Small Business Term 'ABN' - What does this represent?

Small Business Australia



Australian Business Number (ABN) - An ABN is a unique 11 digit
identifying number that businesses use when dealing with other businesses.

For example, all types of businesses, including small business, generally
need to put your ABN on your invoices, or other documents relating to
sales that you make.  If you don't, other businesses may withhold 46.5%
from any payment to you.

You also need an ABN in certain dealings with the Tax Office and other
areas of Government.

Registering for an ABN is not compulsory, but you will need one to register
for the GST (goods and services tax).

Small Business Term 'SAV'

Small Business Listings Which State The $price + sav

What is SAV?

SAV = STOCK AT VALUE

When the Stock is Valued At Wholesale or Cost Price – The Price Does Not Include Stock

(Used whether buying a small business or selling your small business)

Why Small Business Owners are Choosing to Value Their Own Business

Thinking Of Selling Your Business? Don’t Until You Hear This… Why Small Business Owners Are Choosing to Value Their Own Business

Selling your small business for its true value and at the very best price is definitely challenging, however surprisingly straight forward.  More small business owners are becoming aware of just how simple it is to sell their own business without having to pay the large commissions.

One of the most common reasons why small businesses which are on the market do not sell is inaccurate business valuation, resulting from an incorrect selling price that may either be too high or too low.  In determining business value, the mathematical expression of total assets minus total liabilities is only half the whole picture 

When preparing your small business for sale there are a lot of other variables that must be considered to come up with an acceptable business valuation especially to attract potential buyers.  As you are aware, no two businesses are the same, so why should they be valued the same way?  That is why it is imperative to calculate your business valuation and include absolutely everything - just the 'multiple' method may not cut it.