While increasing amounts of work are being done on computers and via email, the idea of the ‘paperless office’ has still not come to pass. All businesses need a printer as an essential part of their IT infrastructure, but a surprising number of businesses have not yet realised the benefits that leasing a printer can bring. Indeed, many small and medium enterprises are not even aware that leasing a printer is an option. So, what are the benefits of leasing a printer for businesses?
1) Reduced Capital Expenditure
The purchase of a new printer outright requires the spending of a significant sum of money – money that has to come from somewhere. It is either liquid cash that is no longer available for running costs or other purchases or requires a line of credit that could better be used for other requirements. Both of these options could be better used in other aspects of the business.
2) Enhanced Budget
A leasing option is in essence a one stop shop for a business’s printing needs. The business simply pays an agreed monthly fee for its printing infrastructure needs, allowing the cost to be spread out across the budget, with maintenance and replacement fees included in the price. This has important connotations for the next benefit.
3) No Surprise Expenditure
When a business owns its own printer it is responsible for repairing or replacing the printer should it wear out or malfunction. With a leasing option, these costs are covered in the price of the lease. A leasing option avoids a budget crunch when a printer needs to be replaced and removes the need to keep money in an emergency fund for printer expenses.
4) No Maintenance Worries
Money is not the only consideration – the time of a business and its employees is also valuable. Rather than having to organise printer replacement, maintenance or repairs themselves, a business with a leased printer can leave these activities to the leasing company, freeing up employee time for the core aspects of the business.
5) Avoidance of Obsolescence
Capital expenditure on a printer is basically a money-sink. IT infrastructure is constantly developing and hence a printer depreciates at a rapid pace. These factors reduce the benefit of having such an ‘asset’ on the company’s balance sheet.
6) Easy Upgrading
Should a business’s printing requirements change then those that own their own printers will need to write off their old hardware and make a new purchase. With a leasing option the business avoids such costly capital expenditure as they can simply renegotiate their lease with the supplying company. This is equally valuable in the case where printing requirements decrease, allowing the business to decrease the cost of their monthly lease without needing to purchase a whole new printer. This benefit is particularly advantageous to new or rapidly-growing businesses who may have quickly-changing requirements.
7) Removal of Disposal Worries
The responsibilities and worries associated with your IT infrastructure do not end when the printer has reached the end of its life. As with all IT hardware, the disposal of printers is covered by a plethora of rules and regulations. With a leasing option, this responsibility and its associated costs is removed from the business.
8) Increased Flexibility
With so many rapid and game-changing developments in printing technology and business practices occurring on a daily basis businesses need to be able to be flexible in their IT infrastructure. A printer lease increases this flexibility by requiring only a change in the lease rather than the purchase of new hardware by the company.
STARTING A PROFITABLE ADULT ONLINE INTERNET BUSINESS
I thought to write this because of the hundreds of calls I receive every week regarding horror stories of prospective webmasters spending thousands of dollars to Start A Profitable Adult Online Internet Website Business. The reason their calling me is for me to somehow perform a miracle making them money after they spent thousands of dollars on an Adult Turnkey Website Business that will never make money. Basically they fell victim to ridiculous financial promises that were very unrealistic and could never occur in a million years. This is the typical garbage that some Adult Internet Website Businesses spit out to make it sound as if it is so easy to make a million dollars overnight in this industry. The good news is there is good money to be made in this very profitable Adult Online Business but you need to partner with the correct people that are knowledgeable and resourceful otherwise you could be out of business shortly.
Adult Internet Website Business Online Turnkey Opportunity – 10 Steps To Profitability
I know this from firsthand experience. I am not some writer who is writing about Adult Online Business Opportunities; I am an Adult Internet Business owner writing about the best way to Start a Profitable Adult Internet Business by owning your own Online Website Business.
1.Niche Market Business Opportunity Dont target the typical blonde haired blue eyed girls no mega sites that have 10 different types of content or Adult Online Design Companies that claim that their websites have just shemales when they actually have all types of content in the members section. People are passionate about their own niche market they enjoy. They get pissed when they see other types of content in the members section of the so called niche specific Adult Online Turnkey Business.
