If you're looking to buy a business, then those who have gone before you will tell you - you're in for a steep road ahead!

The time, effort and finances which go into any new business venture are huge, and your choices will largely determine the success of your venture.

In Australia, 6 out of 10 businesses will shut their doors within their first 3 years - how can you ensure the business you buy will not only survive, but thrive!?

Many prospective new business owners go into a business with little forethought as to what's involved in the day to day running of the business, or even if the business or industry suits their skillset of lifestyle.   Also being able to analyse the competitive landscape and interrogate the books of the business to determine what it's really worth - is invaluable information to have before you part with your hard earned cash.

With the Sunshine Coast already home to more than 30,000 businesses and game-changer projects such as the Sunshine Coast Health Campus attracting further long-term business investment, four of the region’s most prominent financial, legal, accounting and business advisory firms have joined forces to assist prospective business owners with navigating the complex path to business ownership.

PJT Accountants and Business Advisors is spearheading an event in conjunction with Rod Russell of Savvy Business Sales, Scott Schatto of Commonwealth Bank Australia, and Ken Waddington from Garland Waddington Solicitors to give prospective business owners an insight into what they need to know and prepare to ensure a successful transition to business ownership.

The free seminar will run on Wednesday, 31 August 2016 at the Maroochydore Surf Club starting at 5.15pm and running until 7pm.  Attendees will also go in the draw to win a $2,000 business start-up package to help the lucky winner get their transition to business ownership new venture off to a great start.

Event coordinator Jodie Thompson said “with so many factors to be considered when buying a business, it was easy for prospective business owners to overlook key steps.”

“The time, effort and finances that go into a new business venture are considerable so it’s crucial that buyers are well-informed so they can make sound decisions, and also select the type of business and industry which suits their lifestyle and skillset.  We’ve seen too many people rush into a business, only later discovering it really doesn’t suit them.” Ms Thompson said.

“In Australia, six in 10 new businesses shut their doors within their first three years of operation. This is an alarming statistic and really drives home the importance of taking time to ensure your new venture is capable of surviving and thriving over the long-term, and you pay a fair price for the business to start with.”

To reserve your place or find out more, contact Tanya Munro on 07 5413 9300 or tanya@pjtaccountants.com.au by 25 August.