Business Travel Tips

Even those working in small businesses are finding that they need to travel more frequently these; this is despite advances in information technology and communication. This is putting an increasing strain on business travelers who often become stressed and fatigued at the constant need to be in another part of the world. Hopefully the following business travel tips will help you make the most of your travel time, and perhaps even enjoy the trip along the way.

When baggage goes missing it is irritating to say the least but for someone on a business trip it can be a whole lot more disastrous. The answer to this is to ensure you have everything you need in your hand luggage.

This type of forward thinking means that you will not be caught out nor will you have a wasted trip. Regular travelers know that the main business travel tip when packing is to keep things simple by only including exactly what you need for the journey and that way you won’t go far wrong if luggage goes missing.

In order to accomplish this, make do with a pair of casual shoes and a pair of business shoes only, and be sure to only bring enough work clothes to last you through the trip. The remaining items to pack will be toilet essentials and any other work related documents that aren’t important.

A clever business travel tip, to reduce the size of bag you require, is too roll your clothes up instead of folding them; apart for taking up less space they are not so creased when they are unpacked. The last thing you want on a business trip is having clothes laundered because something was spilt on them, this can easily be avoided by wearing dark clothes which are able to absorb stains more easily.

If you are delayed for any reason then knowing you can freshen up prior to the meeting without the need for a shower can be a lifesaver, this is where those travel wipes come in very useful. Although most cell phones have very good standby and talk times now, you will need to make sure it and any other electronic equipment are charged up before you go on your journey.

As it is possible to carry out work while you fly, by making the best use of this time you will be able to spend some time relaxing in the evening and perhaps a little site seeing. Simply planning ahead for these eventualities mean you will be ready for your business travel journey, no matter what.

Business trips do not have to be boring and stressful if you apply the business travel tips in this article as they will allow you the opportunity to enjoy your free time even more.

My Best Business Travel Tips

Business travel has actually increased considerably in the last ten years as companies are able to sell more readily to markets all around the world; the Internet has ensured that even tiny companies can have a customer base that is truly global! It is business travelers though who are feeling the strain with increasing stress and fatigue levels. With that in mind, this business travel tips article highlights some useful information that could make your business journeys more pleasurable.

Sometimes for instance, baggage goes missing; that is an unfortunate fact of travel and whilst it is distressing enough on a family holiday, on a business trip it can be disastrous. An easy remedy to this is to pack as much as possible that you absolutely must have for you meeting, in your hand luggage.

This means that even if your main luggage is lost your trip does not have to be wasted; your meeting can still take place despite any inconvenience that has been caused. Regular travelers know that the main business travel tip when packing is to keep things simple by only including exactly what you need for the journey and that way you won’t go far wrong if luggage goes missing.

If you only take enough business clothes for the trip and then all that is left is some casual wear for the evenings, just two pairs of shoes; one casual pair, and one pair for business should be enough. The remaining items to pack will be toilet essentials and any other work related documents that aren’t important.

A clever business travel tip, to reduce the size of bag you require, is too roll your clothes up instead of folding them; apart for taking up less space they are not so creased when they are unpacked. The last thing you want on a business trip is having clothes laundered because something was spilt on them, this can easily be avoided by wearing dark clothes which are able to absorb stains more easily.

Of course if you are working to a tight schedule and the inevitable delay happens then you want to know you can attend a meeting at a moments notice and the way to freshen up is by using those hand and face wipes that come in travel packs. Cell phones and other related equipment normally have good battery life but don’t forget to take a charger if you are going to be somewhere for more than a few days.

As it is possible to carry out work while you fly, by making the best use of this time you will be able to spend some time relaxing in the evening and perhaps a little site seeing. These tips make sure that no matter what happens when you travel on business you will be able to continue with your plans and will not be left wondering what to do next.

Business trips do not have to be boring and stressful if you apply the business travel tips in this article as they will allow you the opportunity to enjoy your free time even more.