2.Keep the Adult Internet Website simplified Easy navigation. Dont have clutter on your adult Internet website or too much happening or moving at once on the website for it turns prospective Adult Online Businessclients off. Adult Turnkey Websites such as this are horrible to the eye and turn people off. There are many studies that show this and they all can’t be lying.
3.Your Adult Online Website Business must have High Definition content or as close to HD as possible. HD = more sign ups. You must also have at least 5 teaser high definition quality video clips to increase conversion to full sign ups. Without content close to High Definition, you are killing off your Opportunity for your Online Business to convert into more cash.
4.You must use Affiliate Website Programs that bring in extra revenue for your Adult Online Website. Make them as niche specific as possible. We like to use scam free affiliate online programs such as cams, personals, toys, video on demand. There are too many to mention but I think you get the point. Again our goal is to make these affiliate website internet programs as niche specific as possible to match the niche theme of the entire Adult Online Turnkey Business.
5.Marketing Do your homework and research, research and research. Dont depend on a marketing company to do all this work for you. The Adult Website is yours not theirs so please get educated in the field. You need to take responsibility for the marketing of your own website. Dont ever think that the marketing company that you hire is going to be able to perform all the marketing on its own. If you owned any other business; I am sure you would get very involved in it. If you want to make money with your Adult Web Site Business you need to treat this as any other type of business. There is a great opportunity to make a good profit from your Adult Online Internet Business with smart Adult Online Marketing.
6.Low Cost Low Risk Online Business Opportunity Adult Internet Turn Key Businesses should not cost what most adult design companies charge. Most of you are new to the business so why jump into some foreign business, spending all your money upfront? Owning your own adult web site business is not gambling; it is long-term business. You have to keep your start up costs low or you will fail miserably. Watch out for hidden costs, such as hosting that adds up quickly. One thing people dont consider is how easy it is for a Website Design Company to increase your hosting fee after only owning your Adult Online Business only a short period of time. Some charge $50 – $100 a month per site for hosting when you purchase your website and then about 3 or 4 months later tell you that you are using too much bandwidth and double your hosting fee. These Adult Hosting Companies are killing off your Terrific Profitable Adult Business Opportunity. The first year in business has to come with FREE hosting or I would stay away from the Internet design company. Keep your money for smart marketing. This is an efficient way to use your money. Do your homework on this long-term Adult Internet Business Opportunity so you dont waste your hard earned marketing money.
7.Watch Out For Sharks If you take the bait they will pounce on you with horrible Adult Internet Website Design and extremely high prices. When online adult design companies make claims such as As Seen On TV or as being a member of the chamber of commerce you need to run like hell. This is the adult website internet business and you don’t get on television for owning one. Also, All you have to do to be listed with the Chamber of Commerce is to have a business and pay the dues. Also, don’t buy into these crazy Testimonials about how the guy has saved their marriage and family. WOW! Watch Profit Charts. $5,000 profit in your 4th month in the adult online web site business from 1 site? So if I purchase 100 sites from the online web design companies that claim this I will be making $500,000.00 in my 4th month in business? At this rate I would make more than 5 Million dollars in my 1st year in business! PEOPLE ACTUALLY FALL FOR THESE PROMISES. DONT BE A VICTIM! GET EDUCATED! GET EMPOWERED! Take full advantage of this Adult Online Internet Business Opportunity and play it smart. Check out the watchdog agencies for the industry such as scam.com, ripoffreport.com. Also go to google and type in the owner of the businesses name, the business name. Also type in the owners name with scam or ripoff after the name. For Example: Jones scam or Teletar SCAM. These are just phrases that come to mind at the moment not actual companies. It is your hard earned money. Dont waste it.
8.Partner with online Internet content companies. Dont buy an Adult Online Website Business that comes with content that you supposedly own. You are getting shitty content. You want good High Definition quality content by partnering with content companies. I can send you a list of them if you desire. Just hit me up on email. The majority of our competition uses live feeds as content. This is megasite content which is not what the average person is looking for. Point is if you don’t partner with the content companies you will have to become one to compete and that is very expensive. If you don’t partner with the online content companies you are missing a terrific Adult Online Business Opportunity that will produce Long-Term Profit for you.
