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Suggest You - Five Tips & Five Steps --- To Sell or Not To Sell My Business
The words that we see on paper or, for that matter, on many other media such as plastic, glass, wood or as embossed on visiting cards, is a technique made possible due to the art of printing. It is a form of technology that is defined as a process that helps reproduce copies of texts and images, mostly using ink on paper with the help of a machine called the printing press. This entire process is then termed publishing and includes newspapers, magazines, publicity leaflets and brochures, newsletters and many other forms that essentially serve the objective of disseminating information through the written word.The history of printing is long and interesting. It was first conceived and developed in China and there is evidence to indicate that primitive woodblock printing was in use by the sixth century. The oldest surviving book that was published using the technique of block printing dates back to 868 AD. This is the Diamond Sutra, a Buddhist scripture. The movable type printer was the creation of Pi Sheng in 1040 and the movable type metal printing press was invented in Korea as early as in the year 1234. By the 12th and 13th centuries, many Arabic and Chinese libraries were stocked with tens of thousands of printed books – such was the popularity attained by
Preliminary is the key word here. Most owners have an idea of what their business is worth and what they would settle for if they decided to sell. Unfortunately, statistics show that most owners h
The federal government anticipates spending over $150 billion dollars for the Katrina and Rita hurricane disaster relief and reconstruction efforts. Contracting opportunities abound for businesses of all sizes and types and there is a great need for varied services and products. Businesses throughout the US can explore the contracting opportunities by following these four steps.The disaster-related services and products needed in the Gulf states will cover every aspect of life, business and government in the affected areas. Savvy companies are working to fill the needs now. However, this is a long-term, multi-layered process. While initial contracts have already been secured, there will be many more contracts worth billions of dollars to come over the next 6-12-18 months and longer. Those firms that employ both short-term and long-term strategies will be the most successful.Step 1: Identify the Agencies with the Budgets to Buy What You SellThis is one of the advantages in doing business with the federal government. Unlike the corporate environment, you can find out what agencies have budgets projected for your products and services and when they are planning to spend it.The Department of Commerce Hurricane Contracting Information Center (H
Does this sound familiar? Don’t despair, you are not alone. Most owners of small businesses with sales revenue ranging from $5 million on up to $100 million face these same questions and these same doubts. Hopefully the following tips and steps will help put your mind at ease and provide some direction as to what actions you may or may not want to take.
TIP #1 – Preliminary Assessment of Company Value
Preliminary is the key word here. Most owners have an idea of what their business is worth and what they would settle for if they decided to sell. Unfortunately, statistics show that most owners h
Perhaps the most important quality for your small business marketing materials is that they are different. If you do nothing else right in your small business marketing, at least be different.Why is differentiation so important? Because, in most industries, there are hundreds – if not thousands or millions – of other businesses that claim to provide the same service or sell the same product as you do. If you don’t differentiate your business from all those others, the chances that you’ll get many customers are pretty slim.Some common ways to differentiate your business are:Superior service Greater product availability Higher quality Better performance Greater durability Prestige Technology leadership Satisfaction guarantee Lower cost Faster delivery More customer supportBut even if you are very different than your competitors – you offer superior service, greater durability, or a satisfaction guarantee that beats all others – it won’t matter unless your prospective customers know about it.That’s where your small business marketing strategy comes in. Businesses have been using their small business marketing strategies to announce how they’re different from their competitors as lon
Does this sound familiar? Don’t despair, you are not alone. Most owners of small businesses with sales revenue ranging from $5 million on up to $100 million face these same questions and these same doubts. Hopefully the following tips and steps will help put your mind at ease and provide some direction as to what actions you may or may not want to take.