Tips for the Success Diet Program

Everyone wants to look so perfect for their appearance. Appearance is one of the most important thing that we should really consider in our life. When you have such a good appearance, you will feel so happy and confident. Many people commonly consider the look from the first impression. When we can give the best appearance, many people will give the best impression too. That’s why it is very important for us to give our best look for anyone.

Actually, there are many kinds of ways that you can do in order to give the best impression. One of the most important point is that you need to give your best appearance. The appearance here can be meant from many aspects too. One of the important aspect is the body shape. Well, you need to go on diet if you want to have the good body shape. There are many ways that you can obtain for having the good body shape. If you think that you are a little bit fat you need to go on diet.

Here are some ways that you can go. First, have the consultation for the diet program for your personal doctor. Your doctor will give you suggestion on how to have the safe diet program. Second, you need to consider for the food that you are going to consume. You need to be careful in choosing what kind of food that you are going to consume. Third, you can choose the weight loss drink to help you have the good progress for the diet program. A lot of weight loss drink that you can choose but make sure that you really be careful in deciding the best one. For your information, the weight loss drink can help you to have the best result of diet.

5 Secrets That Will Thrust Your Small Business Into the Big League

There are 28 million small businesses in the US. The sad reality is that most of them fail within the first few years of operation. The small percentage that survive stay small forever. A select few manage to grow into huge businesses. But why them and not the others? What are the factors that enable unknowns to become household brands? One thing for sure that it takes much more than hard work, luck, and timing. Read on to see if your small business has what it takes to make the leap into the big league?

Systems

Many small business owners’ lives are chaotic due to lack of systems. Systems are hard, but they enable small businesses to scale. Systems are not glorious like sales, marketing, or research and development. Some say that systems are boring, after all, it is a back office function. Systems separate struggling small businesses from those that grow by leaps and bounds. Creating systems can be a daunting task, and for many, the prospect of taking on yet another project is out of the question. For some, it is a catch-22 situation. You may say “How do I carve out extra time from my already hectic schedule.” The correct way to think of systems is that creating them is an investment in your business.

One of the greatest challenges that small business owners face is that the they are perpetual decision makers. The owner is involved in everything from sales, customer service, research and development, bookkeeping, so an and so forth. Creating systems is the first step toward a business where not every decision is dependent on the entrepreneur. Systems allow people to plug in and go. Systems include operating procedures and manuals that can bring a new team member up to speed in no time. It is what takes small out of small business.

Franchise businesses are often more successful than independently operated ones simply because they are built on systems. The franchisee may be paying a premium in upstart costs compared to an independent business, but it makes sense for many because they don’t have to worry about developing systems. Someone already went ahead and created the necessary systems for success. When you buy a franchise you are taking a system that has been proved to work. Does it mean that you have to buy a franchise to succeed? Absolutely not, but you have to think of your own independent business as a franchise. Create procedures for everything. Don’t leave anything to guesswork.

Most small businesses do without systems, but it doesn’t mean that it’s a good idea. While you might get away with it in the beginning the lack of systems will create huge bottle necks down the road. The lack of systems will reduce your profits. Why? Because you and your employees will have to reinvent the wheel day in and day out. systems minimize the element of surprise. With systems in place your team is able to deliver consistent service. Businesses with consistently good service will outperform those with fluctuating quality service.

In addition to making your life easier, systems also increase the value of your business. Buyers want to buy businesses that are built on systems. The presence of systems tell buyers that the business doesn’t entirely rely on you. Creating systems help you create a turnkey operation, appealing to buyers. Business systems are assets that enable your company to run without you.

Scalability

Investors love highly scalable companies because they have the potential to multiply revenue with minimal incremental cost. You simply can’t substantially grow a business without cracking the scaling code. Some business are built to scale while others are forever destined for small business status. Unfortunately, many professional service providers are not scalable because they rely on personal output. So, if your goal is to build a big company avoid consulting types of businesses. A software company, on the other hand, is a highly scalable business model. Once the software product has been completed it can be sold millions of times with minimal costs. In other words, their increased revenues cost less to deliver than current revenues. What this means is that a scalable business will be able to increase the operating margin as revenue grows.