9.Updates of Content Partnering with internet content companies will assure you that your content will be updated often. With our Adult Online Website Design Business this is what we do. We and the content companies have a vested interest in you making money. We make more money when we assist you in making more. If content companies and design companies do not have a vested interest in you making money why would they update the content for you?? The answer is simple for they wouldnt and so they dont. Do you know how expensive updating content is? If I was not making money by updating your content why would I waste my time doing it? I wouldnt. If you purchase an Adult Online Website Business with content the Adult Design Company manages you will not get your content updated for you. The content will be old and will only get older because the design company has no interest in updating it. When you partner with content companies the content company only makes money by updating your content. This partnering with content companies is our website design business model and as far as we know it is the only model that works. We would not steer you in the wrong direction. Partnering with these content companies produces Profitable Adult Online Business Opportunities that you need to take advantage of.
10. Dont bet the farm on one Turnkey Adult Internet Business. This is an investment in your future; not a job. You are investing your hard earned money. If you were to invest in the stock market it is better to invest in mutual funds than it is to invest in one stock and bet the farm on it. That stock comes with tremendous risk whereas the mutual fund tremendously reduces that risk and provides you a wonderful opportunity to reach profitability as quickly as possible. The point here is dont invest your hard earned money in one revenue stream when you have an Adult Online Business Opportunity to invest it in possibly 10. We do just that for all clients and the others should also otherwise they are just setting you up to fail miserably.
Everyone has seen the alarming pictures of landfills full of waste that will likely never degrade into organic materials. Plastic, aluminum, and heavy metals are all being used in record amounts. These take thousands of years to break down into components that take less space and aren’t harmful for plants and animals in the immediate vicinity. Largely after the 1980s, people began to become more aware of the potential damages using these types of materials en mass could cause. The 3 Rs–reduce, reuse, and recycle–can help the planet develop less of a waste problem. Businesses, more than individual households, use lots of plastics and metals in their day-to-day operation. If you own a business or are in upper management, making some small changes and encouraging employees to do the same can have a profound impact on the world and future. This article will tell you how you can reduce container waste and how refilling plastic components of appliances with ink and toners can prevent the destruction of the environment.
Reducing the Use of Plastic Utensils and Paper Plates
Businesses often provide paper plates and cups, as well as plastic forks and other utensils, for their employees. This service helps when an employee has an anniversary at the company or a birthday. If conferences and trainings within the business frequently feature catered meals or snacks, having these on hand might be essential for the correct functioning of day-to-day activities essential for the company to run smoothly. However, these can pile up in landfills and might not be recycled correctly if employees are left to their own devices. There are a couple of ways to reduce the use of these and encourage recycling in the workplace.
First, if employees are given spaces to store their mugs, they won’t use disposable cups every day for their coffee. If you think about the number of employees across the world that depend on coffee to get up and function, the thought of the coffee cups is overwhelming. Washing out ceramic mugs will save all this waste. Putting paper and plastic recycling bins in the break rooms and other areas where food is often consumed will greatly increase the number of employees that recycle any disposable utensils that are used.
Paper Print Jobs
Rejected print jobs are another site of waste within companies. Often people will print more pages than they need. This paper adds up very quickly. Placing clearly marked recycling bins near any printers in the office will ensure that paper is recycled instead of being disposed of. Although paper does degrade over time, using less of paper resources will put less stress on the logging operations that clear forests.
Providing Receptacles for Batteries and Other Electronics
Many companies will recycle electronics and batteries for their employees. If your company is not one of these, you may be able to partner with another to ensure that your employees can properly dispose of any batteries needed for work or even ones that they’ve used at home. Batteries and electronics have elements that are toxic for the environment. Recycling them is essential for keeping the world unpolluted.
Toner and Ink Refills
This is a way to benefit the environment that saves businesses lots of money. Instead of buying new ink cartridges and tossing out the old, which are made out of non-biodegradable plastic, you can get them refilled. Ink and toners are essential for almost every business out there. No matter which type of printer you use, laser or another type, you will need to replace cartridges to keep it in working order. Helping the environment and choosing the cheaper option will help everyone in the long run.
Trevo Corporate History
Trevo is a Network Marketing Company that was started by Mark and Hollie Stevens who are very well experienced in the MLM Industry and their headquarters is located in Oklahoma City. But if you are in Trevo Corporate you may be asking yourself if its an excellent way to make money or not?