TIP #1 – Preliminary Assessment of Company Value
Preliminary is the key word here. Most owners have an idea of what their business is worth and what they would settle for if they decided to sell. Unfortunately, statistics show that most owners h
Over the past 25 years I have had the unique opportunity to talk directly with many of the professionals and instructors who use Overhead Projectors as an integral part of their profession. Through these interactions I have accumulated notes and information that has inspired me to write these articles that pertain to some of the most common problems experienced by owners of today's and yesterday's Overhead Projectors. This is the ninth article in a series of articles that will be written from a professional Electronics Technicians point of view in regards to some of today’s most common Overhead Projector problems and questions.This is part two of my article titled “Projection Lamps; how long should they last?” Because of the response I have had from the first article I thought it might be a good idea to continue our discussion of the subject of projection lamps and premature burnout.One of the most frequent questions we receive from our customers is what causes early projection lamp failure. A lot of people are making simple mistakes that end up costing them a lot in burned-out lamps.For instance, did you know:• Moving the Overhead Projector while the lamp is on or even shortly after turning it off can cause premature failure. A hot lamp
Does this sound familiar? Don’t despair, you are not alone. Most owners of small businesses with sales revenue ranging from $5 million on up to $100 million face these same questions and these same doubts. Hopefully the following tips and steps will help put your mind at ease and provide some direction as to what actions you may or may not want to take.
TIP #1 – Preliminary Assessment of Company Value
Preliminary is the key word here. Most owners have an idea of what their business is worth and what they would settle for if they decided to sell. Unfortunately, statistics show that most owners h
Here's a great way to market and have FUN! Whether you are the 1-on-1 person or the person who loves to be in front of a group, focus on building relationships. Relationships, especially in a service business, are imperative in building your business. There is a business relationship called Strategic Partnership. Let's look at the difference of formal Partnership vs. Strategic PartnershipDefinition:Formal Partnership"A legal contract entered into by two or more persons in which each agrees to furnish a part of the capital and labor for a business enterprise, and by which each shares a fixed proportion of profits and losses." www.answers.comStrategic Partnership/ Strategic AllianceCreating a win/win situation for both parties. Looking for someone who matches your values and integrity. You have an understanding of each other's expectations. You have a common audience and commitment. You share resources and may even create a program together. By aligning with different strategic partners, your visibility increases by the number of each person's database. Hence, you get to market for someone else and they are marketing for you. I can't tell you how many entrepreneurs have told me how passionate they are about someone else's bus
TIP #1 – Preliminary Assessment of Company Value
Preliminary is the key word here. Most owners have an idea of what their business is worth and what they would settle for if they decided to sell. Unfortunately, statistics show that most owners h
The biometric time clock helps to gain the objectives of security, convenience, and accuracy, which is of great importance in contemporary working environments. Biometric time clock maintenance requires professionalism, even though the maintenance cost is low. The parts of biometric clocks are easily available and can be replaced to give more perfection.The hand reader is the main part of the equipment; it is where the employee places the hand for the image to be scanned accordingly and checked with the data stored earlier. Sometimes, the hand reader might function erratically, allowing admission even to unauthorized personnel. Immediate maintenance of the equipment is needed to solve this problem, as it might compromise the security of the firm. Biometric time clock maintenance is more professionalized at present; the system is used in various locations by networking to the central computer where a virtually unlimited amount of data is stored. During the maintenance of the hand reader for a battery failure or an option to reset memory, the data stored acts as a secure back up. The hand reader offers full interface with all popular time and attendance timecard software. There is no need to change the existing software that has been loaded for working of the
Preliminary is the key word here. Most owners have an idea of what their business is worth and what they would settle for if they decided to sell. Unfortunately, statistics show that most owners have an opinion of value that is generally higher than what the market will bear. So before you go off and hire that New York M&A firm or go to that seminar about selling your business talk to your accountant, a favorite consultant that you know or have done business with, your banker or even your attorney. Do some networking and you may find that you can get a preliminary valuation done for a much smaller fee ($1700 to $2500). This will at least give you a platform value and some knowledge to determine your next steps. (E-mail rick@ceostrategist.com for more information on a preliminary valuation utilizing industry methodology)
TIP #2 – Have a Strategic Business Review Performed
You had a preliminary valuation done and you are comfortable enough to take the process to the next level. That means you need to have a strategic asse
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