Tag: Business

5 mistakes to avoid while buying a business

Here are five most common slip ups while a buying business.
1. Growing fond of a business, excessively – This is perhaps the most common of all mistakes in buying a business. Say, your targeted business is in a good location, makes good money, has experienced staff and has a decent reputation in the market. You think you finally found the business you were looking for. Well, you might just be a victim of love at first sight. Buying a business needs crunching a lot of numbers such as payables, loans, competitive analysis, business reputation, and so on. It’s wise to keep emotions aside and be financially astute while evaluating business alternatives.
2. Fail to assess correct synergies – Often it is a better choice to buy a business rather than starting from ground up. Assessing synergies is at the crux if you plan to buy a new business to make your existing business more competitive and profitable. For those who need the biz word translation, synergy means two or more things working together can produce more results than working individually. You will need deep analysis of venders, supply chain, business operations and so on. Seeking professional’s advice will go a long way.
3. Not doing enough homework –Often entrepreneurs fail to understand why the business is on sale. You need to dig in deep to see through the real picture. Compare the target business with others in its industry and try to ascertain its competitive positioning, check out what customers and venders say about the business. Get a 360 degree assessment of every potential business on your buying radar.
4. Relying too much on financial documentation – Watch out window dressing of the balance sheet. Engage a business valuation expert if needed or else you risk making such a vital decision on marshy grounds. It is strongly suggested that you get the contract terms in writing. Should there be a dispute in the future, you have the solid documentations to fall back on.
5. Not using an intermediary for negotiation – Negotiating the deal can be extremely stressful. Every nuance needs to be worked to the hilt. The legal jargons, terms of purchase, modus operandi of management processes and so on involves lot of time and can be overwhelming. This is where expert business brokers come to your rescue. Choose your business broker wisely and get maximum value of you money.
Business brokers will show you options that closely match your requirements so you are less likely to be compromise by limited choices. They have experience and are business astute to get you the best synergy with the targeted business. With their business valuators, you pay a fair price for the business acquisition. They have the expertise in documentation and so not even the minutest detail is evaded from the contract.
The property business is on the rise and so are property scams. You need right people by your side to keep from fake sellers and loosing out your money on illegitimate deals. It is suggested to hire a third party to represent you in the deal. You will be surprised at the benefits of engaging professionally trained business brokers.

One Business Brokers is a team of are professionally trained and highly experience business brokers. Based in Port Lincoln, Australia the company specializes in business consulting, business merger and acquisitions. Know more about it on http://www.youtube.com/watch?v=dC-89fAfYbU

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Buying a Florida Business

To sell or buy a business in Florida is not an easy task and can be quite daunting. The most important thing is the research and it requires lots of research to be done while making decision to buy or sell a property. Florida business brokers can be of great help for this task. They are well experienced people and they would lead you to the right way.

At present with the economy facing a down turning revolution it is the best time to buy or sell a business in Florida. Many business ends up to be on sale as they are not making any remarkable profits and their income is not equivalent to their outflow of cash. But remember this is not the reason behind the sale of every business. Many a times business is kept on sale by the owner as he does no have anyone to take care of and he wants to retire in life. Also relocation is a solution for this problem.

Current period is the best time to buy or sale a business and to step in to it first of all make sure what kind of business are you looking for. Research online about your desired business and you can do this online. Your options can vary from opening a hotel to opening a beauty salon. Also if you love kids you can very well open a daycare. Even they are available on sale.
First of all decide on which business are you looking to buy and then decide the locality where you want your business to set up. Talk to a Florida business broker. They are specially trained people to help you get the best business deals. To get the right business your way you need to follow many steps and a Florida business broker can ease all your steps.

Finance is one if the major problem for this. Plan a proper budget before you start searching for a business and discuss the budget with your broker so that he can get you the best deals. Once you are all settled with your finances Florida business broker would act as your complete guide regarding how to buy a business.

