Frequently Asked Questions
If you can’t find what you are looking for below, send us an email.
Business sellers
I’m a business owner. Can I sell my business directly to Genshare without a broker?
The success of our model depends on working with brokers to buy businesses. We are broker agnostic, but if you don’t have a business broker, we can point you in the direction of some options. Contact us at info@genshare.com.au to learn more.
What are your criteria for business acquisitions?
We have clear qualification criteria for buying businesses. All key criteria are listed on our business brokers page, here.
What if my business doesn’t meet all of your acquisition criteria? Can I still sell to you?
Our business model depends on buying businesses that meet a simple set of criteria. If your business meets some – but not all – of the criteria, we will be less likely to consider it.
What is the timeline for your business acquisitions?
Our AI-enabled platform facilitates transaction, talent sourcing, and transition processes. It enables us to execute acquisitions efficiently, often within six to eight weeks of a Heads of Agreement being signed. This includes the due diligence and business transition planning process.
I’m a business owner. Do I get a say in who will take over my business?
Yes. Genshare leads talent sourcing and qualification, but ultimate selection requires guidance and input from the retiring or outgoing seller.
What is the transition process for integrating the new leader?
Business continuity is a non-negotiable for us. In order to achieve this, we have a comprehensive transition process, often lasting several months. During this period, the seller does an exhaustive handover to the new leader, with the support of a dedicated Genshare Business Support Partner, whose primary responsibility is to support a successful integration. The seller stays on as an adviser for a minimum of months. We see the transition period as a true partnership between the seller and new leader.
Aspiring business owners
Can I still become a Genshare business leader if I’ve never owned a business?
Yes. We welcome talent from all different kinds of backgrounds. In fact, most of the talent we work with have never owned their own businesses. We look for people who can demonstrate a range of transferable skills, including leadership, strategic thinking, management and more.
What kind of capital do I need to lead a Genshare business?
The benefit of becoming a Genshare business leader is that you don’t need to outlay any personal capital. This means there are no upfront costs to you. You will have the opportunity to realise majority business ownership without the level of personal financial risk that typically accompanies a business purchase.
How can I qualify to become a Genshare business leader?
Simply fill out this form and we’ll be in touch if there are any relevant opportunities that match your profile.
What equity will I receive if I become a Genshare business leader?
When you become a Genshare business leader, you’ll receive an initial equity grant of up to 15% and a pathway to majority ownership based on business performance.The more value you create for the business, the sooner you’ll be able to increase your equity stake.
After I become a Genshare business leader, how will Genshare provide ongoing support?
Genshare provides ongoing learning and development opportunities, mentoring, and access to network events. Leaders will also work with a dedicated Business Support Partner, who will help with the transition process and provide ongoing strategic support.
If I become a Genshare business leader, am I employed by Genshare, or the business I am leading?
You will be employed by the business you are leading.
What kind of benefits do I get as a Genshare business leader?
A list of benefits can be found here, including a competitive salary, business ownership, wealth creation and access to community. Individual businesses within the network will also have their own HR policies in place.
What is the timeline for becoming a Genshare business leader?
Once you register your interest to become a Genshare business leader, you will receive regular general communications from us. If a suitable business emerges, you’ll be contacted about the opportunity and we will proceed with the qualification and interview processes. Our business acquisition process typically takes 6-8 weeks after a Heads of Agreement is signed. Once the business is acquired, the new business leader enters the business full time and begins a transition period in which a formal handover between the business seller and new leader occurs. The transition period varies, but can last several weeks to several months.
Will I ever become the full owner of the business (100% equity)?
Genshare puts leaders and key team members on a pathway to majority ownership. However, Genshare will always retain a minority ownership of businesses in the network.
General
I’d like to work for Genshare? What roles do you have?
You can see our current vacancies here.