Executive Coaching For Stress Resilience -...
Authentic Appreciation Are you working in an enlightened organization where leaders truly care about the emotional health and well-being of employees? Do the leaders in your organization express appreciation on a regular basis? Does your company or law firm offer stress prevention programs for management and employees? Are you a leader who models healthy stress management by creating a workplace culture and climate where appreciation is expressed in the moment? Are you able to create a high performance workplace where employees are fully engaged emotionally? Do you have an organizational culture which values appreciating all of its employees on a regular basis? Do organizational leaders encourage...
What Is Executive MBA ?
With technology coming to aid online MBA programs have become very easier to access. The online tools are user friendly and there is no need to be a software expert in using it. The online interfaces and LMS where in the course packages are uploaded can be opened online by any candidate from any place and at any time. He or she would be just provided with a user name and a password. This username and password is used to login to the website of the University or an institution that offers an online MBA. An executive MBA online is the most popular degree that many working professionals opt for. The craze for this course started when employees wanted to pursue an MBA degree while working in an...
University of Symbiosis is one of the best MBA Colleges in India located in Pune. The university offers good quality education. Symbiosis institute of management is recognized as one of the top b-schools in India. Duration of the program: The Executive MBA program is offered over 30 months with 5 semesters. The first two semesters have general management subjects. The rest of the semester can be selected by elective subjects from various functional areas like Finance, HR, Marketing, operations and IT Systems. In the last semester, students are required to do a live project. Eligibility: Candidates with any Bachelor degree can apply for executive MBA in symbiosis. Eligibility for Industry Sponsor: A...
Executive MBA courses in India
MBA in India has always been the top priority of the students. Students from any field want to pursue higher education as MBA in their respective fields of interest. Not only the students, but the parents of the children have also seemed to get obsessed with the MBA degree. Every single parent today can be seen motivating their children to opt for MBA as their career option. MBA courses are provided in almost every subject these days, which are then facilitated by the various colleges of India. In fact, the working class of the country is also getting attracted to the MBA courses and the future prospects offered by them. To cater to the MBA education needs of the working class, many colleges in...
Team Building Maneuvers and the Team’s...
Conquering the Challenge of “Change” through Team Building Maneuvers Leading teams into qualitative team building maneuvers prevails over the challenge of change at a time that change is definitely required in most organizations. In order to experience successful change, the “fear to change” must be addressed. Change is the one constant when uncertainty shows itself in life and change undoes the way process is both managed and executed. Change is natural and good, but people’s reaction to change is both unpredictable and irrational. It can be managed if done right – but when reacting to the uncertainties exhibited by the stimulus for change, mistakes are made and can be very costly...
Executive Training - Productivity Through...
Executive Training is in dire need of some fundamental approaches to increasing productivity. Most executive development today is high level and focuses on technical specialties or strategic planning, communications, marketing, etc. What is missing in most cases are fundamental skills and techniques to manage people more effectively. Delivering better project and assignment execution is the Core Competency most needed and often over-looked. The essential executive skills for faster project execution and increased employee productivity are a result of "Soft Skills" such as delegation. Planning an important project or assignment, delegating the actions effectively and tracking progress to create...
Executive Training - What Makes a Great Executive?
Can executive training make you a great executive? Before we explore this question, we must first define the features of a superior executive. The role of executive is based on leadership but leadership is not the only important asset of an executive. There is no single factor that makes an executive great but rather it is a combination of skills and assets that make a great executive. A superior executive will chair or originate strategy and will thoroughly examine all the issues the affect his or her business including marketing trends, finances, etc. A great executive will drive the brand by not only understanding what opportunities the business has but also understanding where the business is...
Karen remembers the diversity management class she took back in graduate school. The basic ideas sounded practical and the professor kept everyone's attention with his case studies about this new business practice. Now her boss of two years, at the regional bank, is suggesting Karen may be asked to oversee a transition team to move the bank from affirmative action and valuing differences to a focus on managing diversity. He tells her that bank board members, the CEO and several key executives are seriously concerned about this project, after two key new-hires recently left their positions. It was expensive to recruit them and there had been high hopes these two college superstars would easily move...