The Trevo Corporate Product
Well first of all the companys main objective is to be able to revive the body into good health by offering a nutritional product or beverage that contains tons of nutritional supplements such as camu camu berry, acai berry, mangosteen, maqui berries, goji berries I mean I could go on and on.
These products are also good for losing weight, having more energy, reversing the aging process while building up your immune system. This nutritional drink is about 32 oz in size and you only take need 1 to 2 ounces daily. Another good thing about it is even safe for kids to take it.
Trevo Corporate Compensation Plan
Lets talk about the compensation plan for a minute. It seems to be pretty interesting because you can earn income from others who join the business opportunity.
Trevo has 8 different ways you earn money with them:
1. Retail Sales- You can purchase products at wholesale price and resale them at retail price. They also have a Preferred Customers Program that you can enroll in and earn bonuses from it.
2. Power Start Business System Every time you personal enroll a Life and Health Coach with the purchase of one of their Power Start Business Systems, you get paid based on your qualification and the system your enrollee purchased.
You also gain access to Trevos back office system along with a lead capture system, email campaign and a personal website. Depending on your qualifying level and the system of enrollee purchases the commission is 40%.
3. Matching Bonus- As your team duplicates the matching bonus is 20%.
4. Group Volume Commissions- Depending on your qualifying points earn Group Volume commissions $10 for the first and second generations of your group. $5 for third through eigth.
5. Bulk Pack Commission- First through fourth generation receives commission up to $183.
6. Pool Bonus- Up to 15% paid out to of companys group volume.
7. Leadership Bonues and Incentives- Earn up to $1,500 monthly for a luxury vehicle as well as trips.
8. Charity Bonus- Charity donations
I personally am not in the Trevo Corporate Business Opportunity but it seems like they are a really good company to work for. I am going to share some secrets with you just in case you are one of the many trying to figure out how to seriously grow your business.
Most MLM Companies focus on sponsoring and recruiting a ton of reps. Their aim is on telling people to be duplicatable by getting out here and recruiting family members and friends while standing around talking to people.
The problem is most of the time family and friends are the ones that arent really interested in your business anyway.
Which is the main reason why 97% of distributors are falling in this industry.
Secret To Trevo Corporate Sucess
If you are an independent distributor for this company then the secret to being successful is learning how to market and generate leads for your business. Personally this company wont teach you how to do this because marketing isnt duplicatable. Especially when the companys main goal is on recruiting tons of people as fast as they can.
One of the main reasons you need to learn how to market is because you may have a hard time trying to persuade people into buying your products if you are unaware of what you are doing.
You have a dream of starting and managing your own catering company. You have the drive and a flair for cooking delicious food that is to die for! Now you are doing research about how to run a catering business and you are thinking about if you really have what it takes to manage your own catering business.
As a small business owner, you will have more responsibility and work longer hours than you did as an employee. It’s almost impossible to truly separate your personal life from you business life. Running a small business is a lot of hard work and far more than just a full time job — it’s a lifestyle.
One part of your job will be getting clients and then the second aspect is preparing for and managing the catering job itself. Once the job is booked, there are a lot of details and organizational skills required in order to complete any catered event.
First you will need to get the event basics from your client: What type of event is it? How many people are expected? How formal or casual is the meal? Does the client have a theme in mind and know exactly what type of food they would like to have served? If not, you will be expected provide appropriate menu suggestions based on the event and the client’s budget.
For larger or more formal events, clients usually request a “tasting” to sample the items from the proposed menu. The client is expecting to not only sample the food, but to see the caterer’s presentation skills.
If you and your client are in agreement about the menu, this will be a wonderful experience for both of you. However, some times the food or menu does not match the client’s expectations or perhaps the client has simply changed their mind. Either way, having a few alternative suggestions is always a great idea, plus your client will feel secure in both your abilities as a caterer and the success of her event.
The number of people attending and the formality of an event will help you determine the amount of catering staff will be required for the event. Many catering companies use freelance staff, so it is a good idea to have a list of recommended people you are comfortable working with that you also know are professional and reliable.
For many people, when they think about how to run a catering business, they focus on the food preparation and cooking responsibilities. In fact, many people start catering businesses simply because they love to cook and do not mind doing all the cooking themselves.
As your business grows and you book larger events or multiple events in a short period of time, it is definitely much better to hire additional cooks and also servers who you have trained to make sure the level of serve offered meets your standards.