Once your financing is settled, your Florida business brokers can explain how to buy a business. They’ll meet with you and find out your interests. They can then be on the lookout for Orlando businesses for sale that fit exactly what you’re looking for.

Truforte Business Group is a licensed Florida Real Estate Broker who has over 50 years of business experience including start-up, management and ownership. For more Information Please Visit our Florida Business Brokers and Florida Business for Sale Website.

Take your best foot forward by planning for business startup funding.

Starting a business is a calculated risk that is weighed heavily in your favor with a proper plan. Without a plan, start-up businesses can lack the direction to get their business idea off the ground. The financing section of a business plan is a crucial area where potential investors will seek to ascertain the overall financial prowess and skill of the management. The information contained within the finance chapter of a plan might also result in conclusions being drawn on the absolute viability of the proposal and therefore perhaps the future of the venture. Without direction, the limited resources available to a start-up may not be utilized in the right areas.

Starting a business, no matter how small, requires a solid foundation. One also needs to gain substantial knowledge in finance, marketing, business planning, loans for business and market research, among other things. However, it would be fair to say that managing your business finances would be the most important.

Business plan involves lot many things but the most important among all is the planning for business funds. The amount of business start up funding you need will vary depending on the type of business you plan to set up. For instance, if you have staff to pay you will need to look at the real cost of hiring staff.

Nothing guarantees success; however, a plan is the closest thing you can get to a guarantee. Your business plan is a brilliant document that sets in motion a strategy for success that incorporates your greatest strengths and outlines a counterpunch to mitigate every risk–it considers the best- and worst-case scenarios.

So if you need money for your business, there are a number of business loan providers that will be able to assist you. There are different types of small business loans that you can apply for, depending upon the funding you require. With proper planning, your small business’s cash flow will surely be smooth. Applying for a typical loan in today’s economy is becoming more and more difficult. A typical loan involves many hurdles for a small business owner, with paperwork and a lengthy approval process, low approval rates, collateral and personal guarantees for security, fixed monthly payments, and restrictions related to use of funds. Loan proceeds can be used to buy tools, materials, and equipments needed to operate the business.

Depending on the complexity of the business financing and the amount of funds required for the start-up, the section might consist of one page, or at the other end of the spectrum, several hundred pages. It will also depend on your establishment costs and the amount of your own funds that you will be contributing to the business.

For hassle proof business start up funding and appropriate business financing options by visiting us at http://www.macrobusinesscapital.com/

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Knowledge and planning is the base of choosing best option for business startup funding

Starting a business and running it smooth is a challenge in itself. The task involves considerations to many aspects of business say, product or service it has in vision, the market competition to it, the resources to reach the objectives and most importantly the financial stability.

For all the above considerations an entrepreneur usually works on certain set of plans. Although the planning process may seem long and tedious now but it surely benefit him/her more than they could imagine in the future. For example, when they are seeking funds, when they are joining an association of professional or when their goals change or when their business changes or if they take on a partner or investor. The plan should be designed in such a way that it guides but not constrain the business goals. Among the many points covered in your final draft financial planning is one major point.

As a start up business owner one surely opts for personal funds and finances as the most handy and available source of business startup funding. The reason behind is to avoid the hassle of going through credit process available in the market. But using personal funds and finances not only decreases the solvency of your business, but by leveraging your personal credit, makes it difficult to obtain business credit down in the future. However, acquiring start up business credit is achievable. Many business owners find that working with a professional in the business development field increases not only the chances of lenders approving start up business credit, but many business owner see favorable terms on the credit granted be lenders.

By using start up business credit to fund a business, one can concentrate on present operations and allocate reserve funds to grow the business’s presence in the market. One just needs to surf around and see what the market has to offer you. One needs to understand the possible business financing options are available for your business.

It is not wise to out your personal assets at risk, for the sake of business. Surely, if you do not offer collateral to your loan and this means your loan is unsecured, there will be higher interest rates you’ll have to pay and most of the time the term of repayment is shorter. This is the drawback of an unsecured loan, while if you opt to make a secured startup business loan, expect to pay lower rates and there will be more flexibility which means a more extended period of repayment.