Business Coach Help you discover how to be more...
In today's time where each and every organization wants to remain aggressive to survive in the market, we cannot understate the accent of business coaching. It has become a necessity rather than a just appearance management. But to actualize an abiding relationship with customers and to achieve preset goals, it is important to go with such a business coach who will fill the coaching profile adequately. To maintain the aggressive bend in the market, there are assorted strategies adopted by various organizations and business coaching is one of the acknowledged strategies. Now more and more businesses have started to see how effective this type of coaching is. Whether a small businessman or a big...
Chinese Home Appliance Industry: Selling A...
5 years ago, I take journalists to interview Wang Jianguo Nanjing then as he is Five Star Chairman; 6 years ago, I met in Qingdao Haitian, he is our VIP customers, and Paradise was chairman of the board (now Gome CEO) of Chen Xiao, Zhejiang, chairman of the five cross (now Pak Shing Group) Ye Hui, the medium and large appliances, etc., chairman of Da in the giant chain of discussions with the voice and face, still vividly remembered. Today, the passage of time, people have changed. In the home appliance chain industry after the end of the first round of the Happy Valley enclosure, Wang Jianguo will be sold Five Star Best Buy , Get out switch to five-star investment; Chen Xiao into the capital on...
Change Management Or Transition Management?
A train requires two well-maintained rails to reach its destination. Like the train, organizations going through change require two well-maintained rails to succeed: a change management plan and a transition management strategy. Even though both are necessary, one usually gets most of the attention. "While most leaders focus the majority of their time and attention on the numbers, the people issues often make or break a deal." (Gambill and Hodge) What's difference between Change Management and Transition Management? "Change is the event and transition is the process." (W. Bridges) Change Management concerns itself with the physical aspects of change- what needs to be done, when and by whom...
Change Management - Survival of the Most...
Charles Darwin famously said that: "It isn't the strongest of the species that survive, nor the most intelligent, but the ones who are most responsive to change" Any organisation whose processes, behaviours and cultures have evolved around a perception and belief in a fixed and static environment, are finding that they have a limited effectiveness in the fluid reality that we are all currently experiencing. Survival depends on continuous change. For your organisation to survive and prosper in this climate your feedback processes and behaviours need to be aligned to the reality of your external environment - or you die. But in reality it's even harder than that. It's not just about catching up with...
"Can This Marriage be Saved?" So reads the title of the cover story in the August 15, 2005 issue of BusinessWeek ( The article describes the seven-year (1998-2005) story of the merger of Daimler and Chrysler Corporation. As of this writing, the board of the merged companies decided to terminate the reign of the current chairman, Jürgen Schrempp. At the end of this year he will be replaced with Dieter Zetsche, the current head of the company's operations in North America. The article identifies the following five critical challenges facing the new chairman: 1. Improving product quality and worker morale. 2. Securing union support to gain flexible labor agreements. 3. Impressing on company...
The Importance of Business Management Teams
Business owners and managers on their own will likely have considerable knowledge about different aspects of running a business. However, when you can put together a business management team for your company that consists of top members, you will have a better chance at success for your business. With a team of top members, you will also be able to better guide other teams within your business. Managers will be able to more easily analyze their own potential and what they can offer the business team. An individual manager can work on evaluating themselves based on the performance of others and their own personal standards as well. They will also want to figure out what they will be able to offer the...
Internet Business Training Program - Become a...
For some adults it's very difficult to imagine going back to school. Most think it's unnecessary and some just don't have the time or energy. I for one could never see myself going back to a traditional college to further my education. I have no desire to learn something of mild interest from someone that probably doesn't even have real world experience in what they're teaching. But what I do have the desire for is continuing education on my own. I have a thirst for knowledge that can't be quenched. I seek out the real world doers that are willing put their knowledge down on a piece of paper for me to read or a video for me to watch. And for any one looking for success in your home business one key...