A highly scalable business requires small variable costs that the company can control. Variable cost changes with the volume of business. Fixed costs do not vary with sales. For example, for a software company fixed costs include the cost of the office location, computers, and furniture. These cannot be quickly added or liquidated. Salaries on the other hand are a variable cost since workers can be hired and fired relatively fast.

Most consulting businesses like marketing agencies are not scalable because they are unable to substantially increase their revenue without greatly increasing their variable costs. Such businesses are considered poor investments.

To build a scalable business you should start with a scalable idea. Scalable businesses have high margins. They require low support and staff expenses. Scalable businesses allow you to work on your business as opposed to working in your business. If you find yourself constantly working in your business your business is either not scalable or not yet ready to scale.

Truly scalable businesses are highly automated. Automation helps you reduce variable costs such as labor. It is at this point when scaling and systems begin to work together. If you truly want to become a market leader or dominate your industry, scalability is the only way to do it without a miracle.

Board of advisors

If your goal is rapid growth, you must have a board that you can rely on for your big audacious goals. The life of an entrepreneur can be a lonely one. Often you feel like you are all alone with all the decisions you have to make. Your board will share some of the burdens of making key decisions and it will tell the outside world that you are systematic about your business, and that you understand that you need to surround yourself with people that are smarter than you. Your board will help you with large strategic goals. It can help with your overall business plan, policy issues, financial questions, strategic partnerships, and more.

Your board shouldn’t be utilized to deal with routine tactical challenges. Don’t waste the boards time on daily employee issues or what color the chose for your new office. Rather, let your board help you with strategic advice, or by helping you with making introductions to strategic partners and recruiting talent.

Fellow entrepreneurs and business leaders make excellent board members. Before you build your board you should have a clear understanding of what areas you need help with. Ask yourself what skills do you currently lack that you need to take your business to the next level? Is it marketing, intellectual property, or finance? Whatever it is you need help with should influence the ultimate makeup of your board. You could hire a recruiter, but they are expensive. It is best if you perform the search yourself.

Your board is not a group of your closest friends. It is a group of professionals, each with a respective specialty. One might be an IP attorney while another a retired CEO. You are not looking for a group of yes men. If you build a great board, each member will have more experience than you and each will know much more than you. If you feel like the dumbest person in the room, you are on the right track.

Your board of advisors will not join you for the money, but there are costs involved. It is a good idea to compensate your advisors. At least, you should cover their expenses. Do they need to travel to your board meetings? Are there hotel and other expenses? It is also advisable to pay a per meeting fee that might be a few hundreds or a few thousand dollars. In addition to monetary compensation, you could chose to offer stock as payment.

IP (Intellectual Property)

Most small business owners care most about time and money. Some understand that IP is as good as money in the bank. It is considered one of the most important assets of some of the most valuable companies in the world. Even though IP is an intangible asset, it’s almost impossible to build a hugely successful business without it. If you are going to dominate your industry or at least be one of its key players, IP is a must. You can often read about huge business acquisition deals structured around IP. Often, IP is the reason companies are bought and sold for huge multiples.

Simply put, IP makes your company more competitive. Without IP you end up competing on price and efficiency, a tough way to build your business. When you compete through IP you often set your own price, a luxury most businesses never experience. Since innovation is the main driver in business, developing IP should be a key objective for all companies that want to enter the big league.

If you are an early stage company wanting to attract investors, your IP might be what closes the deal for you. Investors look at IP with regard to the level of income it may generate through its life. Some companies bet their futures on IP. Richard Thoman, the CEO of Xerox, declared that the “management of IP is how value added is going to be created at Xerox.” An excellent example of IP management is IBM; it managed to generate about $1 billion from IP by 1990. IP is the intangible asset that can become your free cash flow.

When IP is properly managed it can prevent your competitors from copying your products or services. You can avoid wasteful investment in R&D. IP is a revenue generating profit machine that makes your company more valuable and competitive, getting you ever so closer to market domination.

