Small Business Articles For Entrepreneurs & Small Business OwnersDo Your Own Business Valuation – Part 9: ConclusionThere are 3 approaches to valuing a business – market, income and asset. A thorough business valuation requires that you consider methods from all approaches. Each valuation method looks at a company from a different perspective, and sometimes the results vary widely. How do you choose the best method? Selecting Methods The asset-based method described […] Creating Success Through Emotional MarketingIf you’re spending the bulk of your time focusing on how and where to market, you could be missing the boat when it comes to building a successful business. You can have a dynamite advertising campaign, the best public relations campaign, or the most far reaching social media campaign, but if you haven’t created a compelling […] Do Your Own Business Valuation – Part 8: Asset-Based MethodsThere are 3 approaches to valuing a company – market, income and asset. This article covers the asset-based approach. The asset-based approach breaks a company down in to its pieces and attempts to value each individual asset separately. For most physical and financial assets this is a fairly straight forward process. Third-party sources of market […] Do Your Own Business Valuation – Part 7: Income-Based Valuation MethodsThere are 3 approaches to valuing a business – market, income and asset. This article covers the income approach. Types of Earnings There are many types of earnings used in business valuation methods. Here are the most common ones with brief explanations. It is extremely important to use the correct type of earnings for the […] Unemployed? How To Apply For Unemployment BenefitsThe loss of a job can hurt, especially if you have invested a lot of time into a particular career or a company. However, it is never the end of the world. Many unemployed people find a new passion or decide to shift to a completely different career path, reaping much more satisfaction in return. […] Top 10 Marketing Success Secrets for BusinessesIf you want to market successfully, you need to communicate successfully. The biggest communication mistake businesspeople make is telling their prospects any and everything about their business or company. The same holds true when communicating with the media. When you’re being interviewed, producers and writers don’t have time for your life history, they want a […] SBA Loan Limits On Business Buyouts – Good For Small Business?In March this year, the Small Business Administration (SBA) placed a limit on the guarantees it was extending on “goodwill” financing, capping them at $250,000, or 50% of the total SBA loan amount, whichever figure was lower. “Goodwill” financing is a part of a SBA business loan that is used to acquire the intangible assets […] Job Searching? How To Find Your Dream JobA job is not just a collection of tasks that you have to complete in order to receive a salary. Self-actualization is also very important. The same applies to the job search as well – you are probably not only looking for any job that pays, you also want to find a job that suits […] Why Nice People Should Use Fear To Market Their WorkThere’s no mystery about why marketers appeal to fear. Fear mongering works. Before Madison Avenue taught us to fear it, body odor was just a fact of life. Same with gray hair, weeds in the lawn, and dingy whites. Advertising has transformed what were at most minor disappointments or inconveniences into occasions of fear and […] Do Your Own Business Valuation – Part 6: Market-Based Valuation MethodsThere are 3 approaches to valuing a business – market, income and asset. This article covers the market approach. Preferred Approach A market-based valuation is preferred by most appraisers and users because it relates directly to the actual sale of a similar property. There is no better evidence of value than an actual transaction, but […] Pricing a Business – How to Determine a Business’s Selling PriceBoth selling and purchasing a business can be a very rewarding decision, when done properly. There are many different approaches to such tasks – however, their common issue is the difficulty with determining the right business selling price. Pricing a business is both a science and an art – and it takes skill and experience […] Payroll Software Review: Top 10 Business Payroll SoftwareIn the digital era, managing your payroll manually is unnecessary and inefficient. Various payroll software solutions are widely available to help business owners with this task. These tools are usually highly specialized, do not include unnecessary features, and often come at a relatively low price. To assist you with your payroll, we have selected the […] How to Buy a Business for Maximum ProfitOwning and running a business is probably one of the most rewarding and at the same time challenging endeavours that an aspiring individual may engage in. To buy a business successfully, a prospective buyer needs to evaluate many factors – and here we will outline what you need to know about how to buy a […] Creating The Success MindsetThe downturn in the economy has led many to a mindset of fear and scarcity. It is difficult for entrepreneurs and professionals to succeed if they cannot picture or perceive that success. As top level athletes will confirm, along with all of their preparation and training, they visualize their successes prior to competing. Dr. Jim Gottfurcht, PhD, one […] Do Your Own Business Valuation – Part 5: Adjusting Net IncomeThe earning capacity of a company is the primary driver of its value. Cash flow is the preferred measure of earning capacity for valuation purposes because it represents a purer form of earnings. Calculating cash flow begins with the net income or loss of a company then adjusting it for a number of items to […] The Evolution Of Your BusinessYour business has evolved, and it will continue to evolve, as long as you let it. It is part of the evolution of who you are and what you are becoming. It is part of the evolution of your skills, knowledge, experience, beliefs, purpose, and dreams. You have probably already evolved from a participant in […] What’s Hot and What’s Not: A Six Step Process to Identify Promotional Opportunities to Target Your MarketAccording to the experts, new technology appears online approximately every two and a half seconds – and theoretically, every new application has the potential to transform your business. How do you know what’s worth your time and what’s a total time-waster? That’s a serious question, when you only have 24 hours in a day and […] Do Your Own Business Valuation – Part 3: Quantifying Business ReturnsThe basic concept of business value is that the future benefits (returns) of owning a company must be adjusted (discounted) for the risks associated with owning the company. The sales or earnings of a company are typically used to represent the benefits (returns). Multiples and rates are used to represent the risks. The basic formula […] Do Your Own Business Valuation – Part 2: Defining the ValuationA valuation is based on a hypothetical sale of the company, so two critical issues need to be well defined from the beginning – 1) exactly what is being sold (valued), and 2) who is the most likely buyer. What is Being Valued? Businesses are generally sold in two types of transactions – asset or […] Do Your Own Business Valuation – Part 1: Introduction to Business ValuationAs a business owner, you know more about your business than any one, but there is one thing you are not too sure about – how much it is worth. This is the first in a series of articles designed to help you learn about business valuation and, if you choose, do your own business […] |
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