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Winning With Diversity - The Next Phase
*Diversity refers to the broad mix of people currently or soon to be a part of your organization. It exists whenever you encounter anyone who has a view of the world, or "paradigm", different from your own. **Managing diversity is a deliberate effort to create a work environment that allows these differences to contribute equally to the common goals of the organization.Managing diversity emerged as a key strategic issue in the1990's. Unfortunately, for some, it has also emerged as the latest new management fad. As such, there has been a lot a talk recently about the value of diversity training. After all, several companies took a pioneering approach to diversity and were among the first to "do something" to address the issu

can be verified
• Are comparables of other similar firms provided?
• Lists of prior clients as references
• Testimonial letters from prior valuation clients
• Articles published on business valuation/appraisal
• Ability to provide expert testimony in court if required

Please notice that the above list does not include certification as a selection criterion. Certification by one of the major business valuation associations is a fine badge to carry, but is no guarantee that the final numbers produced will be more accurate or realistic then those produced by a non-certified valuation professional. The key here is track record, track record, track record! Also, the price you pay for a valuation is no sure bet indicator of the accuracy of the results. A few years ago one of the major business magazines published an article featuring a valuation “expert” which detailed the valuation assignment of a certain “service” firm. As the article concluded, this valuation analyst quo

Use Links for a Better Event Experience
Links are one of the most convenient features of the internet. The ability to go from website to website and land exactly at the information you are looking for is like opening a book and getting the page you need every time.If you can anticipate the information that your event participants need and point them directly to it, when they need it, you will get more registrations and make registering and attending your event more enjoyable and beneficial.Before we get to a list of links that you may want to use, keep in mind that you can over do it. Try to keep your registration form uncluttered by only adding links that will help during the actual registration process. The rest of the links should go in the confirmation email or on the event website whe

Financial Data – What’s Needed?

As a general rule, the more financial data that is available, the better. If your accounting system is sophisticated enough to produce internal Balance Sheets and P&L Statements, they are certainly helpful. Of course the best information to use as a basis is the Federal Tax Return, since when these are submitted to the IRS, any and all final adjustments have been made. Also, three to five years of returns will give the valuation analyst a better and more consistent track record of the firm’s history. For further insight and/or questions, lean on the valuator for guidance. Typically, the most important source of necessary data is the owner or CEO (or the CFO if a firm is large enough to support that position), who usually is very familiar with the “financial goings-on” and the specific applicable history.

Present Debt - A Factor?

In the context of placing a value on a business to be sold, while debt is certainly important, it generally is not something which has a direct influence on business value. Here’s why. When there is long term debt to be considered (any debt to be carried on the books for a period longer than one year), that debt is normally handled by the seller out of the proceeds of the sale. Should it work out as a part of the deal that a given amount of the owner’s long term debt will be assumed by the buyer, that arrangement is customarily a part of the buy-sell agreement as prepared by the attorneys and accountants on one or both sides.

What Should A Valuation Cost?

The fee or service charge for a business valuation/appraisal will vary, dependent on a number of factors. It can run from just a few hundred dollars for a simple “off the shelf” software program, to in some cases tens of thousands of dollars . . . should the project involve a mid-size or larger firm ($10MIL or more in sales), and if ordered from one of the major accounting or valuation firms. But for most smaller firms, with sales from say $500m to $10MIL, and you are serviced by an experienced valuation professional who does nothing but process valuations, the service fee should fall somewhere in the range of $3,500 to $7,500, dependent upon the size of your firm and the amount of work to be authorized. (In some cases extras amount to the valuation of several different years, several different divisions of the same firm, 5 year averaging, valuation proformas, etc. A valuation proforma is a valuation based upon projections of expected results) When selected carefully, a focused, verified and veteran approach can produce worthwhile accurate valuations. Which brings us to our next central point. Selecting a valuation professional or specialist to do the work for this very, very important service.

How To Select A Valuation Service

A story comes to mind which occurred several years ago. When asked who would be doing the required valuation, the client replied “I have an excellent accountant who will be handling that for me.” It was then suggested that the client check to learn how many firms the accountant typically values over the course of a year. I was learned later that the accountant referred to had valued one firm about 18 months ago. Needless to say, the client decided to go with another firm which had more significant and current valuation experience. And please don’t misconstrue my intent, as this is not a poke at accountants. Most of those with which we are familiar do a competent and professional job at accountancy and some even have respectable valuation experience and activity. This accountant just did not have substantive valuation experience. The following check list will help with the selection process.