In addition to meeting with clients, food preparation and staffing, there are a few other details ever caterer must take into consideration. For example, how will you transport the food and equipment to event? Is you current vehicle large enough to handle the job or will you need to consider alternatives?
Prior to the event, you will need to order the ingredients, cooking and serving utensils. The amount of time required to shop for and prepare the food needs to be taken into consideration and you will need to create a schedule to properly manage all of these details. Most caterers are also responsible for at least minimal cleaning after an event, so keep this in mind when deciding upon your staffing requirements.
Now you have a better idea about how to run a catering business. Running a catering business is not difficult, but it does excellent organizational skills and a realistic time line for each event. Creating and managing your own catering business will give you amply opportunity to be both creative and a strong entrepreneurial manager.
What are the top three things you should concern yourself about when starting an Internet home based business? Here are some tips to make it in the online business environment.
Setting up an Internet home based business is like starting an actual business. Some people may think that since a business is operated online and from home, it is a smaller-scale venture compared to real businesses. This, however, is a misconception. Some Internet home based business are even bigger and are experiencing more growth than real ones. Starting and operating an online business venture may be a bit challenging when you are new to the field and is used to the conventional business and marketing world. However, there are also many resources on the Internet that you can get your hands on in the actual setting. The difference lies on how you take advantage of these unique Internet resources and make them work for you. Here are some tips on how you can successfully set up your Internet home based business.
PLAN AND SET GOALS
As in any business venture, the key to a successful Internet home based business is to plan. Set goals; determine what you want your business to achieve, and prepare concrete action plans on how you will achieve your business goals. Plan what you are going to need, in terms of investment and tools. In terms of investment, you might need to upgrade your computer for a better one, or you might need to purchase another computer to sustain your business operations. The investment requirements will differ based on the nature of your Internet home based business. In terms of tools, since there are a lot of resources available to you on the Internet, plan which resources can help your business. Do you need to set up a blog site, or join forums to advertise your site? If so, in what way should you advertise? These are just some of the things you should already lay out in detail before you even get started.
PUT YOURSELF OUT THERE
Once your Internet home based business is under way, the next thing you need to do is to advertise! There are plenty of ways to advertise on the Internet. You can set up a blog and write articles about your products. You can join forums and post website ads in various sites that your target customers often visit. You can exchange links with other sites to drive traffic to yours. You can post pictures and videos of your products on your site, your blog, and in forums. Also, master the art of search engine optimization to lure people to your website, and thus, to your product. The more visitors you get, the more potential customers you have!
BUILD A CUSTOMER BASE
Just as any actual business will not succeed without a loyal customer base, you also have to build a customer base for your Internet home based business. It is important to build a relationship with those who transact business from you. Chances are that they can even bring in more customers because of their contacts. Social networking is yet another concept that is very popular on the Web, and it will pay to take advantage of the social networking sites and communities online. There are a lot of social networking sites on the Web, such as Facebook and Myspace, which can help increase your customer base. When you have a loyal customer base, coupled with a social network that continues to bring in more and more customers, your Internet home based business will be unstoppable!
The arena where your Internet home based business will perform in may be different from the conventional marketing world, but the same rules applies. No business will be successful without careful planning, focused goals, a loyal customer base, and a source of customers. Don’t make the mistake of thinking that once you put your business on the Internet, it will grow on its own. The Internet is as wide as the world we live in, and your Internet home based business will only be successful if you’re ready for a challenge
Forecasting upcoming sales in your Spa business is a critical constituent of starting up and running a business; it is a fundamental constituent of your Spa business plan. It’s doubtful that your Spa business will be dead on but you ought to be able to make credible, evidence-based projections in order to plan your Spa business strategy.
The quantity of money your Spa business will achieve each year depends on how many sales of its products or services – but before you start off the process of actually making these sales you should create a sales forecast. The sales forecast for your Spa business will stand on its own virtues – it will of course be a part of your overall Spa business plan.
So why do you need to forecast sales?
A sales forecast is necessary in order to
1. Plan cash flow – that you will need to add into your business plan when seeking funding, and to avoid sudden cash flow problems by establishing if and when you will need to inject capital or have access to funds.
2. Manage Cash flow – innermost to the success of your business, it is essential that you appreciate how sales forecasting contributes to the computation of the cash flow forecast.
