Post about "Business"

Top 7 Tips to Preparing Your Business For Sale

Meet with your business broker to ascertain the current value of your business and get tips on whether you need to make any changes to the to achieve the maximum price possible. Once presented with your appraisal ask as many questions as you need to as it is vital that you understand the process and the justification behind your business appraisal and what the process entails from start to finish. Understanding how your business is valued will help you to make the necessary changes to enable successful sale.
Ensure you have clean, precise and accurate financials. Ideally a good strong healthy operating profit is great to see; the fewer add backs that we have, the better and cleaner the business will look. When preparing your business for sale, ensure that you have your figures prepared by your accountant prior to meeting with your business broker as these will also be the final figures used in the information memorandum which will be presented to potential purchasers once on the market.
Have your systems and procedures well documented. A purchaser wants to have as much security as possible. In most cases they want to be assured that the business can operate without them being there so if all your systems and procedures are clearly and precisely documented it means that they can be easily passed on to either new or existing employees and also help in the training process. This can also reduce the time that you may be required for the handover once the business has settled.
Ensure that the business premises are clean and tidy; get rid of any old stock and sell any redundant plant & equipment so that the purchaser can see exactly what they are getting. Cluttered premises will make the business look untidy and it may also appear to have reached its capacity with no room left for growth and this may not be the case once all in order. Ensure that if applicable, all safety guidelines are also being met.
Talk to your accountant in relation to the tax implications of selling your business. Ensure that you know the market value of your plant and equipment as this will be documented in the information memorandum. It must be a fair market value as to have it too high could be detrimental to the vendor for capital gains issues and too low gives the purchaser less to depreciate so carries less tax benefits for them. Remember that when a business is sold as “A Going Concern” all the plant and equipment used in the business must be included in the sale.
If possible, keep your stock level at a consistent level that keeps the business running smoothly. An overstocked business puts pressure on cash flow and working capital and it is also a negative when you try to sell. It is important to remember that although you as a current owner may not have any cash flow issues, an incoming purchaser may not have the same access to funds as you so will need to keep costs to a reasonable level for the sake of their cash flow.
Ensure that your customer database is as broad as possible. The more reliable you are on one customer, the lower the value of your business as the risk attached is much higher. Document any supply agreements that you may have. We need to instil confidence into a buyer so the quality and accuracy of the documentation is imperative. It must be precise and the more written and less verbal agreements we have the more security the purchaser will have.

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.