So whatever one choose as an option for startup credit, one needs to see through the business requirements and apply for such source of funding.

To get help for your business startup funding and hassle free process of business financing options visit us at https://www.macrobusinesscapital.com/

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Get a flamboyant beginning with business startup funding

Examining your financial situation is a crucial step to determining your cash needs for the start up process. Making a business plan marks the beginning of the project. Therefore the value of financial planning cannot be understated. It is an aid to driving business growth, maximizing the application of working capital, targeting the use of important resources. Emphasizing on the financial requirement and ways and means of repayment will help in procuring business loan financing. Unfortunately, due to budget, time or internal resource constraints, companies are often unable to enjoy the benefits derived from financial planning excellence.

There are several choices for financing sources but each carries its own opportunity cost. You may need a loan for only a portion of the expense requirements; remember that interest on any loans become part of expenses. It is not easy to procure a business startup funding .Collateral requirements and well laid-out business plan are the essential prerequisites for the loan. This sometimes takes a long time to avail a business startup loan. Since there is a lot of risk involved in lending to new entrepreneurs, banks are not in favor of it. Therefore, a lot of hard work is necessary to prepare the ground work for procuring a business startup loan.

Obtaining money refers to two separate processes; banks will likely not lend you the entirety of the sum that you will need to start your business. Banks and other financial institutions expect potential business owners to have their own money to put on the line, as well. In fact, lenders usually require that potential business owners put up as much as a third of the startup costs. This means that if you expect to need $ 100,000, $ 30,000 of your own money will be expected to be put into the business. If you don’t have that sum there are other sources to look to, in order to raise that money.

Loans so obtained can help in recruitment of manpower, expanding business, buying equipments and stationeries, renting office facilities and capitalizing on business opportunities. Every aspect of the business can be covered by business financing loan. The money can be used to finance the purchase or renovation of a building. Advertisement of the business can be done with the money. This can be done through flaunting banners, distributing business cards, starting a website or announcing on radio and television. It can also help to purchase new equipment and tools.

Thus a business startup loan can aid an entrepreneur in many ways. If you really believe in yourself and the business idea then this is a viable option but remember to proceed with caution at all steps.

Macro business capital funds understands your business startup funding needs and thereby provide you with all the viable options for business financing loan in a very prompt manner. For more info visit us at https://www.macrobusinesscapital.com/

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MBC funds: Providing an immediate access to your business financing.

People run business to earn benefits and to make all its resources to the full use. However, people due to increasing competition today, takes risks calculated for their business objectives. Here, money also plays an important role. Risk and crisis are an integral part of any business and the more apt you are at managing business crisis better is your chance to prosper. However to survive and recover from a crisis is the most important element required by any entrepreneur. Nature of the business is in two categories. They are new or seasoned business. Obviously the business finance depends on this nature. Whatever may be the type, the fact is there are profits earned and these profits are helpful for them to do some activities like buying machinery, tools, furniture, land, raw material, expenditures etc. This often helps them to develop their business as well.

Corporate finance is the other term coined for the taking aid from the government, in order to set your business. There are many banks in America who are willing to give loans on business schemes. Brokers’ agents and financial institutions are also there to help you and ready to explain you about the lengthy procedures for finance of a new business.

Under the corporate financing, there are two types of categories. These divisions are as follows:

* Long-term financing decisions – Capital investments are subjected for long term, whether to finance that investment with debt or equity. This scheme also pays dividend to shareholders.

* Short-term financing decisions – It can be grouped under the heading called Working Capital Management. This scheme deals with short-term balance of current liability and current assets.

Loans also play a vital role in business financing. The types of loans are secured or unsecured loans. It is the choice of the borrower to select according to their requirement. These are also a big credit to the borrowers to improve their business in their own ideas and thoughts as well. Secured is for those who want to enjoy larger loaned amount and other attractive features. But there is a condition, for enjoying this as one has to place valuable collateral against the loaned amount. In most cases, the loan providers would insist on maintaining a minimum debt-equity ratio to safeguard amount lent. These restrictions can severely handicap the entrepreneur’s ability to overcome the crisis and utilize the fund to his maximum benefit.