Brand

Many small business owners, wrongly believe, that brand building is reserved for giant corporations. But, building your brand should be a key focus from the very early stages of your company’s life. Your brand is another intangible asset you can’t build a market leading company without. It is your brand that may enable your business one day to avoid competing on price only. It is your brand that may one day help you dominate your market. It is through the power of your brand that you will be able to minimize your new customer acquisition costs.

Successful brands are easily recognizable. Virtually all fortune 500 companies have managed to build a strong brand image. Powerful brands instill certain images in consumers from tradition, to quality, to innovation, to any number of thoughts and feelings. As competition increases, so does the importance of building credible brands.

Brands are not born out of thin air, they are strategically developed. Building your brand is no less important than developing your sales strategy or R&D. The process of building your brand is a never ending job. There is no such thing as a finished brand. Finished brands are for businesses that are finished. You can never think of brand building as a project with a beginning and an end.

While advertising is important it is not advertising that creates your brand. Your brand is a reflection on everything that your company does. Your brand is the quality of your product or service. It is also the way you treat your customers, and even your employees. Your brand is shaped by how the world perceives you.

The value of each brand fluctuates. Your company scores big on your latest product and the value of your brand rises. One of your employees publicly ridicules one of your upset customers and your brand suffers. The good news is that for the most part, you are in charge of your brand’s destiny.

Even the worlds greatest brands are not always on an upward trajectory. Strong brands can help your company survive disasters. Recently, the Toyota brand had been plagued by millions of recalls, yet the company managed to come out of it all with an even stronger brand.

It is true that not each small business wants to become an industry leader. But, it’s also true that there are no accidental market leaders. Most small businesses are family owned and operated, and there is nothing wrong with that. You can be happy, fulfilled, and wealthy running a small business. But, if your choice is to grow your business into a true market leader you have to build your business on systems. You have to be able to crack the scaling code, so you can dramatically increase your revenue with minimal expenses. You will need trusted advisors that are smarter and more experienced than you. It will be an uphill battle, or perhaps even impossible without proper IP management. Your brand will soften the blow when you are hit with disasters. Of course, there are other factors such as luck and timing that transform small businesses into huge success stories, but the above five make for a good start.

Tips In Business Success

Here’s what he said: The three most dangerous words in the English language are “I know that”.

How many times have you heard a piece of advice that was so tried and true you barely stopped to think of it’s meaning?

“Do unto others as you would have them do unto you”.

Our brain immediately jumps to “oh yeah, I know that, I’ve heard that one before, what’s next?”

How many times have you read the first part of a book or article only to skim over the rest because you had already heard the idea?

“The secret to success in business is to find a need and fill it.”

We immediately cry out, “of course it is, but that doesn’t do me any good right now!”

And how many times have you listened to a public speaker profess their belief in an age old wisdom, such as building better relationships?

“That’s a great idea”, you might say, “but I tried that years ago.”

What’s funny about the human brain is that even if we know something works, that doesn’t mean we actually do it! I know that I should create a todo list everyday to get more done, but sometimes I just don’t feel like it. I know that I should stay in touch with new people and work toward building a better relationship with them, but sometimes I forget. I know that I should avoid giving advice when it hasn’t been asked for, but sometimes I just can’t help myself!

We must be constantly reminded of the things we “know”, to make sure we keep doing them.

If you’ve ever read the reviews of famous business books on Amazon.com, you’ve probably seen some comments that say “What a waste of money, this is just common sense!” People assume there must be some hidden secret they are using to get ahead. It can’t be this simple, can it!

Well, yes, it really is that simple. Successful people use the same ideas that we’ve all heard for years. Just because advice is simple, that doesn’t mean it won’t work.

In short, the next time you hear an idea or piece of advice, avoid the natural temptation to say “I know that”. Just because you know something doesn’t mean you are actually putting it into practice on a daily basis!

To select a broker to pay attention to several important points:

  1. Deposit / Withdrawal

Also not the last criterion for choosing a forex broker, but most likely there will have to bring something to the victim: broker or strict regulation by the state, or the ability to withdraw funds via the various electronic wallets. Of course, electronic money is the absence of taxes and government control, so it is better to find a broker with such an opportunity. If you are a trader with a significant amount (from $ 5’000-10’000), the electronic money to you for anything, there is always the opportunity to trade through an offshore company.

