Post about "Business"

How to Prepare a Business for Sale

Many business owners fail to realize how much they can do to make a positive impact on the sale price of their business.Many business owners, especially those with a tight timeframe, assume there isn’t much they can do that would have a significant impact on the sale of their business, but that’s really not correct.There are long-term actions you can take but some short-term ones as well. Part of it depends not on how much time or money you have, but also on your will, your commitment to do so.Some business owners are burnt out and frustrated and want out fast. Selling your business can be done in a fast dash fashion, or it can be a longer marathon, taking two to three to four years to get ready to go.This depends on your motivations, the timeframe for selling and the receptivity of the marketplace.When you’re looking to harvest a life’s work, rushing is not advised. But the real world or your strong desire to leave may fuel a fast exit. You can, however, still take actions that will benefit you and the sales process.Now that being said, beware of shortcuts. Some advisors have recommended immediately cutting off research and development costs, for example, or laying off people in an attempt to improve cash flow as quickly as possible.But these ploys can be transparent and sophisticated buyers will see through them.Your guiding principle should be: what’s bad for business is bad for the valuation of the business and therefore the sale.When preparing your firm for sale, it’s all about return on investment. It’s like any other investment but this is the investment of a lifetime.You need to weigh it in terms of money, energy and time. Evaluate each project that you’re going to take on for the likelihood of providing a high and fast return and of positioning you to act quickly if a buyer appears immediately.Once you’ve decided to sell, create a plan to make your business more valuable, more rewarding and also less risky, to make it more attractive as the buyer will see it.This could involve one or two large projects, but it most likely will be a group or maybe portfolio, let’s say, of smaller prioritized ones. A series of sprints you can execute as the sales time horizon permits.Your goal is to situate your business to attract the largest number of potential buyers in the shortest amount of time and at the highest price.Shaping your action plan forces you to change your personal perspective a bit. By thinking about preparing your business for sale, you can also begin the tough process of separating your personal future from that of your business.Although you, like most owners, may feel your business is in your very DNA, you’ll eventually see a personal and professional future that’s separate and productive. So a byproduct of putting this whole action plan together is that you’re going to face your future.Before you even get started I recommend that you get a baseline valuation. What is your business worth right now?Even if you’re looking at selling two, three, four years out from now, determining the valuation of the business early on helps set your expectations and allows you to see what you should be working on.Taking a snapshot of your business’s worth in a moment in time is always difficult.Nonetheless, a recommended first step in preparing to sell is to get that baseline measurement by conducting a preliminary business valuation at the start of the sales process.This estimate of your firm’s value against a range of recent selling prices highlights features that make your firm more valuable to buyers. What is it about your business that the market will reward? It helps you to determine what to focus on to improve its selling price.This baseline valuation helps you to understand what range of prices you can realistically expect.If a competitor has recently been purchased by a strategic buyer for a higher price, that precedent may inflate your expectations, you may not get that price.Or the flip side would be getting pleasantly surprised at a higher than expected number.Whichever way it turns out, it’s best to have your feet grounded firmly in reality and to begin to form a plan to improve the business value.

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.