Valuation Firm/Practitioner Check List

• Length of time the valuator’s “system” to be used has been in place
• Printed literature and/or data sheets describing the process to be used
• Variety and size of firms valued in the past
• Frequency of valuation projects
• How final numbers can be verified
• Are comparables of other similar firms provided?
• Lists of prior clients as references
• Testimonial letters from prior valuation clients
• Articles published on business valuation/appraisal
• Ability to provide expert testimony in court if required

The Right Way to Use Automated Email
Using an online registration system to register attendees for your next event can significantly diminish your workload and increase attendance, but automated follow-up by email is essential for the success of your event. In fact, there are two different (yet still very important) ways to use it:1. To send out automatic confirmations to newly registered attendees.2. To send out reminder emails to registrants as the date of the event approaches.Automated confirmation emails will build confidence with your registrants. They'll know instantly that they are “IN” and confirmed for the event. It’s one less thing for them to have to think about. What's more, you won't have to deal with pesky questions like: "Did my registration go through?"Unf

ing which has a direct influence on business value. Here’s why. When there is long term debt to be considered (any debt to be carried on the books for a period longer than one year), that debt is normally handled by the seller out of the proceeds of the sale. Should it work out as a part of the deal that a given amount of the owner’s long term debt will be assumed by the buyer, that arrangement is customarily a part of the buy-sell agreement as prepared by the attorneys and accountants on one or both sides.

What Should A Valuation Cost?

How To Select A Valuation Service

Valuation Firm/Practitioner Check List

How To Work From Home And Ways To Make Money
As you read every word of this article, you will learn ways to make money from home.Fed up with traveling to work and doing the daily routine? You facing mid-life redundancy but haven't saved enough money to retire just yet? Do you need to boost income but still have young children at home?A part time home biz can be a perfect way to supplement our day job income and create the potential to take our business working from home full time.By reading every word in this article, you will learn: * Why work at home? * Utilize your skills to maximize your profits * Your options to work at home?O Why work at home? Many people decide to work at home, and there are many and various reasons to work at home. Some of the reasons p

IL, and you are serviced by an experienced valuation professional who does nothing but process valuations, the service fee should fall somewhere in the range of $3,500 to $7,500, dependent upon the size of your firm and the amount of work to be authorized. (In some cases extras amount to the valuation of several different years, several different divisions of the same firm, 5 year averaging, valuation proformas, etc. A valuation proforma is a valuation based upon projections of expected results) When selected carefully, a focused, verified and veteran approach can produce worthwhile accurate valuations. Which brings us to our next central point. Selecting a valuation professional or specialist to do the work for this very, very important service.

How To Select A Valuation Service

Valuation Firm/Practitioner Check List

Working Smarter Not Harder
Growing up we where all told in order to make it in life that you must go out there and work hard for everything you want in life. The harder you work the more you will succeed. Is this really that true though anymore? Now a day people seem to work harder then ever before, and still come up empty handed.So is working harder really getting us to where we want to be at in life? More then likely the only place its getting you is laying on our bed with a bad back or a huge headache. The new age is upon us, and now people are looking for ways to work smarter and not harder.There are a number of different ways one can go out and take full control of his or her finical freedom simply by working smarter, and throwing the rule book out the window. The first s

suggested that the client check to learn how many firms the accountant typically values over the course of a year. I was learned later that the accountant referred to had valued one firm about 18 months ago. Needless to say, the client decided to go with another firm which had more significant and current valuation experience. And please don’t misconstrue my intent, as this is not a poke at accountants. Most of those with which we are familiar do a competent and professional job at accountancy and some even have respectable valuation experience and activity. This accountant just did not have substantive valuation experience. The following check list will help with the selection process.

Valuation Firm/Practitioner Check List

The Advantages Of Free Anonymous Web Surfing Proxy
When you surf the Internet, your IP address and your location can be found. These are some of the most important data, through which other valuable information can be also discovered: name, address and even your social security number. This exposes you to hackers and you can also be a target of many advertising agencies. These are some of the many reasons why free anonymous web surfing proxy sites have been created.Furthermore, when a person surfs the web, his/ her habits of surfing can also be monitored and marketing agencies can then send you a lot of junk mail, spams. There are also many sites that actually promote themselves using spy ware, junk advertising or spams and you will be target of all these if you do not use the free anonymous web surfing pro

In the words of a client who was gracious enough to send us a letter after the sale of her 25% ownership in a retail furniture store . . . . “I did sell my share of the business, which came to a figure resulting from your analysis and I am satisfied it was a fair price for the times.” What more can be said! ***

Aids To Help Sellers
Two aids are available to help owners who are thinking of selling. The “Sellers Ten Commandments” is a list of guidelines that will help an owner prepare his business for sale and at the best price possible. “Debt Service Work Sheet” is an instruction sheet to learn how the mechanics down payment and finance balance interact when a seller plans to offer owner financing. Both are available free by writing Halas & Associates, 425 Roselawn Place, Charlotte, NC., or by email: hbvs@halas.com.

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Interim management has traditionally been seen as a reactive response to organisational failure. Increasingly, a new breed of interims are emerging - people who regard interim management as a career and have transferable leadership skills to work across sectors. Building in organisational capacity to accommodate career interims 'as part of the solution' is discussed.

All larger companies and all those who have been in the market for several business cycles are prone to an (identity) crisis. Corporate identity and the product of the company are related. This is quite important when dealing with change.

Why Should You Take Action? Why should you realize your small business ideas? Why be successful?...Why be anything?

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