Once again I had the good fortune to talk with Lorraine Pirihi about the importance of productivity and profit in your Business, highlighted by the 6 steps Lorraine often coaches by.
A snippet of the gold contained in the below recording and transcript goes as such:
“Quite often you’ll hear in the housing market about growth or cashflow. Business actually abides by similar rules. There’s growth and there’s cashflow. A lot of small business, especially if they intend to stay smallish business, need to concentrate on the cashflow aspect. Because unless you’ve actually got a plan to grow and go world domination – there is an element of growth that needs to be in there to maintain the cashflow, I get that – but they’re actually two different types of strategies. And cashflow, especially if you’re a solopreneur or if it’s a lifestyle business or it’s a second income or if it’s one that you don’t want to bust your chops running; then the logic has to be that it is cashflow based.”
PODCAST: 6 Steps to Boost Your Productivty and Profits with Lorraine Pirihi by Denise Hall on Mixcloud
Read all about it here…
Is Your Brand Missing the Mark with 60% of U.S. Consumers?
By Paul Jankowski Published Feb. 18, 2015
“There’s one part of the country where, I think, many brands are completely missing the mark: it’s what I call the New Heartland. It’s made up of the Southwest, Midwest, and parts of the Southeast and is home to 60% of all U.S. consumers. It’s a massive and influential cultural segment that is largely misunderstood and underserved by advertisers—and a huge opportunity for brands willing to make the effort.
So how do brands effectively reach the New Heartland?”
Read all about it at ChangeThis.com
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
Taking Care of Business – How To Successfully Buy A Business (or Start Your Own)T by Denise Hall on Mixcloud
A most interesting show last Friday on “Taking Care of Business rpp.fm” with Jackie Mitchell.
Not only did we discuss the initial thoughts processes around Buying a Business, we also talked Customer Service with a local and a national award winners. Most thought provoking and well worth a listen.
Be my guest.
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
WANTED: BUSINESSES TO SELL!
Why, because we have buyers!
Yesterday I attended a funeral of a mother of a dear friend of mine.
Always of time of sadness and reflection…
Given the amount of grief experienced again today, I can’t help thinking about the poor families of business owners who have not done anything about their business affairs before they fall off the mortal coil, leaving it to their family to clean up. “Take me out in a box”, they say.
SO NOT SMART OR FAIR.
With the family grieving, the last thing they want to have to deal with is a business they most probably have no interest in. Lets face it, if they were going to be interested, they would have done so well before the fateful day. And the longer the business is left without being tended will mean the value drops away at a fairly rapid rate. Not good for selling purposes, at all.
Seriously, do something about the business before the owners are gone.
If you cannot, then call a broker just as soon as you can and have them get it sorted for you as soon as possible.
As the business probably forms part of the estate, the sooner it is sold the better the outcome will be for all, financially at least.
GOT A WEBSITE FOR SALE?
If you want to sell a website or you’re looking to buy a website (excellent bolt-on possibilities), please email me at firstname.lastname@example.org
If any of the following tickle your fancy, please email me at email@example.com, letting me know which one it is…
BS53 Balloons! and all that goes with them…
In the process of shutting this one down, unfortunately.
BS59 Niche Service Provider in Building Trade
via Sellability Score.
Waiting on the 2014 numbers done and then it’s good to go to market. Owner on holiday!
BS60 Advertising and Events agency
(via Sellability Score)
New premises locked in. Design of fit out done. Revenues increasing all the time. Excellent buy waiting to be snaffled up.
BS72 Niche Bookseller and Training Provider
The owner has changed their mind. Sadly, it looks like this will be taken off the market…
Due diligence happening now.
3 meetings/phone calls next week:
- spa therapies (waiting on information)
- software provider (waiting on meeting date)
- drinks (waiting on information)
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!