For the borrowers who are interested for small amount, they can opt for unsecured business finance. Here there is no need for the borrower to place collateral against the loan amount at all. The main focus in this scheme deals with short-term balance, short-term borrowing and lending. Competitive rate interest is provided for unsecured business finance. The major feature of these business credit loans is the absence of any tax return statements, financial statements or collateral. In addition, these financial institutions also don’t demand the business plans. They mostly concentrate on the elimination of the unnecessary time wastage on the arrangement of such documents.

Macro Business

It is not easy to find business loans lender that abides by your needs. In fact it is investments in itself.MBC funds are the best portal for business finance newyork which avails easy application process for business credit loans.

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Web Design Business for Beginners(2016): Start a Web Design Service Business Even Without Code Knowledge or Any Experience Whatsoever

Web Design Business for Beginners: Start a Web Design Service Business Even Without Code Knowledge or Any Experience Whatsoever

Make money online with your new home based business

You'll learn how to sell web design services even if you don't know how to code

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IB Technology – Business Solutions, Technology Consulting, Technology Services

IB Technology Solutions Inc (IB Technology) is business solutions, IT consulting and IT Services Company. It is a part of the Indiabulls group of companies (Net worth USD 4 Billion). The group achieved a Profit after tax of USD 225 million in the last financial year. All the group companies are well funded and occupy leadership positions in their respective business areas. IB Technology aims to become one of the top 10 players in the software services business in the next 5 years. Our expertise spans across a diverse range of offerings such as Application services, Independent Testing Services, Business Process Outsourcing, Infrastructure Management Services, and Mobility Solutions. We have deep business expertise in the domains of Financial Services, Capital Markets, Real Estate and Telecom.

IB Technology’s unified implementation framework is the medium that allows IB Technology to align completely with the client’s business requirements and to provide solutions that are robust, secure and goal oriented. This unique framework has helped IB Technology in implementing solutions successfully across industries and geographies. The framework creates a Person to Person mapping between our onsite consultant and offshore delivery manager to ensure that business needs and the project delivery are totally integrated. The onsite and offshore teams are integrated through the shared infrastructure. The offshore team is always available through multiple mediums such as Skype thus ensuring complete connectivity. The framework eliminates the traditional “Throw over the wall” approach and ensures that the customer expectations are met in all deliveries. This focus on total integration ensures risk mitigation, quick response and success at all levels.

Your technology decisions need to serve your business goals to deliver value. You need to entrust your technology to a partner who is not focused on bringing down you short term costs through cost arbitrage but is more focused on maximizing the total return on your IT investments. IB Technology has served as the IT backbone of various large enterprises. We help you to implement technology solutions that make your operations and service delivery more efficient. IB Technology always focuses on ensuring complete integration with the client needs to ensure risk mitigation, quick response and success at all levels. Our value proposition is based on superior solutions through business innovation rather than only cost arbitrage. Our core focus is on delivering long term value for the customer rather than only on short term cost savings. Clients across the globe have utilized our services to use IT as a strategic tool for long term competitive advantage.

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Starbucks Gives Up On The Teavana “Tea Bar” Business

Spencer Platt / Getty Images

Starbucks once saw a massive future selling tea in the U.S. It acquired tea retailer Teavana in 2012, and in October 2013 opened its first Teavana Tea Bar. “Tea presents a $ 90 billion global market opportunity, and we are excited to celebrate the first retail example of how our two companies are coming together,” said Starbucks CEO Howard Schultz during the launch.

Now, just 27 months after opening the first of five brewed tea outlets, Starbucks is largely abandoning its tiny chain of standalone tea bars. The company announced on Friday that it will convert the three Teavana tea bar locations in New York into Starbucks stores by the end of April. It will close its Beverly Hills location. Only the Seattle location will continue to operate.

