plans. In such a case, the incomer will join as partner on agreed terms. Some exit policy will be defined and the outgoing person will share his percentage in phased manner with respectful earning.
Outright sell - Some may wish to stop working now. They can sell their business on an outright basis on agreed terms. Further remaining as consultant to the business can be decided on mutual terms. Same are options for any incoming person. He can join business in a phased manner or can purchase the same completely. Allowing outgoing person to remain as consultant can be a mutual decision.
Our charges will be based on success of the deal. We will not take any advance money. Our fees will be 2% of the transaction charges from both sides once the deal is finalized. For phased manner transaction, the fees can be decided on agreed terms. Our main focus or intention is to join both sides of business people. The outgoing one and the incomer so that the legacy of the business will remain intact. The outgoing person will retire with respect, dignity and suitable monetary benefits. -
* Important
Importantly, we have one more consultancy cell, which can help existing stressed business who currently may be NPA units and are facing challenge for their assets due to SARFAESI Act implementation on them. This cell is run by businessmen who have come out of NPA.
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* Services offered by us:
* Proper valuation of your business from experts
* Financial services if needed
* Legal Services if needed
* Statutory compliances services if needed
* Finding out suitable person for handing over / taking over the business
* Market Analysis if needed
* Finding Investors
* Any other business related assistanceCLICK HERE TO ENQUIRE NOW