The Key Tasks of Sales Management
Sales managers carry the overall responsibility for sales performance. This responsibility is best discharged by focusing on the key tasks of leadership, motivation and development. Creating the Vision Sales management must create a vision of the future - a sense of direction that encompasses the overall goals of the organisation and the role of Sales in achieving them. Managers, through their leadership, ensure these overall goals form the basis of all sales actions and behaviours. Explaining the Mission Management must then explain the organisation's mission, which relates to what the organisation believes in. This mission is expressed in its culture and values and includes the sales strategy...
Buffalo MBA: Canisius College - Richard J....
> Canisius College boasts many options. Whether you’re looking for a full-time MBA program in buffalo, a part-time MBA program in buffalo, or even... Buffalo is an American city in western New York. As of the 2000 census, the city had a total population of 292,648. Buffalo is the state's second-largest city after New York City and is the county seat of Erie County. Buffalo is located on the eastern end of Lake Erie, opposite Fort Erie, Ontario in Canada, and at the beginning of the Niagara River, which flows northward over Niagara Falls and into Lake Ontario. Like the rest of New York, Buffalo is subject to the state’s benchmark evaluation system. The city is home to 47 private schools...
Deciding Whether to Go Single Handed As a...
The decision to go solitary as a business coach or to have a team, a support staff is a rather personal decision, based on various factors. In this post, we will look at some of those factors, which will help you determine whether or not you should go singlehandedly in your business coaching pursuits or have suitable accomplices in tow. Firstly, you need to look at the level that you are on; perhaps you are just starting off as a business coach with no real income to showcase as such, out of your venture. At the same time, this is pretty much the stage at which you need to establish yourself with a bang...you need that website, you need that blog, you need those articles, you need videos talking...
Business Coaching Statistics: How to Gain a...
Here are some interesting statistics to consider if you own a small business or internet business. Did you know business coaching statistics show that applying the skills of a business coach is a great way to keep your business ahead during a recession. It is predicted that for a small business owner to be able to work competitively on their own will become more challenging. During this recession especially, when the competition among companies is exhaustingly fierce, it becomes crucial to look for assistance to give you that competitive edge. Business coaches give you an outside perspective on how your business is running. Because this is something most businesses do not bother to find out, this in...
Even though business coaching is one of the fastest growing industries in the world, and demand for coaching services are high, many business owners really aren't sure what benefits hiring a Business Coach can have for their companies. The process of business coaching makes it a perfect resource for owners looking for business help for their companies. Why? Because a good Business Coach will not only help you get to your goals quicker, he or she will also keep you accountable to getting the results you say you want. That is the main difference between business coaching and business consulting. Most consultants simply give you a list of strategies or "things to do" to help turn your business around...
Don't Short Change Yourself During Your Sale of...
If you are considering selling your business here's some things to consider. Chances are you are going to short change yourself when you sell your business unless you follow this advice. If you bought your business to begin with, there's at least a 50% chance or better that you didn't really have all the information you should have. Now as you consider selling, you wonder if you have the right information for that. Here's a quick rundown on what you should have. Let's consider for a moment how your business is going to be valued. There are two principle ways of doing this. One is based on the income of the business. In a nutshell, the income is capitalized with some rate that is supposed to reflect...
As a sales manager, what do you consider to be your most important tasks and responsibilities? When I ask this question in seminars and workshops, most of the answers I receive revolve around "making sure my sales team hits their numbers." That's not a bad answer, and one that will probably make your owner or executive management pretty happy. After all, so long as your staff is moving products and opening accounts, everything is going along just as it should be, right? That's mostly true, but it doesn't tell the whole story... I mention this now because, as I have worked with dozens of companies across North America, I've noticed an interesting trend - that a lot of sales managers have trouble...
How Web-Based Project Management Can Improve...
