Most business owners have a thought in back of their minds that they will at some point (hopefully), sell their business for lots of money. Who can blame them? After all, isn’t this part of the allure of getting into your own business?
While there are drastic differences between selling a business and a piece of […]
Before even asking questions about what wealth managers do and where to find one, most people will want to know if wealth management is even relevant for their business. Below are common questions, and answers, about wealth managers.
DO YOU NEED ONE?
You don’t have to have to be a Rockefeller to secure the services of […]
Personal events involving the owners or senior management are what usually raise the question: is it time to sell the company. For the most part, the decision to sell is made for personal reasons. We discuss the most common reasons for a sale and goals of a sale below.
1) Fatigue: the owner-CEO wears several […]
Most company owners sell the company themselves. Whereas homeowners use brokers (Realtors) 90% of the time, sellers of companies use brokers only about 30% of the time.
When is it a good idea to use a broker?
With so many other things to keep track of when selling a business it’s hard to keep in mind all of the factors that will affect purchase price and deal terms. Below I highlight and discuss some of the most important factors.
Recent Performance:
Most small business sales are financed, at least in part, by the sellers themselves. Offering seller financing puts the seller in a stronger position to get a better price and a faster sale.
Buyers nearly always need seller financing. Their advisors strongly recommend it. Seller financing acts like a bond for performance to assure […]
Like everything else in life, the answers to these two questions are more complicated than most people expect. The principles of selecting a business appraiser, however, are fairly straight forward.
Both sellers and buyers need business appraisals. There are many varied reasons for needing to know what a business is worth. They range from selling […]
Recently there has been a tremendous outcry in the Office community swirling around the rumour that Microsoft is removing Visual Basic for Applications from future versions of Office. Business managers are wondering if they should bother with Excel VBA training programs if the macro language is on its way out.
To paraphrase Mark Twain, the rumours […]
Managing cash flow has always been a bit of a headache for small businesses when taking care of their business banking. Customers often leave payments until the last minute or even overdue and this means that forward planning with money management is near on impossible.
Many small businesses leave financial planning and tax matters until […]
One of the best ways to be more effective in your work is to take control back, wherever possible. By working on your own area where you work, you can ensure that you feel better and much more in control. This can easily lead to a more confident and capable performance.
1) Closing the Door
If you want to experience business growth, you will need to foster employee satisfaction. Happy employees equal loyal laborers. When your employees are happy, your customers are more likely to be happy, and you will be happy with your business.
So, how do you make an employee happy, especially if you are just starting out? […]
Fire exits should be strategically located, with an outward opening door that has a crash bar and outward leading signs on it. Knowing where to find the emergency exits in a building that you frequent can save your life. Inward opening, rotating and sliding doors are unacceptable for use as fire exits, as they might […]
Are you just starting out in business? Are you wondering what IOVC and the “O” of IOVC technology means? You heard about office process improvement, business process improvement, business process management, workflow management and you wonder what these IOVC technologies can do for improving your business operation?
IOVC technologies can cut your business costs sharply. […]
Boiler and machinery insurance refers to the insurance of machines. Boiler insurance is not only applicable to boilers, but any machines that generate electrical power including generators and motors. It includes the damage to the machine and the surrounding area through explosions and fire.
If you have ever tried to settle a simple insurance claim […]
You start off alone. Be it as a solo business owner or a manager looking after a part of a larger business. It gets busier, you get distracted from what you want to do, because there’s only one of you and you’ve only got one pair of hands.
So you need to find help.
There’s a whole lot of discussion going on these days where gurus are promoting the minisite system.
There are few that recommend creating content sites with valuable information to promote your own products or affiliate products.
Such sort of discussion confuses a newbie as to how to get started. With such confusion they quit even before starting […]
Business Owner Burnout (BOB) is the most common reason for business owners to consider selling their businesses. Most owners do not have their businesses ready to sell when burnout has finally taken its toll. And business owners who do succumb to BOB usually take a significant financial loss.
How can you learn to protect […]