3. Plan future resource requirements – for example, you may want a new mechanism which produces more goods.
4. Plan marketing activities – this will obviously have a knock on effect to the quantity of sales you make as well.
Whatever the situation, it is crucial that you research your projected sales regularly and realistically, and take appropriate action to have another look at your strategy. Your sales forecast is the point of reference alongside which you should constantly gauge what in fact happens in your business with regards to sales and the important thing is to appreciate the variances and why they arise, and to incorporate what you have learned into coming forecasts.
What components do you need to think about?
Your sales forecast should show sales by month for at least the next 12 months, and then by year for the following two years. Three years, in total, is generally enough for most business plans.
Things to think about
1. Is there an customary market for your product or service?
2. How extensive is the sector?
3. Is this an escalating/contracting market and if so; by what %?
4. What are the most important considerations for this market?
5. What may possibly affect it in future?
6. How do recurring factors affect purchases of your product or service?
7. What trends or fashions are related to the sector?
Who are your customers going to be?
1. What % will purchase?
2. Why will they finish trading from someone else to buy from you?
3. What is your pricing plan and how will it influence sales?
4. Can you in fact make available the products and services that you are predicting?
5. How many competitors do you have?
6. Your business will not be distinctive; what happens when new competitors come into the market once you have done the footing to raise market awareness?
The whole planet is your marketplace with the invention of the world wide web – but what products/services can you persuade somebody to buy Virtually every business has some competitor(s) – how can you hoover up your competitors customers? How can you avert your competitors taking your customers? Can you adjust your product prices up or down to match new customers – can you easily add or adjust the services you offer to new and existing customers to boost your turnover and profits?
Preparing your Spa business forecast
You need to make certain future assumptions for your Spa business in order to create a sales forecast
1. Sector increase/decline by a certain percentage e.g. 5%.
2. Personnel increase to increase production or sales – maybe 25%.
3. Different location – more customers – 30% increase in sales.
Preparing your forecast
You should prepare a sales forecast for each item you sell,and forecast:
1. By volume
2. By value
3. By a combination of both value and volume.
So what are the pitfalls when forecasting sales?
1. Make sure your forecast is based on verifiable,realistic and unbiased info.
2. Don’t be tempted to overlook your study if it showed bad results.
3. Don’t make projections solely on historical results. Put your business under a microscope – try and imagine what might have an effect on your sales in the future – good or bad.
4. Make sure you understand your capacity limits. Can you produce the amount of sales being forecast with the equipment,personnel and monetary resources available to you?
5. Does the pricing policy you have used in working out your sales forecast relate to what is really achievable?, or conversely, have the prices been set too low or too high so that either way your forecast is potentially unrealistic?
6. If you have just started up in business, your business may take longer than you believe to get established, and have you set accordingly realistic sales targets?
7. Have you allowed for the possibility that high sales based on an initial promotional surge may drop off, leading to a need for more intensive marketing and higher ongoing expenses once preliminary interest has peaked?
8. When you make clear your sales forecasts to prospective investors – are they believable?
If you’re a family business owner, chances are you’re thinking about what you’ll do when your working days are over. As William Rothwell, a professor at Penn State University, noted in the foreword to Exit Right: A Guided Tour of Succession Planning for Families in Business Together “More than 40% of the people who run the closely held operations that comprise 80% of the North American economy will retire by 2007.”
Even if you currently view the idea as unlikely, you are wise to consider the possibility of selling your material handling company. The decision to sell is all too often a reactive one rather than a proactive one — the primary reasons are a serious health issue, owner burnout, the death of a principal, general industry decline or the loss of a major customer. Advance planning can ensure that you exit your business from a position of strength, not from weakness due to necessity.
1. The biggest mistake business owners make is waiting too long to sell. Have you ever heard, “I sold my business to early?” Compare that with the number of times you’ve heard somebody say, “I should have sold my business two years ago.” Unfortunately, waiting too long is probably the single biggest factor in reducing the proceeds from the sale of a privately held business. The erosion in business value typically is most pronounced in that last year before exiting.
The decision to sell is often times a reactive decision rather than a proactive decision. An individual who spends 20 years running their business and controlling their outcomes often behaves differently in the exit from his business. The primary reasons for selling are events such as a serious health issue, owner burnout, the death of a principal, general industry decline, or the loss of a major customer.