Many project teams are geographically dispersed. Projects are inherently collaborative efforts. The very nature of projects is such that there teams are usually comprised of multiple members. Often, project teams incorporate multiple organisations. Team members can include not only the employees, but also clients, vendors, sub-contractors, and other third parties. Sometimes the entire project team belongs to the same company or organisation; yet, the members often work from different offices either within a country or globally. Even if the project team is in the same office, in fast paced business scenarios information must be passed as rapidly as possible, making centralised project management...
Project managers are team leaders. If you are responsible for new project development, you must have defined procedures for establishing boundaries and to differentiate between stages of the project. You must know the standard for evaluating progress at any given check point or stage which requires review. In order for your projects to pass from one stage to another in an orderly fashion certain requirements must be adhered to. At each check point, the generated progress reviews provide an excellent opportunity for presenting proficiency reports to executives. This is also a very good time to present any new data that has been collected in support the project As the administrator you will proceed...
CMS plays a very important role in determining the way that an organizations web content is managed. Below are some duties undertaken by a CMS system in an organizational set-up. CMS fulfills the following roles: * CMS upholds standardization rules * CMS provides user friendly interface that removes the need for content owners to learn cumplex web authoring languages such as HTML & PHP. * CMS enables for quicker updating of Web pages * CMS provides fast access to content owners directly * It creates accountability by enabling content managers to track logins and changes to various pages within a website. CMS allows for faster updating of websites. I'm a web administrator in my company and I'm...
Buying a Business? What I Recommend Foreign...
Many foreign nationals come to Central Florida to purchase a business in order to get visas into the US on a somewhat permanent basis -- so long as the business is viable, the visa holder may stay, if not, they may have to get back to their country of origin. The two most common types of visas are the L1 and E2 visas. The L1 visa is normally available to foreign business owners who wish to acquire a business in the U.S. and assign a person -- on an inter-company transfer-to manage the enterprise. The person managing the U.S. enterprise gets the L1 visa. The good news is that normally the L1 visa can be converted into a green card within two to three years. The E2 category of US visas is normally...
Do You Have a Cleaning Business For Sale?
Selling a business means taking the time to do some advertising in the right places and making sure that your business is ready to sell. If you are have a cleaning business for sale, then follow a few steps in providing the buyer with everything they need to step right into your business and start profiting. One of the first things you need to make sure of in selling a business is being aware of the legal issues that are involved. Especially in a business like cleaning, you will most likely have private clients. You are going to need to provide a legal document basically stating that when you sell this business, there won't be any chance of you trying to get back those same clients through another...
Increase The Potential Sale Price Of Your...
1. Make sure your financial records have been kept accurately and in detail. Consider switching to a computerised accounts system, if you have not already done so. Be ready to explain any unusual figures. 2. Ensure that all legal documents relating to your business are up to date and accurate. These may include leases, hire-purchase agreements, client and supplier contracts, staff contracts, patents, trademarks etc. 3. Target your more obvious weak points and bring them up to par with the rest of your business. This may involve renovating your business premises, expanding your client base, updating equipment, balancing stock levels etc. 4. Be honest with your staff - let them know that you're...
10 Tips to Create an Effective Management Team
A team culture is necessary for success. Working together effectively is not automatic. It takes a specific effort and the development of a culture that is supported by executive management. Shared experiences create unity and value. Knowledge transfer is essential for an organization to grow. Without knowledge transfer and the sharing of success it is difficult for the group to share any vision and work toward common goals. 1. Create an intentional communication strategy. Your Management team must understand and support a common vision. This requires clarity. Clarity begins with effective communication. Make sure communication from your Management team reaches all employees. 2. Do not set up...
Payroll Outsourcing For Effective Business...
It is acknowledged that outsourcing can be a useful resource management tool that can save money and aid profitability. Payroll Outsourcing is one such area that has enjoyed considerable growth in the past few years as an effective outsourcing and management service that benefits businesses and organisations. It is one of a number of outsourced processes that help to streamline the business management process in small, medium and large companies and organisations. And in the process provide effective benefits in a cost effective fashion. Of course different businesses or organisations in the private or public sector can have specific requirements, i.e. GP Practices and Dentist Surgeries...