As a rule, deposit funds to your trading account is instantaneous, and the output of a good broker will take more than 24 hours. We recommend to check the selected broker for a small amount, lose a small commission.

  1. Customer support and information support

A quality broker should have forex trading services: online chat, which is open 24 hours a day, at least 5 working days a week, ideally all 7. Broker with which communication takes place via email or phone is terribly inconvenient. Therefore, be sure to check for online support with a broker and speed of response.

A self-respecting broker will not skimp and hire separate staff that will provide you all kinds of information: analytics, surveys, analysis of charts, predictions. Such a flow of auxiliary information must be provided to customers during each trading session.

  1. Protection of the interests

In many countries, brokers are regulated by law and the relevant government agencies / commissions. Since the US is the CFTC (Commodity Futures Trading Commission) and NFA (National Futures Association), these regulatory bodies are very closely monitoring the implementation of the US law on the part of brokers. If the broker is caught cheating, then almost immediately be followed by a fine or even deprivation of the license.

In the United Kingdom the activities of brokers regulated by FSA (Financial Management Regulation and Supervision), the FSA is considered more liberal structure, but in the case of violation of your rights or other fraud on the part of the broker, it is worth to lodge complaints. Check the broker’s presence in the FSA register can be here (goo.gl/Vmu8IH).

 

The EU has a common document, entitled “Directive on Markets in Financial Instruments», and each country has its own local monitoring body, for example, in Cyprus it CySEC .

In 2016, Russia also began licensing brokers.

  1. Technical characteristics of the broker, the types provided accounts

Usually brokers offer three types of accounts: a classic, ecn account, SWAP-Free accounts.

Top 10 Marketing Books for Small Business Owners

Unlike big business owners, small business owners have the burden of taking care of every single aspect of their business – recruitment, marketing, finance, accounts, managing employees to managing vendors, and so forth. But here we focused only on books that can help you gain marketing knowledge and skills. Here are the top 10 books on marketing which we believe are helpful for new as well as established small business owners.

Book # 1: The New Rules of Marketing & PR – David Meerman Scott

In the new marketing scenario, the methods such as ad copy, etc. do not bring results for your business. With the popularity of smartphones and other devices and proliferation of the Internet, new methods, rules, etc. of marketing have evolved. This book discusses the importance and benefits of using such techniques.

David M Scott provides fresh examples of success from various industries and businesses across the world. He highlights the new tools and techniques that marketers should use to communicate with their buyers directly – Twitter, Facebook, LinkedIn and YouTube. In short, this book is a guide that offers actionable strategies and insider tips that can be implemented immediately.

Book # 2: Word of Mouth Marketing: How Smart Companies Get People Talking – Andy Sernovitz

This book by Andy Sernovitz emphasizes the use of word of mouth marketing for businesses. The book elaborates purpose of blogs, social media, viral emails, etc. – when to use them and how to make them work.

Word of mouth is an effective tool to share information quickly and easily to promote businesses. It is an effective tool that can promote your business via your customers, friends and relations.

Book # 3: Guerrilla Marketing: Easy and Inexpensive Strategies for Making Big Profits from Your Small Business – Jay Conrad Levinson

This book furnishes strategies for Internet marketing, tips on using technology like pod-casting and automated marketing, programs for targeting prospects, cultivating repeat, referral business, management lessons in the age of telecommuting and freelance employees, etc. – exclusively for small businesses.

Book # 4: Duct Tape Marketing: The World’s Most Practical Small Business Marketing Guide – John Jantsch

John Jantsch is a well-known expert in small business marketing. In the book, he discusses all the proven tools and tactics together in a step-by-step marketing system. This road map helps small business owners in knowing what they need to do to market their businesses.

Book # 5: Smarter, Faster, Cheaper: Non-Boring, Fluff-Free Strategies for Marketing and Promoting Your Business – David Siteman Garland

This book provides strategies for building, marketing and promoting businesses. These techniques are smarter, faster, cheaper and therefore save your time and money. The book is equally helpful for start-ups as well as those who are already in the market for sometime.