Exit your business from a position of strength, not from the necessity of weakness. Don’t let that next big deal delay your sale. You can reward yourself for that transaction you project to close with an intelligently written sale agreement containing contingent payments in the future if that event occurs.
2. Figure out what you will do with your time after you are no longer working sixty hours per week. We all create business plans both formally and informally. We all plan for vacations. We plan our parties. We need to plan for the most important financial event of our lives, the sale of our business.
Typically a privately held business represents greater than 80% of the owner’s net worth. Start out with your plans of how you want to enjoy the rewards of your labor. Where do you want to travel? What hobbies have you been meaning to start? What volunteer work have you meant to do? Where do you want to live? What job would you do if money were not in issue? You need to mentally establish an identity for yourself outside of your business.
3. Get your business ready to sell. Now that you are all excited about the fun things you’ll do once you exit your business, it’s now time to focus on the things that you can do to maximize the value of your business upon sale. This topic is enough content for an entire article, however, we will briefly touch upon a couple of important points.
First, engage a professional CPA firm to do your books. Buyers fear risk. Audited or reviewed financial statements from a reputable accounting firm reduced the perception of risk. Do not expect the buyer to give you credit for something that does not appear in your books. If you find that a large percentage of your business comes from a very few customers, embark on a program immediately to reduced customer concentration. Buyers fear that when the owner exits the major customers are at risk of leaving as well.
Start to delegate management activities immediately and identify successors internally. If you have no one that fits that description and you have enough time, seek out, hire and train that individual that would stay on for the transition and beyond. Buyers want to keep key people that can continue the momentum of the business.
Analyze and identify the growth opportunities that are available to your business. Get rid of that outdated inventory. The buyer will not pay you for it anyway and it just clutters up the place.
4. When you are wearing all the hats already, trying to sell your company yourself can hurt your business. A major mistake business owners make in exiting their business is to focus their time and attention on selling the business as opposed to running the business. This occurs in large publicly traded companies with deep management teams as well as in private companies where management is largely in the hands of a single individual.
Many large companies that are in the throws of being acquired are guilty of losing focus on the day-to-day operations. In case after case these businesses suffer a significant competitive downturn. If the acquisition does not materialize, their business has suffered significant erosion in value.
For a privately held business the impact is even more acute. There simply is not enough time for the owner to wear the many hats of operating his business while embarking on a full-time job of selling his business. The owner wants the impending sale to be totally confidential until the very last minute.
If the owner attempts to sell the business himself, by default he has identified that his business is for sale. Competitors would love to have this information. Bankers get nervous. Employees get nervous. Customers get nervous. Suppliers get nervous. The owner has inadvertently created risk, a potential drop in business and a corresponding drop in the sale price of his business.
5. To maximize your selling price, you must get multiple buyers interested in buying your material handling business. The “typical” business sale transaction for a privately held business begins with either an unsolicited approach by a competitor or with a decision on the part of the owner to exit. If a competitor initiates the process, he typically isn’t interested in over paying for your business. In fact, just the opposite is true. He is trying to buy your business at a discount.
Outside of yourself there is no one in a better position to understand the value of your business more than a major competitor. He will try to keep the sales process limited to a negotiation of one. In our mergers and acquisitions practice the owner often approaches us after an unsolicited offer. What we have found is generally that unsolicited buyer is not the ultimate purchaser, or if he is, the final purchase price is, on average 20% higher than the original offer.
If the owner decides to exit and initiates the process, it usually begins with a communication with a trusted advisor – accountant, lawyer, banker, or financial advisor. Let’s say that the owner is considering selling his business and he tells his banker. The well- meaning banker says, “One of my other customers is also in your industry. Why don’t I provide you an introduction?” If the introduction results in a negotiation of one, it is unlikely that you will get the highest and best the market has to offer.
You may have spent your life’s work building your material handling business to provide you the income, wealth creation, and legacy that you had planned and hoped for. You prepared and were competitive and tireless in your approach. You have one final act in your business. Make that your final business success. Exit on purpose and do it from a position of strength and receive the highest and best deal the market has to offer.
Business owners are faced with more than just the direct challenges that are a result of operating their businesses. Not only do business owners have to perform the duties of their specific business; but they also have the responsibility of managing any staff, and keeping track of finances.