Outsourcing Business Accounting Services
Outsourcing business accounting services to a PEO (Professional Employer Organization) will significantly lessen the burden for employers. Complex non-core responsibilities that companies have to deal with need to be outsourced in order to save resources and ensure sustainability for the organization. The comprehensive solutions offered by a PEO would not only take care of all aspects of HR management, but also specialized services such as accounting, legal compliance, tax calculation, and administration. A PEO is an organization that specializes in handling the human resource management tasks of companies. The professionals working in a PEO are experienced in various fields of operation including...
In coaching clients on Leadership we've noticed an early sticking point. Though different people give different reasons, there is a common theme: at this point, the clients seem to be showing resistance to 'stepping up' to Leadership. They of course don't accept that it's resistance; from where they stand it seems impossible to assume Leadership, '...until...' Here are some of their 'untils': "Until 'they' accept my role, and I am officially 'anointed' as leader"; "until I've got 'all my ducks in a row' - finished everything I have to do"; "until I've managed some tricky interpersonal issues"; "until I've got somebody in place to replace me 'doing' all the tasks I'm currently spending all my time on...
What Role-Playing Excercises can Do for Your...
Leadership activity: Non-Leaders Can Benefit Too Some aren't so lucky to be born with the natural skills that we recognise in our leaders. For those people it is important to prepare a good leadership activity so that they can acquire and practise the skills required to lead a group of people. This can be in a professional setting, or a social context. Enjoying the Activity Role-playing in a leadership activity can make it a pleasurable experience, even fun! It should certainly be interesting as those involved act out the various scenarios. Anyone who may otherwise feel awkward or uncomfortable when surrounded by a group should hopefully feel that much more relaxed and it is. As a result the...
Best Leadership Advice: Business Success...
Fortune magazine once published an article entitled "The Best Advice I Ever Got." It was a great article that offered wit and wisdom about achieving business success. I liked it so much, that it motivated me to produce my newest book, Leadership—Best Advice I Ever Got, which describes the best leadership advice 136 successful CEOs, coaches, consultants, professors, managers, executives, presidents, politicians, and religious leaders received that most helped them become effective and successful leaders. Here are 7 secrets to leadership success: 1. Leadership is about making things happen If you want to make something happen with your life - in school, in your profession or in your community, do it...
Leadership By Performance Expectations
Leadership by Expectations is both a philosophy and a process. Setting clear expectations is necessary and can make a huge difference in performance. THE PHILOSOPHY Today it seems that management is more focused on efficiency than on effectiveness. Effectiveness refers to doing the right things. Efficiency refers to doing things right. Peter Drucker taught that efficiency must be built on a foundation of effectiveness. When talent and effort are applied to the wrong things, the results are useless. For instance, it is efficient to fill out a performance appraisal form at the end of the year. It is effective to meet with employees regularly throughout the year. Yet, talking with one senior...
Identifying Candidates for Leadership
A critical task in the succession planning process of any organization is identifying candidates. Traditionally, candidates have been identified based on past performance. While this seems logical, it is problematic in practice. Past performance always measures success in a lower-level position. What is needed in succession planning is a system to identify potential for success in a future higher-level position. The best predictive model I have found is the Leadership Pipeline Model by Charan, Drotter, and Noel. The Leadership Pipeline provides a model that describes the skills, time applications, and values required to succeed at different levels in the organization. While most leadership models...
Leadership Coaching - Is it Right For You and...
y"> "Coaching will become the model for leaders in the future...I am certain that leadership can be learned, and that terrific coaches...facilitate learning."-Warren Bennis Professional training in the Information Age centered on the learner memorizing knowledge and then applying what was taught to the specialized field they pursued. To reach upper levels of leadership the path was to perform your role better than others and work your way up the ladder in a linear fashion. Leadership came from the top down. It is known as the command and control model. In the command and control leadership environment coaching isn't generally viewed as an essential part of the training. The purpose of the employee...