Book # 6: Marketing Shortcuts for the Self-Employed: Leverage Resources, Establish Online Credibility and Crush Your Competition – Patrick Schwerdtfeger

This book provides effective practical strategies and tactics – a complete tool kit to use resources sensibly, to establish online credibility. If you apply these strategies, you can get good results for your business within a brief span of time.

Book # 7: Ultimate Small Business Marketing Guide – James Stephenson

This book is an essential guide for every business owner. James Stephenson presents in this book 1500 great marketing ideas that are sure to boost your sales revenue, profits and customer loyalty and also to help you stay ahead of your competitors.

Book # 8: Web Marketing for Small Businesses: 7 Steps to Explosive Business Growth – Stephanie Diamond

Marketing for small businesses was difficult in the past. But today, it is not the case. Web marketing enables small businesses to take advantage of marketing opportunities and win new customers.

The book ‘Web Marketing for Small Businesses: 7 Steps to Explosive Business Growth’ focuses on different ways of marketing with a detailed strategy to put them into action. The main content of the book comprises checklists – niche, brand, story, search, content, social media tactics, traditional tactics and results. This book helps you implement web marketing strategies.

Book # 9: Likeable Social Media: How to Delight Your Customers, Create an Irresistible Brand, and Be Generally Amazing on Facebook – Dave Kerpen

This book is a key to unlock the door to new opportunities. It tells you about how to build brand awareness by engaging customers in social networking sites like Facebook, Twitter and other social media networking sites.

Book # 10: 500 Social Media Marketing Tips: Essential Advice, Hints and Strategy for Business: Facebook, Twitter, Pinterest, Google+, YouTube, Instagram, LinkedIn, and More! – Andrew Macarthy

This book is a guide to small businesses. It provides 500 social media marketing tips covering all the web’s biggest players like Facebook, Twitter, Pinterest, Google+, YouTube and others. These tips will help you build brand awareness in social media networks, attract and engage your customers and ultimately help you increase sales.

Business Exit Tips

Most business owners believe that an ‘external’ sale of their business is their only (or at least best) Exit Alternative. Typically this is because business owners know that their employees and/or fellow family members don’t have the type of money required to secure a successful exit plan for them. So often times, business owners approach (view or see) the topic of Exiting a business as meaning that they need to sell their business to an outside buyer with enough money to pay them what they want.

So while an ‘external’ sale is intuitively appealing, it’s my experience that an understanding of ‘internal’ transfers will help open up a very good dialogue with a business owner so that they can understand all their options and make a well informed decision. In fact, analysis of an ‘internal’ transfer of the business can be a powerful alternative to a business owner looking for an Exit Strategy. And, depending upon the business owner’s motives, it may be the best alternative available.

‘Internal’ transfers of ownership in a business are often times overlooked because they are not intuitively understood by the business owner and/or the business owner’s advisors. So let’s examine some of the ‘internal’ transfer methods that are available to a business owner to illustrate the benefit of a well-conceived Exit Strategy.

‘Internal’ transfer methods include Employee Stock Ownership Plans (ESOP) Transfers, Management Buyouts (Sales to Family and Management), Gifting Strategies, Private Annuities, Family Limited Partnerships, and Charitable Transfer Strategies. The three (3) primary differences between these ‘internal’ transfer alternatives versus (and the) ‘external’ transfer alternatives are:

    1. (i) the corporate assets, including future cash flows, are leveraged to achieve these strategies;

 

    1. (ii) the driving force behind these ‘engineered’ strategies is a business owner’s motive of passing the business to someone other than an outside buyer, and;

 

    1. (iii) the business owners will frequently be considering tax planning and estate planning along with their Exit Strategies. ‘Internal’ transfers, as a general rule, allow for more flexibility in these areas than ‘external’ transfers.

