My Strongest Dream to Visit You Africa

Africa Here I come Who doesn't love to travel.. traveling is the best experience one can get in his lifetime. With so many countries in the world to explore I m sure you would think that If I was rich enough I would fly away to the horizons of the world. Right from the north Antarctica to the depths of Sahara desert we will see different people, cultures, animals, topography and what. I personally want to travel to historical and natural cities. Natural in the sense, having ample of wildlife and forest reservoirs. For me Africa is the heaven to travel. Oh yes, I just want to travel to Africa for once in my life. I have seen in discovery about Kalahari desert Savannah and national park sanctuaries. Oh man, are they absolutely wonderful. Have you seen their hippos and lions and weird...

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Common Mistakes in Business Valuations

Everyday companies large and small, public or private are the subject of Business Valuation procedures. Despite major advancements in valuation literature and developed educational pathways which enable practitioners to 'upskill', I am still amazed by the number of mistakes made when undertaking engagements of this nature. The following are three of my favourite tips for avoiding these errors when valuing your business: 1) Future Maintainable Earnings ("FME") and the 'Average of 3' When applying an Income Approach and more specifically the capitalisation of FME methodology, it is common for the FME to be calculated by averaging the earnings achieved over the past three financial years. This practice is inherently flawed and at odds with the concept of FME which requires a forward...

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The Immediate Goals of Starting a New Business

Are you tired of your boss? Or are you getting ready for greener pastures? Setting up your own business can be very exciting. However, before you even take the first step, save yourself time and money by being aware of what's involved in running a business. Investing time and money into proper planning is paramount when it comes to turning your dreams into reality. The idea of operating a small business is not just about working for yourself or from home, it's also about having necessary management skills, technical skills, industry expertise, finance and, of course, a long-term vision to grow and succeed. Whether you will choose to be an entrepreneur, buy a franchise, or start an existing business, the business planning resources are the same. The only things that will be...

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The Immediate Goals of Starting a New Business

Are you tired of your boss? Or are you getting ready for greener pastures? Setting up your own business can be very exciting. However, before you even take the first step, save yourself time and money by being aware of what's involved in running a business. Investing time and money into proper planning is paramount when it comes to turning your dreams into reality. The idea of operating a small business is not just about working for yourself or from home, it's also about having necessary management skills, technical skills, industry expertise, finance and, of course, a long-term vision to grow and succeed. Whether you will choose to be an entrepreneur, buy a franchise, or start an existing business, the business planning resources are the same. The only things that will be...

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5 Ways to Position Your Small Business As Unique

In business, it's vital to present your enterprise as different from others in your industry. Your goal is to let potential customers know that you offer something your competition does not. This is your Unique Selling Point (USP), which often impels people to check out your business further. The following are 5 ways to position your business as unique to build sales and a loyal customer following: 1. Commit to product and service integrity In today's hyper-competitive business environment, the temptation is to flood the marketplace with your products and services to drive sales. The caution here is to make sure every product and service you offer is of top-notch quality. Everything you offer must satisfy what your advertising promised. Make each product and service a reliable...

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Preparing for a Visit From Commercial Painting Contractors

If you have recently hired commercial painting contractors, you might be wondering what you can do to help prepare your business and your employees for their visit. A commercial painting project can be a disruptive time, but with some preparation and planning, you can mitigate some of those disruptions and make life a bit easier on yourself, your employees and customers and your commercial painting contractors. Before the contractors get to your business to begin their work, make sure all of your paint colors are finalized. This includes any colors that will be used for trim or other parts of your building's interior and/or exterior. While you might have already discussed colors with the painting company when you initially hired them to come out and do the work, you should...

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Don't Waste Time, Start Your New Business Today!

When you are about to take the risk of starting your own business, hopefully at this time you would have already done some research. You need just enough research to know where to start because there is going to be many bumps in the road to see your exact breakthrough moment. You have to be prepared to spend a little bit of money to do what is needed to make your business look and feel professional. This isn't difficult if you are dealing with an online business, and not a store business. Store businesses are more difficult because it will be harder for any new business to interrupt the local businesses who are your competition for whatever you are offering your customers. Make sure your services or products are in demand. I pride my businesses...