Business Leadership NOW!
By default, when you have decision-making responsibility and authority, you are the leader. NOW is the time to accept the role. Allow it to challenge and motivate you. Are you the owner of a small business? A professional in private practice? Or an executive in a small company? If you are any of these and you don't think of yourself as a "business leader," shame on you. By default, when you have decision-making responsibility and authority, you are the leader. A recent Entrpreneur Magazine cover text reads "Who are America's future business leaders? You are. So what does it take to succeed? The best leaders combine bold new strategies with time-tested values. Are you up to the task?" I couldn't...
Help Wanted -New Business Leadership required...
Help Wanted -New Business Leadership Styles and Practices Needed To Build Confidenceand Jump-Start the Economy. By: Denis Orme ______________________________________________________________________________ America's help wanted ad should read, "New business leadership needed to build confidence and jump-start the economy. Only those willing to replace stale management styles need apply." Business leaders are faced with an unpredictable and frightening economic scenario - one they've never experienced before. First came the crash of 2000, followed by the recent terrorist attacks, frightening investors and crippling the financial nerve center of our country. Even before recent events American business...
Boy Scouts of America and Leadership Coaching
The Center for Management and Organization Effectiveness talks with Dennis St. Jean, Assistant Director Professional Development Division, Boy Scouts of America, Irving, Texas. CMOE: Having recently attended one of your leadership conferences I walked away with a totally different view of Boy Scouts of America. Can you tell us about your organization? Dennis: Our intent is to have the volunteers in the community, and the youth, receive the recognition. As a result most people think of us as a volunteer organization and don’t know that we have 3,500 full time commissioned professional staff working in 326 local Boy Scout Councils. Our Staff Leaders work with our...
Create Your Own Economy - Buy A Business
No one we know of has the crystal ball to tell us precisely when the economy is going to bounce back for business owners and consumers. Times like these lead many people to take matters into their own hands, and the good news is that there are business opportunities out there and a consumer base to go with it. If you want to hit the ground fast and hard you might want to go in the direction of buying an established business, one with a proven track record of course. Less risk is typically involved in buying a business that already exists. Reasons for this are: a profit-loss sheet is already active, live and present and it should clearly show positive cash flow and profits; customers and prospects...
If you'd like to be "set for life" as the owner of a multi-million dollar business -- sitting back and collecting a six-figure salary while other people (who have several years of business experience) "run" everything for you -- then this article will show you how. Listen to this: I've bought over 200 businesses in the past 40 years. In the first 25 of those years, I got owner financing. I got bank financing. I had vendor financing. I did all sorts of things. But, what happened was, I didn't realize there was investor financing. I actually discovered this on complete accident because I needed financing to buy a business in Mexico. You see, nobody was going to finance anything in Mexico...
5 Key Points to Know When to Sell Your Business
There is no denying that your exit strategy is a tactic that every single business owner needs to have in mind, but sometimes this is more complex than we would like to believe it is. Selling your business can provide you with a lot of excellent opportunities, but unless you completely have an understanding of your exit strategy and the best way to implement it, you will be left with a business that you either can't sell or that you can't get its value out of when you do sell. That's the reason there are 5 principles that you need to comprehend before you even consider selling your business. These key points are simple enough to understand and helpful enough to give you some valuable insight on...
Searching For a Business For Sale
A lot more people now want to run their own small business. If you have recently retired or been made redundant then it is important to keep active and busy. A quick search on the net will bring up plenty of results of opportunities you could take up, but to find the right business for sale it is important to understand the factors that have made the owner want to sell. When checking out the latest opportunities it is essential that you are aware of market conditions. It is no myth that the economy has been in bad shape recently. If you are going to invest a large sum of money then you should only do so in an industry which is experiencing a healthy growth rate, preferably above 7 or 8 per cent. The...