While Starbucks just reported record revenues in its most recent quarter, today's announcement reflects the coffee giant's setbacks growing its other smaller brands. Maybe Americans just aren't that excited about tea, even when it comes endorsed by Starbucks.

Teavana isn't the first retail operation Starbucks has abandoned. In July, the company announced that it was closing all 23 La Boulange stand-alone locations and the two manufacturing facilities that serve those them (La Boulange baked goods are still served in Starbucks cafes).

Starbucks also closed its Evolution Fresh retail location in San Francisco, but kept three stores open in Washington.

Howard Schultz, CEO of Starbucks, and Oprah Winfrey visit the Teavana Fine Teas + Tea Bar in New York in 2014.

Kevin Mazur / Getty Images

There are still 350 Teavana shops that sell packaged teas and gift sets, and the brewed teas are also offered in Starbucks cafes. “Focusing our investments on bringing an up-leveled tea experience to our customers through Starbucks stores and our Teavana specialty stores will allow us to reach more customers through our broad footprint,” said Teavana spokeswoman Alisa Martinez in an email.

This of course, was not the plan. Starbucks was betting on a large and growing population of American tea drinkers to support the expansion of the tea bar concept.

“The Teavana Tea Bar is a critical first step for us to meet the needs of tea drinkers everywhere by providing a place where tea enthusiasts and casual tea drinkers alike can learn about, enjoy and share in the tea experience,” said Cliff Burrows, Starbucks group president for the U.S., Americas, and Teavana in 2013.

It's possible that Teavana tea bars might find a more eager tea-drinking audience in China, Starbucks' second largest market, where Starbucks is expecting much growth in the future. If the tea chain does open in China, however, it will be far from the only tea shop around.

Spencer Platt / Getty Images

Starbucks Is Closing Its La Boulange Stores — Can Its Other Brands Survive?

One In Six American Adults Got A Starbucks Gift Card For The Holidays

BuzzFeed – Business

Sony Pictures’ Business Secrets Revealed In Hack — Yep, “Seinfeld” Is Still A Cash Cow

The massive data leak includes intricate details on television syndication and movie licensing deals. From a commercial standpoint, it’s a nightmare for Sony.

Sony Pictures / Via sonypictures.com

The vast trove of internal data hackers took from Sony Pictures Entertainment isn't just a nightmare for its employees, whose deeply personal information was made public. It also revealed intricate details about Sony's business, including syndication contracts and movie licensing deals, which could have huge ramifications for the company's shareholders and business prospects.

Included among the leaked files, for instance, is a signed document between the company and television station owner Tribune Broadcasting. It details a syndication deal between the two companies for the sitcom Seinfeld, and calls for Tribune to pay Sony Pictures $ 37,500 per week over the next three years to air the show on nine of its stations.

That's a total of $ 5.85 million to air a show that broadcast its last original episode 16 years ago and is now on its fifth syndication cycle, meaning Sony has negotiated deals similar to this four times prior. Another document details a similar deal with the CBS-owned television station in Seattle, under which Sony will collect $ 4,500 per week for the next three years, or $ 702,000 total, for that one station alone.

The leak includes hundreds of similar contracts, for shows like King of Queens, The Dr. Oz Show, and All in the Family, dating back to at least 2008. Also contained in the leaked documents are details of how Sony Pictures bundles and packages movies for licensing.

It is, in short, a veritable commercial nightmare for the company.

The documents don't just shed light on the arcane and opaque world of television and movie licensing deals. They also give Sony's counterparts on both sides of the negotiating table — the potential buyers for its shows and films, as well as other production houses trying to sell their content to those same people — a glimpse into how Sony prices, markets, and structures its contracts. The leak has essentially eradicated any leverage Sony may have had over potential buyers and competing sellers in licensing deal negotiations.

It's as if Sony showed up to the poker table holding its cards facing the wrong way.