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Booklet Tips - Create a Course

You enjoy teaching people new skills and new perspectives. Knowing there are endless ways to deliver your knowledge, you have been concerned about how little you provide to your audience in a tips booklet. That concern may even keep you from creating one. What if that were the starting point rather than the finish line, and what if publishing a tips booklet let you help even more people directly and indirectly? Your bite size brilliance is that starting point, for you and for your audience who is eager to learn from you. Plus the tips booklet serves as a teaching tool and a marketing tool simultaneously. The information in your booklet is new ideas, or reminders of things people already knew and forgot, or confirmation that their knowledge is accurate according to you, an expert. The...

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5 Tips for Keeping Your Small Business Viable

Small businesses have their work cut out for them in this era of economic and financial volatility. It's a daily challenge to keep their businesses competitive while building sales and generating profits. Sticking with traditional marketing models that work and operating efficiently are two ways to stay competitive. So is embracing new ways of thinking when planning marketing strategies. The key to small business success in the 21st century is to have a vision and strategy. The following are 5 tips for keeping your small business viable in today's ever-changing business environment: 1. Listen to your customers always You're in business to make money by providing for customers' needs and desires. Business 101 texts state this ad infinitum. That's because it's true and businesses...

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Who Is Responsible For The Demise Of Small Business?

The thing is more of us older and senior people still judge a store by the service they provide. If that is the case, how come we have allowed our friends and families with businesses to be taken over by large corporations? These friends, family, and neighbours were the ones who gave us service, they lived in our neighbourhoods, knew our names, and made sure we received excellent service. These real people didn't have cookie cutter scripted interaction with us, but genuinely interested in their customers. They appreciated our business enough not to annoy us at the end, you know with point cards or up-sells. When we bought something they took us to the cash, put it through themselves no waiting in lines, and sincerely thanked us for the business. Back in the day a shoes store...

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5 Things to Avoid When Choosing a Courier Service

1. But, they're the cheapest! As the old adage goes, the cheapest is the most expensive. I mean, it's old, and an adage for a reason, it's true! The cheapest companies often have a revolving door of unsatisfied contractor employees- not the guys you want to trust with your precious paperwork, critical items or anything else. More reputable services are usually priced accordingly. Some extra spending is worth its weight in gold when your critical items and reputation are on the line. 2. They answer the phone with a "yeah, hold on." This isn't your local pizza place. Being dismissed before you even get to "hello" is probably a sign of the direction of your future business relationship. Phone skills are just one aspect of customer service. But you can be sure if talking on the...

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Managing Your Small Business Budget

Smart Budgeting Tips for Savvy Small Business Owners Not surprisingly, small businesses often operate on relatively limited budgets. Regardless of the financial situation the business may be in, it is always important to conserve money whenever and wherever feasibly possible. While this may seem simple, it is often very difficult to track and manage business expenses without having a well-thought-out business budget. This is definitely true for those expenses that may be unexpected, which happens within a small business more often than not. For those small business owners who want to keep their business operating in the black, they will need to account for both expected and unexpected costs. With this in mind, it is important to create - and stick with - a well-planned business...

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How Many Patients Should You Have?

Nothing else will really make an impact on your revenue apart from having a steady and quality patient base. A practice might have the most modern dental equipment, staff, office space and adequate supplies very easily, but none of the above factors will guarantee a practice a steady flow of quality patients into your dental practice. Lack of enough quality patients is the main motivation to new and young dentists to operate from 9 to 5 and keeping their office doors open for 5 to 6 days every week. This will accumulate the overheads for 6 days whereas all the appointments can adequately fill 3 days every week. Growing dental practices mostly remain open because a new patient may call the clinic with an emergency and if the dentist is not in the ready for business and in the office...

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Small Business Owners: Improving Profits in Daily Operations

When you own a small business, there are dozens of people and projects vying for your time and attention. It can get hard to figure out where to focus your resources and easy to become overwhelmed. Furthermore, in my years of consulting what I have found to be the difference in success or failure of a business was not the amount of money, a business owner had on hand, nor the education level of the management team. It was his or her daily habits and beliefs, that determined success or the lack there of. What is profit? It is simply, how much money the business makes after transaction and paying taxes is over. Traditional thinking about profit says, Revenue - Expenses = Profit. However, this method fails to measure lost opportunity. What is lost opportunity? First, business has...