Business finances can be a nightmare! Most business owners are very pressed for time, trying to get everything accomplished- and it could be their record keeping suffers as a result of the lack of time. Business credit cards can help you resolve this situation, and actually save you time and money. You might be wondering how a credit card could save you money, considering they have interest fees and finance charges and all sorts of “hidden” expenses; but with the right business credit card, your financial record keeping will not only become easier to manage, but will in fact reduce the time it takes you to pay your business expenses and saving that time will result in your ability to put your time into money-making activities.
Pay All of Your Business Expenses With a Single Credit Card
The first step to easier financial management and record keeping is to obtain a business credit card and designate it your one-and-only method for paying your operating expenses. Whenever you need to purchase business supplies, make a utility payment, order lunch for staff appreciation day you’ll whip out your new card and that’s where the charges will go.
That means you won’t pay with a personal check and have to transfer funds later to make sure you’re keeping your business and personal money separate. Using a single credit card for all your business needs means at the end of the month, you’ll receive a statement that itemizes every expense you had for the month.
Have you discovered the value in this yet? When you pay for everything on the single credit card, you’ll receive a single statement with a list of everything you’ve purchased or paid for, all in one- convenient place! You’ll easily be able to divide your expenses into categories for tax reporting purposes, and see at a glance what you’ve paid for the month versus what your business income was for the same month.
Give Key Employees a Business Credit Card
If you have office managers or other staff that have to make purchases for the business from time to time, there is a simple solution to this situation as well. Simply order additional business credit cards in the employee’s names and all of their purchases will appear with yours on the itemized statement. Many credit card companies will divide the purchases by each of the credit cards you have on the statement, so you can also easily see at a glance which cardholder made which purchases.
Easier Checkbook Balancing
Once you’ve begun making all of your business purchases and expenses using your business credit card, you’ll find that keeping your checkbook under control is a much easier task! Rather than having numerous entries throughout the month, you could very well have only the need to write out just one check each month to pay your credit card balance. It’s much easier to balance a checkbook with one or two transactions than one that has a few hundred checks and ATM card purchases going through each month!
Additional Benefits of Using Business Credit Cards
In addition to each of the benefits described above, using credit cards for business expenses makes it possible for you to earn rewards from various rewards programs offered through card issuers. You could be earning cash back or airline miles, among other benefits, that build up rapidly when you use your card to handle all expenses each month.
By choosing to become a Horny Little Devils consultant, you are joining an increasing number of women, who, like yourself, have decided to improve their quality of life and their financial situation. We offer ordinary women the opportunity to live extraordinary lifestyles by owning and managing their own party plan businesses.
NO RISK STARTUP – Start your own business from only $99 deposit on a $399 Toy Kit.
This gets you up and running with a Party Plan Kit valued at over $800. It also includes all training materials, access to our online ordering system and full company support. A Mixed Kit and Extension Kits are also available at way below cost price. All you need is a positive attitude and a desire to achieve.
GREAT HOURS – Do you need the flexibility of working your own hours and being able to work around your lifestyle?
Then being your own boss certainly helps you achieve this. You can run your own lingerie party plan business with the confidence in knowing that you are not on your own, Horny Little Devils will work with you to help your business become a success.
FANTASTIC MONEY – As a consultant, you will receive generous commission on your party sales.
We offer one of the highest paid sales commissions in the industry. You will receive 25% to 30% on everything you sell at a party. There are no limitations on how much money you can earn, as you choose the hours you work. If you want to earn big bucks and you are prepared to put in the time and effort into your new business then the sky’s the limit.
You will also have the opportunity to build your own team and greatly enhance your earning potential. Isn’t it time you were rewarded for your successes? Party plan will offer this chance!
RELIABLE SUPPORT – To be successful in your own party plan business you need the backup and support of the industry leaders.
Horny Little Devils is a company that stands behind our party plan consultants and helps you succeed! After all if you are successful then so are we. This is a wonderful opportunity for the self-motivated person!
GREAT FRIENDSHIPS – Meet new people and form new friendships with customers and colleagues.
We would like you to look at your new business venture with us as a great way to meet new people whilst increasing your self confidence through varied social situations not to mention getting paid for it at the same time!