A business owner considering an ‘internal’ transfer can set the price and terms for the transfer and say to their family and/or management team, “Here is what I want/need for my business”. For this reason, ‘internal’ transfers are often referred to as ‘controlled’ transactions because the business owner is working with ‘assets’ that they already possess in structuring their Exit from the business. So if those ‘assets’ are sufficient to achieve that business owners’ goals (based on their motives), then it is worthwhile to examine an ‘internal’ transfer.

This is in sharp contrast to a business owner attempting an ‘external’ transfer because they are often subject to a process that includes outsiders investigating their potential investment in the ‘Target Company’ and then telling the business owners, “Here is what we are willing to give you for your business”. So, the Exiting business owner can expect to lose quite a bit of control over the process. And, because many business owners possess a unique psychological mix of independence, intelligence and control orientation, losing control to an outside buyer often leads to ‘choppiness’ in a deal.

Mergers and Acquisitions professionals will often advise business owners that if the business owner wants to set the price for the deal, then the outside buyer will be setting the terms for the deal. A deal is struck when each party is ‘equally happy’. Or, as one dealmaker said, every successful ‘external’ deal is a “little miracle”.

So, one will naturally ask, “What’s the downside of an ‘internal’ transfer versus an ‘external’ transfer”? Quite simply, negotiating with family members and key employees can be inherently dangerous. These individuals (and their advisors) will require detailed and confidential information from the business owner in order to fully understand all the risks inherent in owning the business – really no different than the ‘external’ buyer. And of course, most business owners are not anxious to share all their information with their employees; it goes against the nature of the relationship amongst workers and owners.

So then, how does one go about negotiating an ‘internal’ transfer? The answer is “very carefully”. And, the most cautious first step that a business owner can take is to engage an intermediary – which can be any one of the existing advisors to that business – to assist with the transaction. Having trusted advisors involved in the process raises the level of objectivity and lowers the level of emotions when negotiating the transfer.

Because, after all, if the ‘internal’ transfer does not work out, it will not add a lot of Value to the business to have [further] frustrated employees due to that business owner’s own doing. It’s easier to place blame for a failed transaction with a third party advisor so that all parties involved can amicably return to the business of running [and not transferring] the business.

Yet another downside to an ‘internal’ transfer is the loss of potential for extraordinary gain on the transfer. As a general rule, ‘external’ buyers for businesses include ‘Strategic’ (or industry) buyers and ‘Financial’ (such as Private Equity Groups) buyers.

A Strategic Buyer of a business stands to offer the selling business owner the highest total Value in buying the business because that buyer can apply ‘synergies’ to the valuation of the deal. In other words, a buyer who is already in the same business as the seller, can eliminate duplicate expenses and acquire new customers for their existing products. These ‘synergies’ help raise the Value of the transaction to the Industry buyer, and a good M&A intermediary will argue for the sharing of those synergies with the selling business owner. This synergistic value is likely not available with an ‘internal’ transfer.

So to summarize my original point, a business owner who wants to Exit their business should be aware of the various methods by which an Exit can be directed. Thereafter, consideration should be given to that business owner’s motives. In other words, what is most important to that Exiting business owner and how can it best be accomplished?

An Exit Strategy is defined as ‘The written goals for the succession of a businesses’ ownership and control, derived from a well thought out and properly timed plan that considers all factors, all interested parties, and the personal goals of the owners in a manner and time period that is accommodative to the business, its shareholders, and potential buyers.’ Accordingly, knowing the pros and cons of ‘internal’ and ‘external’ transfers is a critical step in establishing an Exit Strategy.

Exit Strategies are hard to design and even harder to properly execute. I am pleased that you are pursuing a pro-active interest in Exit Strategies because a pro-active approach to an Exit Strategy is the only approach to a successful Exit Strategy.