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The First Time Business Buyer - Using a Leverage Buyout Business Buyers come in all sizes and shapes. There can corporate buyers, individual buyers, partner buyers, management buyers and most commonly first time buyers. First time buyers don't usually know what kind of business they are looking for nor how to go about the process of finding, evaluating, negotiating and closing a purchase of a business. Assuming the buyer knows himself and knows what kind of career and salary he is looking for, an efficient determination of the type of business he should target can be a quick decision. But it isn't as simple as picking a storefront, a gas station or a restaurant. True entrepreneurs that can handle long days and constant micro-management may well be suited to the smallest of small businesses to buy. But a major segment of business buyers cannot see themselves running local main street businesses. I sure couldn't when I started out buying businesses. So what is it we are looking for in a business? The next level up from main street is what I call a "real" business or one with enough staff and sales to take care of itself should any one employee leave or otherwise become unavailable. In effect, can the business "run itself" without the owner being involved? If the answer is yes then it is not only a real business but it can be classified other ways, such as an investment, or absentee business, or even my favorite term, leveraged buyout or LBO. An LBO is simply a buyout that uses financing of any sort based on the strength of the balance sheet and asset base. It can include one form of financing or many, and use lenders, investors and the seller. This puts many main street and service businesses out of that category as they have no strength in their balance sheets. But if a business can be bought using an LBO structure then this by itself would qualify the business as a viable candidate for most small business buyers to consider. Indeed it may be easier for the business buyer to complete and LBO on a slightly larger company than try to scrape up money for a smaller one without the benefit of any financing. To provide some real world examples on this framework, I would establish a reasonable sales and profit range of a typical LBO candidate that would be a level up from main street but well underneath the radar of larger buyers and private equity. This range could be in the $2 Million plus in sales and $250,000 plus in profits range which is arguable the minimum size of a leveraged buyout. This lowest range includes the largest universe of businesses to buy without dipping into a business size which is too small to allow the buyer to breathe or too weak to be financed. The perfect LBO candidate will have enough assets retained in the business to approximately cover the down payment for the purchase. This is when the buyer will know the deal is the right size. At the other end of the spectrum, companies with well over $1.0 Million if profits will be typically out of reach for the first time buyer since the deal will likely require a lot of invested capital. There is, however, a sweet spot at the lower end where small buyers can do some quick math and determine that the capital needed for the deal won't break their budget. As first time buyers go through a buyout or two the deal size can easily change. They may well be able to get to the next level and be able to structure larger buyouts and raise substantial amounts of capital to complete subsequent deals. Rockwell Marsh has been a banker and private equity partner, is the CEO of The Small Business Buyer at lbo-deals.com, Managing Partner of Signal Hill Holdings, LLC and teaches how to do leveraged buyouts on small companies. He has purchased and financed numerous acquisition transactions over a 25 year period. For more information on how to buy small businesses using leveraged buyouts click here for the How To Buy A Business Free Course. Article Source: http://EzineArticles.com/9164125

Business Buyers come in all sizes and shapes. There can corporate buyers, individual buyers, partner buyers, management buyers and most commonly first time buyers. First time buyers don't usually know what kind of business they are looking for nor how to go about the process of finding, evaluating, negotiating and closing a purchase of a business. Assuming the buyer knows himself and knows what kind of career and salary he is looking for, an efficient determination of the type of business he should target can be a quick decision. But it isn't as simple as picking a storefront, a gas station or a restaurant. True entrepreneurs that can handle long days and constant micro-management may well be suited to the smallest of small businesses to buy. But a major segment of business...

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Booklet Tips - License Your Course

Once you expand your bite size brilliance into a course of some kind, not only do you have an additional way to deliver your knowledge to those who are eager to learn from you in whatever formats you deliver the course; you also have new revenue streams that others want to help you create. Your new course, whether online, by phone, in-person, scheduled live, self-guided, or on-demand can bring you new income way beyond simply offering it to those who will pay you a registration fee to take it. In fact there are people who are thrilled to find well-constructed programs that someone else labored to develop - and pay you a licensing fee to be able to deliver it themselves to audiences they attract. Licensing is "renting" your content to someone else, for them to use in specific...

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Your Network Health Assessment Checklist

Conducting a network health assessment is a must for any company that heavily relies on its information system. In this day and age, almost every business makes use of computers and other gadgets to perform a variety of functions - from recording data to analyzing inputs, to producing information in hard copy. Thus, it is likewise necessary for you to assess the health of your network through a simple checklist. This ensures that your computer systems will work smoothly and will be functional for a long time. When done regularly, the assessment will help you determine whether something must be replaced or fixed. Four factors are looked into in a network health assessment: 1) security, to ensure that the IT systems are accessed only by authorized individuals; 2) competitiveness,...

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