by theEmother | Feb 19, 2013 | build a Mother of a Business, business ideas & thinking, Buy a Mother of a Business, EXIT execution, Finish Unfinished Business, growth by acquisition, Sell Your Business, SELL your Mother of a Business, the business model
It happened again today.
I’m at a meeting with one of my trusted colleagues and she advises that a close connection of hers has money to spend and then proceeds to supply the shopping list! Quite specific? Yes. Makes it much easier to know, when one fits criteria, who to call doesn’t it!
This is just another in a growing list of interested parties in, what appears to be, an increasing reemerging trend of growth through acquisition.
Many more businesses are realising that in order to grow quickly (over a year for example), buying another business is probably the quickest option. Sure, it presents its own challenges but… the difference to the numbers in a very short time frame is well worth the effort.
The same applies to first time buyers as well. If you want to walk straight into a revenue producing position from Day 1 then buying an already established business is the most likely way of doing so.
You know how they say when talking home renovation “live in it for 12 months first before you renovate, so you really know how you want your home to work”… buying a business is no different. Work in it for 12 months to really get a handle on how it works an d then look at rolling out your grand plans.
Whether you’re looking to acquire or buy, no matter, determine your shopping list and then talk to the people who have the relationship with the seller. That’s as hard as it needs to be…
by theEmother | Feb 18, 2013 | build a Mother of a Business, business ideas & thinking, EXIT execution, Finish Unfinished Business, Online Strategy incl. www, Sell Your Business, SELL your Mother of a Business, the business model
Had a 5:30 meeting today between a seller and a potential buyer. Thought this will be OK, out by 6:30 max, no problem.
7:30, still standing in the street with potential buyer, attempting to ask more questions…
aaaarrrggghhhh
Got to thinking, why this was so?
Was the Information Memorandum not detailed enough?
Was the potential buyer not prepared enough?
Neither of these are the case. In fact, there was probably too much detail and prep!
What it is… a potential buyer, who as an experienced buyer at that, is looking to buy into a market he does not understand.
Actually, let me be more specific. It is not the whole business he does not understand, it was only part of the business, ie the Online component. He knows its a market he should be playing in but knows enough about it to b e dangerous!
I envisage a whole lot more questions to come yet…
Business Owners, soon-to-be past or present, you must have a handle on Online and how it impacts your business.
If you have not started this journey already, please do so now…
by theEmother | Feb 1, 2013 | build a Mother of a Business, business ideas & thinking, so you think you're in business, the business model
As a growing number of consumers jump on the Pinterest bandwagon, the opportunities to use the social-media site for business have grown exponentially.
Pinterest recently launched business accounts, allowing users to define their accounts as businesses or brands, and the possibilities for using the site to promote your business, book or product are becoming significant.
If you’re interested in getting started on Pinterest, but don’t know where to begin, consider the following ideas for boards that can help build your brand… click here
by theEmother | Jan 25, 2013 | build a Mother of a Business, business ideas & thinking, Finish Unfinished Business, so you think you're in business, the business model
Aside from appreciating the way Liam Black talks, what he says is very sensible and Real. DO #thinking as suggested in this article and you’ll be so much the better for it…
Over the course of his career, Black has observed a handful of recurring errors that have, at times, prevented him and his fellow social entrepreneurs from achieving real impact. He calls them the seven deadly sins of social enterprise. Find out all about them, read more…
by theEmother | Jan 11, 2013 | build a Mother of a Business, business ideas & thinking, Online Strategy incl. www, so you think you're in business, the business model
Good learning here #BusinessOwners… note to self: thoroughly think through#OnlineStrategy rollout and execution…
Every experienced social media manager knows that social media can be unpredictable. Sometimes, you expect one kind of response from your social followers, but get something completely different instead. As a result, we have social media campaigns that go viral in the blink of an eye and online campaigns that turn total failures (see the infographic) and even cause quite a damage to the company’s reputation.
But not everything is unpredictable in this life, of course, and certain conclusions can be drawn from other people’s so called social media fails. Live and learn, as they say! read on…
by theEmother | Jan 4, 2013 | build a Mother of a Business, business ideas & thinking, Finish Unfinished Business, so you think you're in business, the business model
Given this time of year, with its ever-increasing pace…
how well have you looked after the people you serve? Really?
Could you have done better?
What will you do better?
“Truly understanding how you are perceived by your customers is pivotal to growth and development. One path to achieve this, is making the commitment to become “brutally” customer-centric. This requires exploring your customer’s journey – and gathering information about key “touch points” along the way. What do your customers really think of your sales organization? Product offerings and processes? Your level of service? You may be completely surprised to hear what your customers are really thinking (and experiencing) – and we can learn so much from them.”
Read on… https://www.linkedin.com/pulse/20121207153333-128811924-it-s-not-about-you-it-s-about-your-customers