Using a Professional Printing Service to Get the Message Out

Whether you operate a business, are a freelancer, a sole trader, or just need some printing done, a professional printing service is usually the best option for your needs for the following great reasons:

  • Professional quality: When you’re faced with a large printing job, it makes sense to order it through a professional printing firm with the capacity to fulfil your requirements. Even though home based and consumer printers have improved and become more affordable in recent years, they are not designed for large runs of professional quality work.
  • Professional colour management: Though consumer printers ship with a variety of inbuilt colour profiles, to really get the best in terms of accurate colour, a professional colour grading and colour management workflow is required. All professional printers in Adelaide accept file uploads with CMYK colour profiles, which is the standard for pre-press and graphic design, and allows for maximum flexibility.
  • More formats: Home and consumer grade printers may be able to handle short print runs with minimal design and colour requirements, but they are not intended for professional quality work. If you are a photographer, for example, it’s likely that you’ll need your photos professionally colour corrected from a wider colour gamut like Adobe RGB, and then printed on wide non-paper formats like canvas.
  • Printing to the bleeding edge: When you look at professionally printed brochures, CD covers, notebook covers and other items, you’ll see immediately that they are printed right to the edge. Being able to print bleed is out of scope for most consumer grade printers and requires professional equipment. If you want a professional looking brochure, CD cover, business card, or otherwise, you might want to strongly consider using the service of a professional printer with access to premium grade equipment.

Enhancing Your Business Reputation with Professional Logos and Materials

If you own a small business, or operate as a freelancer or sole trader, you need to get the word out about what you do. One great way to do this is to maintain a professional image with great looking letterheads, business cards and business logos. But we’re not all designers, and it makes sense to turn to the graphic design and pre-press services of professional printers. By doing this, you gain the following benefits:

  • Advice and guidance: By working with graphic designers, you can turn an idea into a reality. If you have a business card or logo in mind, for example, you get the benefit of talking with a graphic designer who can offer professional advice, and then turn the concept into a printed letterhead, business card, vinyl sign or just about anything else.
  • A professional look: Working with a graphic design team to turn your ideas into reality can really make your business look and feel professional. A great looking logo will attract more attention from more customers and will separate you from many other businesses.

Finding a Great Printing Service

There are many printing services available, but if you really want to turn your ideas and concepts into a reality for your business, it’s always best to go to a team that has years of experience and can offer the best advice and guidance for your specific needs.

 

Professional Fit-out Companies

Using a professional design firm to decorate a home or office is an excellent decision because it looks professional and is more functional in the long run. Most studies have found that when an office environment is more professional-looking and makes the most of the space available, the office employees are much more productive. Fit-out companies specialise in redecorating offices, which includes utilising space well, bringing in new furniture and wall decorations, and working with the various departments to make sure there is as little disruption as possible while the work is being implemented. Today there are many professional fit-out companies that perform a variety of excellent services at very reasonable prices, and most of them are easy to research and find.

What to Look for in a Fit-out Company

Fit-out companies do more than just come into your office and redecorate. They usually start with a consultation that enables them to ascertain your current and future business needs so they have a starting point in the decoration process. They then develop an outline of what your new office will look like, and purchase furniture, wall decorations and more to make your office look extraordinary. Whether you want a more traditional look with basic colours such as beige and brown, or a contemporary look in bright neon colours, fit-out companies can accommodate you. They also have great working relationships with a variety of furniture and decorating companies, so they can offer you excellent discounts on these items.

Fit-out companies also work with your IT, and other, departments to make sure that the move goes as smoothly as possible. Using a company that will provide an office fit-out in Melbourne means that you can relax while the fit-out company does the work for you. Of course, these companies will also keep you informed every step of the way so that at any given point, so you know exactly what is happening. From the initial consultation to the completion of the fit-out procedure, they let you know everything that is going on so that you can stay in the loop.

Advantages of Using a Professional Fit-out Company

Fit-out companies do the hard part of redecorating your office, so that you can concentrate on the things that matter most, such as growing your business and making money. They also develop a comprehensive budget so you are guaranteed not to spend too much. Their services are very reasonable, especially when you compare it to doing this job yourself, and they even break down the budget so that you can see exactly where your money is going.

Companies that provide fit-out services can accommodate businesses of all sizes and types. Whether you own a small two-person office or a corporation with hundreds of employees, they provide the services you need at prices you can afford. If you’re interested in redecorating your office, using the professional services of a fit-out company is your best bet. They offer top-notch services, excellent prices and a variety of redecorating options that can easily create the look you’re searching for.