Steps To Selling Your Business

Part of being a serial entrepreneur is starting businesses, achieving growth, selling the business for a big profit, and doing it all over again. But what if you are a beginner, what steps do you take to ensure that you get maximum amount for your business? The most common reason people sell businesses is to get money in their pocket. Keep in mind that timing, and the state of your business impacts the sales price. Taking the following steps will ensure that your business is sellable, and that you get top dollar for it: Solid Business Model & Sustainable Strategy, proper Financial Records, high Cash Flow, good Employee Relations, no Impending Lawsuits, good Reputation.

Someone buying a business has a long-term horizon in mind, and therefore seeks a businesses that rests on solid ground, that offers long-term growth with a high probability of returning back a good rate of return on their invested capital. The shrewd investors will have the wherewithal to determine whether your business model is sustainable, so it is important to that your business encompasses a solid structure. Some of the best business are the once that anyone can run, some investors purchases business as an investment, they are not necessary looking to take over the day-to-day management.

There are varying degrees between investors, however sooner or later they all conduct a due diligence of your business prior to committing to a purchase. They review your financial statements, verify the accuracy of your finances, require forecast reports, review the management structure, review insurance policies, look for impeding lawsuits, they review contracts that the business has in place, and learn about the methods in which you provide your services to generate revenue. What they are after is to see if the business has any vulnerability that can cause issues once they have made the acquisition.

Verifying your financials gives the investors’ confidence that your business has a model that can generate revenue, forecasting will help them determine long-term sustainability that can sometimes be validated by past performance as long as the fundamentals of your business remain unchanged. A business that has a good reputation translates into great growth prospects. Stressing current financial performance to an investors sometimes will not be as effective as stressing the growth potential that the business has. You as the business owner need to have a clear and concise way of demonstrating and communicating this potential to the investor.

The last thing to remember is the importance of cash flows the business generates, and how they will have higher weight on determining the price of the business than anything else. Investors want to see a decent rate of return on their money, and a quick payback period. Given that cash flows will hold higher weight on the price of the business, it is important that your business is generating optimum cash flows. Make no mistake, that a business with $100 million in revenue vs. a business with $10 million in revenue which both generate $1 million in cash flows without any growth prospective are likely to be worth the same price if the business is valued by strictly using cash flows as the basis of the valuation.

Guidelines for Weight Loss Goals

Are you a rebound dieter? Are you constantly trying to lose weight but fail in your fitness efforts? Perhaps your weight-loss journey has just begun and you want to ensure success at the weight loss game. Setting a solid foundation for a healthier lifestyle through weight loss takes dedication with purpose. The following six tips will maintain your motivation so you can share your success story about changing your body and how you were able to reveal the fit and fabulous you. Importance of Goal Setting, regardless of how you envision the better version of your body, goal setting is necessary for success. You can shrink your belly fat by increasing your metabolism and improve your health if you set attainable goals. The benefit is you will also improve the look of your body after your healthy habit become rituals.

Keep in mind, change has to happen in your mind first. Dedicate yourself to change and your actions will follow. Results will eventually be visible in a slimmer, stronger version of you. Goal setting is important to a sustainable healthy life style. Research reveals people experience greater success if they combine long-term and short-term goals for healthy weight loss. Be reasonable with yourself and stay dedicated. This way you will stay in action long enough to see and change and gain momentum from visible results.

Trade in the Scale for a Measuring Tape, trade in the scale for the measuring tape. A decrease in inches is more motivating than a decrease in the numbers on the scale. Set goals specific goals to decrease your measurements. For instance, “lose one inch from my waistline in one month”. Create a body map to maintain an accurate record of progress. A body map is a record of your measurements of your body. A body map allows you to set specific goals. Draw a simple stick figure, or you can find one online. On this stick figure record at least these four measurements: neck, waist, belly, and hips. You can add more measurements if you want to really see results one inch as a time. Record these measurements monthly on the same body map.

Set Appropriate Objectives, using a fat reducing plan just for vanity’s sake is less helpful psychologically than losing weight to improve health. Many people want to make changes for the reason of wearing smaller pants. This goal lacks a purposeful reason for your actions. Build your weight loss goals around meaningful reasons supported by your belief system. Your goals must be attainable and logical with respects to your life. Your life is unique and so your plan must be tailored to your needs. Of source you must include the logical: Good nutrition and increased exercise. But the key is making every desired change one small step at a time. Avoid intimidating yourself with goals that are out of reach. Small incremental changes developed on the foundation of purposeful reasons are more effective than lofty goals that remained dreams.

Focus on Doing, Not Losing, rather than telling yourself you are going to lose 2 pounds this week, quantify the amount of time you’re going to dedicate to exercise this week. Be specific down to the minutes. Or specifically outline what exercises you will be doing and how many repetitions you’ll be doing. This would definitely make up of a sensible weight loss plan. Manager activity level and focus on your actions so weight loss becomes a byproduct of your focus.

Proper Planning For Weight Loss Success

The trite, overused phrase ‘if you fail to plan, you’re really just planning to fail’ could never be more true when it comes to executing a successful weight loss program. The most important place to start is determining how much weight you want to lose in a given time period so you can have realistic goals to shoot for. While many people have in their minds a certain amount they want to lose, it may not be possible in the amount of time they’re willing to diet for. This can be figured by a calculation taken from your body fat percentage. Before starting any weight loss program, get your body fat measured by a qualified professional so you know how much fat you actually need to lose. Once you know this, you can set realistic goals and expectations. For mental and physiological health reasons, do not try dieting for longer than 12-16 weeks at a time. Depending on your muscular tone, physical conditioning, body type and several other factors, you can expect to lose 6-20 pounds of body weight in the first 3-4 weeks of any correctly designed nutrition program. Beyond this, a reasonable goal is to try to lose 2 pounds/week for the remainder of the time.

This means a realistic weight loss goal is between 30-40 pounds in a 3-4 month period. If you have 100 lbs. to lose for example, you will need more than one nutrition program to reach this goal. If you need more than one diet program, do not plan on doing one right after another as you will have diminishing returns. For large amounts of weight to lose, string several diet programs together with short breaks in between. For example, if you have to lose 100 lbs., plan on doing so with three 12 week programs spaced 10 days – 2 weeks apart. To accomplish this, take a break from low calorie eating during the down times however continue to eat the food on your diet, just in larger portions. Expect to put on 5-8 pounds in between diet plans and account for this in your overall weight loss strategy. If you need several diets like this to achieve your goals, sketch out the big plan on a one year calendar but only worry about details of each program as you’re getting ready to execute it.

Once you’ve decided how long your program will be (or how many programs you may need), the next most important planning step is the actual diet. No matter which guru you choose to follow, the best advice is to write down your eating plan before you start. Do not start your weight loss program without a written map to follow or you will veer off the course. Whether you’re eating three pre-made microwave meals plus a delicious shake, counting points with an app on your phone or following a bite by bite menu, write it down before executing. Writing down your diet menu will take all the guesswork out of what to eat, when and how much. While this step may take some time to accomplish, if your plan is correctly put together with the right foods and quantities, it will nearly guarantee your success.