Minerva Holdings prioritises win-win-win arrangements that consider the best interests of all parties involved: the business owner, staff and students invested in the business, and our organisation. Before introducing a new RTO or business into our portfolio, we spend considerable time interviewing and discussing with business owners to reach this mutually beneficial result. Our latest blog unpacks the main questions we will be asking during an acquisition meeting.
Tell us about your business.
It may sound intuitive, but first impressions are so crucial in business! We want to get to know your business, its structure (whether you are a sole trader or company, single shareholder or multiple shareholders), and the systems you have in place to manage staff and students. We also take into consideration the rapport built with business owners, and whether their intentions align to ours.
What prompted you to reach out?
Following an in-depth introduction to your business and service offerings, we like to discover your reasons for reaching out to Minerva Holdings. We’ll also determine whether you’re a right fit for our portfolio and whether your business will be a commercially viable acquisition.
In an ideal world, what would you like to happen?
As an organisation that is transparent, tried and true, we want to reach mutually beneficial agreements that considers all parties’ best interests. We’ll discuss how much you are willing to sell your business for, and what will be included in the negotiations. Throughout this discussion we’ll also have questions regarding the value of your business and other relevant figures. We may ask how these numbers are derived, and your monetary progress over a period of time.
What plans do you have once the business is sold?
Do you want to remain in the business, perhaps as an educator and leave the administrative burden and compliance to Minerva Holdings? Or is it time for retirement and you want to leave your life’s work in safe hands? No matter your reasons, our offerings remain flexible and we’ll endeavour to acquire your business with minimal disruption to your training courses and student experience. We are dedicated to empowering lifelong learning, after all!
Minerva Holdings pride ourselves on our supportive community and access to valuable education. That’s why our business acquisition process is thoughtful and thorough, allowing us to carefully adopt RTOs that share our vision for lifelong learning. Does your business belong with our thriving portfolio? Reach out to our courteous team here.