A Review of Empire Business Brokers
There is a lot of work that goes into the buying and selling of businesses. It is a far more complicated process than the buying or selling of a home or vehicle (not always simple endeavors either). If you were trying to find a business to buy you might think about looking through the businesses represented by Empire Business Brokers. This is also a good company to look into if you are hoping to learn more about selling businesses. Empire Business Brokers is a network of business "brokers" who are all working to sell businesses and franchise opportunities as well as working as consultants for people who are trying to buy an already existing business or franchise. This company has over seventy...
How To Grow Your Company By Buying A Business
Growing a company organically can be a long and arduous task. Developing products and services. Marketing and selling. Building a relationship with customers whilst all the time worrying about the costs and whether your business will work. An alternative way to achieve a fast increase in the size of your company is to make an acquisition. This means buying a company that you can merge with your existing business. Sometimes the investment you would have to make to reach a certain size in 2 to 3 years can be more than the cost of acquiring a company that could get you there tomorrow. So it's worth considering. This can even work if you are starting up. We raised finance for starting a business...
Selling Your Business is a Process NOT an Event
An event is defined as something that happens or is regarded as happening. It is the outcome or result of something. Its occurrence is localized at a single point in time. The sale of your business does not just happen and it does not just occur. It is the result of a process. The sales process alone takes 6 months to a year and the planning process could take years before that!! One of the biggest misconceptions about selling a small business is that it is an asset that can be easily converted to cash. Not only is converting a business to cash difficult, it may not even be possible. Consider the following scenarios: The business owner IS the business. The owner holds all the relationships with...
Open Or Closed Book? When Confidentiality is...
Once the decision has been taken to sell your business, it's understandable that you want a quick and pain free sale. And what better way to get it sold that to make as much noise about it as possible right? Well maybe not. Many businesses rely on solid client and supplier relationships, so as much as you want to move on with your exit strategy quickly and efficiently, consider a few points that may be a stumbling block on your route to advertising your business for sale. If your business relies solely on a client base that has been built up over time, and these relationships require stability and longevity, it goes without saying that confidentiality is paramount. Imagine the reaction of your...
Selling Your Business in a Weak Economy
The stock market is crashing. Government bailouts are rampant. The political climate is uncertain. Credit has all but disappeared for ready buyers if you can even find one. Yet, your dreams of retirement remain. What can you do? There is an answer that you may have overlooked. By understanding the power of an ESOP you could be well on your way to your retirement in the next 90 days. An ESOP (Employee Stock Ownership Plan) is a tax-advantaged vehicle that enables you to sell your business to your employees. This program was established by Congress in 1974 and today there are about 12,000 ESOP owned companies. Many business owners have either never heard of an ESOP or have a misunderstanding of how it...
Secrets to Selling Your Business – 3...
LifeStyleAgent liked this article from John Warrillow. Recently Google acquired DocVerse for $25 million. DocVerse allows a group of users to share and edit Microsoft Office (Word, PowerPoint and Excel) documents in real time without having to e-mail them back and forth. Google plans to integrate the DocVerse technology into its Google Docs application, accelerating its adoption. But why did Google buy DocVerse instead of just creating its own technology to imitate what DocVerse had built? The answer lies in the three questions large companies ask before they make the decision whether to build or buy. The first two questions they ask themselves; they ask the seller the third question. Preparing a...
Why Use a Business Broker to Sell Your Business?
There are many benefits in using a Business Broker when selling your business. One of the main reasons to use a Broker is to free up the owners time so he can concentrate on his company. When an owner tries to sell his or her own company, they will waste a lot of valuable time in doing so. Another very important factor of using a Business Broker is the confidentiality involved with the sale. By not using a Broker, an owner risks loosing key clients, vendors and employees. A Business Broker's duties includes: - Coming up with the appropriate value of the business, and explaining to the owner how the value was established. - Writing a comprehensive Review on the company to increase the marketability...