When asked about the documents and their authenticity, a Sony Pictures representative declined comment.

AP Photo/Sony Pictures, Niko Tavernise

This hurts particularly because television and movie studios, much like record labels, rely on their back catalog of content to generate steady and recurring cash flow to offset the hit-and-miss nature of the business.

Owning hit shows and movies such as The Blacklist, Shark Tank, 22 Jump Street, and Spider-Man gives Sony the ability sell into any distribution channel, from pay TV and on demand to broadcast TV and streaming. The more hit shows a company owns, the more easily they can bundle them with the duds and sell them as a package. The quality of the library serves as both a bargaining chip and a highly lucrative annuity.

For example, one Excel spreadsheet contained in the leaked files details 10 different movie bundles Sony was shopping. Each package was listed under a “product group” — among them “Showcase VII,” “Sony Classics,” and “Sony Pictures Elite” — and contained a select number of movies from a specified date range that would run for an approximate number of times before the term expired. Each entry also included some sales copy describing the bundle.

One such bundle is called “Broadcast Favorites II” and included 41 movies ranging in availability from July 2009 through July 2010 that each had licenses of no more than two months and could be run between two and four times.

The sales copy for that bundle read: “This package is anchored by many of Sony's recent hits, including The Covenant, Crossover, and Gridiron Gang. With genres ranging from action to drama to comedy to romance, this package includes classics such as both My Girl films, newer releases such as Stranger Than Fiction and Reign Over Me and holiday themed films such as The Nuttiest Nutcracker. Big names such as Tom Hanks, Denzel Washington and Bruce Willis are prominent throughout the package.”

Bundling has, of course, been a big topic of conversation in the media industry this year. On the network side, more and more blackouts of channels such as CBS and CNN and MTV are occurring as pay-TV distributors fight back against onerous licensing fee increases and the packaging of higher-rated channels with lower-rated ones by network owners. Part of the reason Comcast is spending $ 45.2 billion to acquire Time Warner Cable and AT&T is paying more than $ 60 billion to buy DirecTV is to increase their leverage in these very negotiations.

At the same time, the rise of on-demand viewing and streaming services such as Netflix, Hulu, and Amazon Prime has given way to an unbundling of shows from the channels that air them. Consumers no longer need to subscribe to a pay-TV distributor to get AMC if all they really want to watch is Breaking Bad, which they can do on Netflix if they are willing to wait.

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BuzzFeed – Business

Uber CEO: Obamacare Has Been “Huge” For Business

Health care frees drivers from “The Man.”

Handout / Reuters

The CEO of Uber said Friday that Obamacare has played a crucial role for his army of drivers, an unusual, partial endorsement of the president's signature policy from a man often cast as a hero of anti-government libertarianism.

BuzzFeed News reported in October that the new, subsidized market for health care has been a boon to companies like Uber, which are essentially digital middlemen relying on armies of independent contractors. Figures ranging from Uber drivers to Obamacare architect Jonathan Gruber called the health care overhaul crucial in the emergence of the sharing economy, but Uber had remained officially silent on the subject until Friday.

“It's huge,” Travis Kalanick, Uber's CEO and co-founder, said in response to a question about Uber and Obamacare at a dinner in Manhattan. Kalanick didn't comment on the specifics of the health care policy, but said he sees little sense in the traditional link between employment and health care; he said he believes all Americans should have access to some health care safety net, without losing the option of paying more money for private care.

And he said the success of Obamacare's core goal — creating a functioning individual market for health care — is very much in sync with Uber's vision of a liberated work force.

“The democratization of those types of benefits allow people to have more flexible ways to make a living,” Kalanick said. “They don't have to be working for The Man.”

Uber is vastly the largest and most successful of a new wave of sharing economy companies, adding 50,000 new independent contractors to its platform nationwide every month, and Kalanick's endorsement comes as a new Republican Congress feels its way on issues touching both tech and a health care policy many of its leaders have sworn to repeal.

BuzzFeed – Tech