Post about "Business"

Preparing Your Business For Sale – How to Cash Out

Savvy business owners know that to run a successful company you need to be a great marketer, control your costs and deliver unbelievable customer service. However, when it comes time to sell your business, it’s important to plan a strategy that will leave you and your company in a great position. Creating and implementing an exit strategy for your business can provide you with a lot less stress and peace of mind knowing that when the time comes to sell, you’ll be ready.The sale of your business should be a planned process to yield you the highest possible price for the company; not a knee-jerk sale based on uncontrollable circumstances like health problems, financial issues or an untimely death.Developing a successful exit plan should begin well ahead of your targeted exit date (I recommend at least three years). Here are some things to consider as you get started:Get your personal financial picture in order.
As a future seller, be sure that you have adequate protection with life insurance, disability insurance and even business interruption insurance to protect your company in the event that a disaster occurs.I also suggest meeting with a certified financial planner. Often a seller’s largest asset is their business. If an owner is forced to sell after several months or years of minimal profitability, they won’t be able to sell for the maximum price and may not be able to exit with the cash they had anticipated. A planner may recommend building up cash reserves or acquiring real estate to balance out your portfolio.Understand what buyers are buying.
Most business buyers are first and foremost buying cash flow or net profits. Demonstrate the financial strength of your business by supplying them with (at minimum) 3 years of profit and loss statements, 3 years of federal tax returns, equipment list, inventory list and a copy of the facilities lease.Equally important is the building lease. When a business changes hands, an important element for a new buyer is to be able to secure a long-term lease. Lease negotiation can make or break a transaction so it is best to know the landlords intentions as soon as you make the decision to sell.I also recommend systematizing your business by creating an operating manual for each area of your company. Standard operating procedures provide a buyer with an existing system for success and will allow you to easily transfer information to the new owner.What’s it worth?
Now that you understand what a buyer wants, you need to determine what you as the seller want. Every seller must ask themselves, “How much cash do I want to receive at the closing?” or “What is my premium price?”A key component to achieve the highest price is for the seller to offer to carry a promissory note, making the seller the banker for a certain portion of the purchase price. By offering to carry a note, the seller demonstrates to the buyer that he or she believes in the business and that they will remain financially invested in the success of the company after the sale.When pricing the business for sale, the more reasonably the business is priced, the faster the business will sell. Be sure to enlist a certified business appraiser or an experienced business broker to provide you with an opinion of value. By adding the value back to the financial statement, a buyer will have a better idea of how much income he or she can expect to receive when they take over the company.After receiving a valuation of your company, compare the current value of your business to your proposed exit date and premium price expectations. Is your premium price realistic? Is the time frame realistic to reach the necessary sales levels to achieve that price? In order to reach your goals, all elements must come together.Getting your maximum price.
If you determine that you will not be able to achieve your desired price, you must begin to implement strategies for change as soon as possible. Start with a simple SWOT analysis looking at the strengths, weaknesses, opportunities and threats of your company. Necessary strategies might include creating a marketing plan to increase your sales or a cost containment strategy to reduce your expenses.As a business owner, you deserve the highest possible price for your company. Plan your exit strategy with the same amount of thought and detail that you plan your customer service strategy or craft your marketing plan. After all, all business owners will exit their business whether they plan for it or not, and a good plan can be the difference between the “retirement” of your dreams or just a long vacation.

5 Empowering Tracks From Female Icons To Make You Feel Inspired

Sometimes we all need a little lift. Whether you’ve had a recent knock to your confidence, have been going through stress in your personal or professional life, or have always struggled with your self-esteem, music is an essential tool for lifting your spirits and making you feel better about yourself.

According to a study by Heriot-Watt University, the type of music you listen to not only influences your mood, but also your personality, with indie and rock/heavy metal fans reporting the lowest levels of self-esteem, while fans of jazz, blues, opera, classical, pop, rap and soul all reported high levels of self-confidence.

So if you’re having a ‘down day’, why not boost your spirits by listening to some powerful, uplifting tracks? Here are five perfect confidence boosters.

Britney Spears – Toxic
Britney’s own struggles with her mental health and conservatorship have made her an inspiration for many people across the world.

This classic song is timelessly sensual, and the heavy beats throughout make it impossible not to dance to. A welcome blast of nostalgia, this tune has filled dance floors across the globe with fans old and new.

The video features Britney as a female spy playing the sexy flight attendant, seducing her passenger before she makes her escape on a motorbike and breaks into a high-security facility guarded by a laser security system.

This track and video is a guaranteed way to feel invincible, and deserves a place on your playlist no matter your mood.

Kelis – Milkshake
A cheesy classic that is guaranteed to make you feel all warm and gooey inside, Kelis pumps up the heat in this 00’s RnB track. Underpinned by intricate drum beats and electric elements, Kelis’ self-confidence is infectious, and it’s hard not to find yourself smiling at the lyrics.

This track is a great way to get into a flirtatious mindset, making it a great choice before going on a date or heading out for the evening.

And if you’re staying in? It’s a great mood lift. But beware! You may find yourself craving a sweet treat.

Eve (ft. Gwen Stefani) – Let Me Blow Your Mind
This RnB classic will capture your attention with its assertive rhythm and powerful vocals from 00’s icons Eve and Gwen Stefani. Featuring a laid-back – yet self-assured – beat, and catchy guitar riff, this is a great track for driving, and its empowering feel is sure to help you feel motivated.

Got a job interview lined up, or thinking of asking for a raise? This anthemic number is a quick way to feel positive and more assertive.

The video features Eve and Gwen Stefani crashing an exclusive event on quad bikes, causing a stir among the privileged attendants, and shoving the performer off stage to perform their own music, before finally being arrested and taken to the station in a police van.

This ‘baddie’ track helps you to tap into the hidden ‘bold’ side of your personality, and lifts your mood while keeping you feeling calm and cool.

Fergie – MILF$
If you have kids, it can be difficult to feel sexy. When you’re running around cleaning the house, changing nappies, or up to your elbows in dishwater, you can easily forget your sensual side – leaving you feeling frumpy and lacking in confidence and motivation.

Thankfully, Fergie’s comeback track is a quick remedy to your low mood and lethargy.

Featuring attractive mothers dressed in curve-hugging latex and silky lingerie going about their daily life in a dreamy, colourful suburbia, this track is a quick way to transform your self-esteem and transport you to a world where you are not just a mother, but a goddess too.

Why not shake off the day and tap into your feminine energy with Fergie, your sexiest PJs, and a bottle of your favourite wine?

Marina And The Diamonds – How To Be A Heartbreaker
Low confidence after a breakup? You’re not alone. Having your heart broken can leave you feeling depressed, undesirable, and unmotivated. So flip the tables on your ex and become a heartbreaker with Marina’s catchy club classic.

This empowering dance track will make you want to move your body and get in touch with your bad girl side, with its heavy beat and pounding rhythms.

Plus, if your libido has suffered as a result of your low mood, take a sneaky peek at the video – it will get your blood pumping with its steamy shower shots and smoking hot male models.