#OpportunityAlert = the power of apprenticeships

#OpportunityAlert = the power of apprenticeships

ChangeThis.com_Apprenticeships

the power of apprenticeships

Certainly my read of the Australian market at present is that Apprenticeships definitely have a role to play, and most importantly with our PrimeTime | Seniorpreneur demographic, either one of two ways:

a) as part of the Exit Strategy for a Business Owner

b) as part of the entrance strategy for those who want to take on a new role in life, maybe after executing the sale of a business…

“There is a huge shift happening in the United States right now: a return to the time-honored tradition of apprenticeship. Apprenticeship is the Western World’s oldest form of occupational training, and with good reason. By learning first-hand from an experienced tradesperson, an apprentice acquires mastery of a trade, inside and out. It is a hands-on method that equips participants with exactly the right skills and experience to transition directly into a particular job.

Modern apprenticeships have countless advantages for employers and the economy on the whole, as well as for anyone, at any stage of life, looking to launch a successful, well-paid, and fulfilling career.”

Read more at http://changethis.com/manifesto/show/125.04.JobU

Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi

Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi by Denise Hall on Mixcloud

I had the pleasure of talking with Lorraine Pirihi, from Relaunch your Life, about what is involved in selling a business and why it is imperative to start the process early.

Yes, that old chestnut. Start with the end in mind, regardless of how old the business is!

There’s much to consider, but the main takeaways are:

  1. Formulate your “A” team
  2. Understand timelines
  3. Be prepared to invest in accessing the specific skills sets you need to help
  4. Get the business sale-ready
  5. Be really clear what you’re going to replace the business with in your life…

If this is a conversation you want to explore further, feel free to contact me on dhall@businessbrokers.com.au

A transcript of the interview is ready to download also…

 

#Ateam: Board Members that make absolute sense for Small Businesses…

Brendan Lewis, writing for Smart Company, raises very valid points in his latest piece “Killer Boards for Small Businesses”..

Forget accountants, marketers and lawyers, you can buy their services as you need. Forget industry doyens and professional directors, they are unlikely to be anything more than a distraction to a small growing business. What you want as a small business is additional directors that can help you with one or more of the following four tasks:

1. Grow revenues.
2. Raise capital.
3. Get the right people involved.
4. Exit the business.

If they can’t help you with one of the above tasks through their existing networks and assets, they’re just wasting your time.

Agreed!
Please pay attention… Being a nice person is great, but it cannot be the only basis for such important decision making.

Enjoy the rest of the article…

Going out with a Boom Boom…PrimeTimers

The following recent article raises the question of Boomer spending, once they start spending post-workforce, and what that timeframe might look like. I’m sure it’s fairly typical of the held view in the market also. Only one thing missing is….

No mention of Boomer (or as I like to affectionately refer to them – PrimeTimers) Business Owners. What about those who are still toiling away in their own businesses, and are looking to EXIT over the same period. The Business Sale Tsunami is about to hit us allegedly. So what happens when the value they thought the business was worth is not what the market is willing to pay? Or if the business has not kept up with advances, in requiring an online presence for example, what then? What price? And then where does that leave their pseudo “Super”…

Business Owners beware… if you’re not preparing NOW for the SELL of your lifetime, then you may not end up in as good a place as you had expected, and dreamed of…

They might be still toiling but when they finally pull the plug, this generation will spend up big, writes Nicole Pedersen-McKinnon for TheAge.com.au.

Baby, the boomers are back! After having their retirement plans clobbered by the worst global downturn since the Great Depression, really the Great Recession, they are on the cusp of finally realising the life-after-work dream.

A staggering 46 per cent of boomers who are still toiling are doing so because of the credit crack-up, a study we conducted for the latest issue of our sister publication, Financial Review Smart Investor, has found.

But 31 per cent now expect to retire in the next five years, with almost another third in the five years after that. Their average age will be 64. To get to that point in this investment climate, though, they’ve had to make sacrifices beyond just delaying retirement. Twenty-eight per cent were forced to sell investments, probably at the worst time, and 18 per cent had to pull back on their lifestyle.

This is the first generation to retire with superannuation, which became compulsory in 1992, but that was too late and, thanks to the financial crisis, now far too little. A massive 78 per cent of boomers make additional contributions to redress their retirement funding shortfalls. So where will their money ultimately come from?

Read on

And don’t forget, there are also PrimeTimers who may also end up getting into Seniorpreneurship!
What I mean by that is, regardless of what Baby Boomers may have done in the past, they still want to continue to contribute. They don’t want to retire yet and nor do they want to work as they once did. So why not buy a smaller business, even online, and play to their hearts content.

Good idea?

Country Womens Association – a home-sponge yarn

Country Womens Association – a home-sponge yarn

CWA

Whilst I’m not a big sponge fan, I do have a high regard for the CWA (Country Womens Association). And the reason being, which is so well explained by Noela McLeod. “If someone comes to the table and you produce a cup of tea, they are going to stay. And if you give them something to eat, they will stay longer. The kitchen table is where all of the troubles are worked out. Neighbours’ disputes, financial problems, personal issues. And you know what? Men love a sponge cake, it’s not too sweet,” she explains with a warm smile.

“And if you bake them a sponge, the very fact that you have gone to your cupboard, taken flour out, given your time and your expertise to show someone that you care – the most basic act of human kindness is to show someone you care for them by baking for them. It is giving of yourself and your talent.”

Not a bad philosophy really is it!…
enjoy!!

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