POCKETTACORDIO
You Are Here

Category: Business Owner

Common Mistakes to Avoid When Selling Your Business

Common Mistakes to Avoid When Selling Your Business

 

When it comes to selling a business, it can be a complex process with various potential pitfalls. Unfortunately, many business owners fall into common mistakes that can have a significant impact on the sale price and overall success of the sale. As Orlando Business Brokers, we’ve seen these mistakes firsthand and are here to help you avoid them. In this article, we’ll explore some of the most common mistakes that business owners make when selling their businesses.

 

Mistake #1: Not Preparing Your Business for Sale

 

One of the biggest mistakes business owners make when selling their business is not preparing the business for sale. It’s essential to ensure that your business is in good shape before putting it on the market. This includes reviewing your financial statements, making any necessary repairs or upgrades, and ensuring that your legal and regulatory compliance is up to date.

 

List of things to consider when preparing your business for sale:

  • Review financial statements and make sure they are accurate and up to date

  • Make any necessary repairs or upgrades to your business

  • Ensure that all legal and regulatory compliance is up to date

  • Consider hiring a business broker to help you with the sale

 

Mistake #2: Overvaluing Your Business

 

Another common mistake business owners make when selling their business is overvaluing their business. Overvaluing your business can lead to a lack of interest from buyers and may result in the business staying on the market for an extended period. It’s essential to work with a business broker who can help you determine the market value of your business and set a realistic asking price.

 

List of things to consider when valuing your business:

  • Work with a business broker to determine the market value of your business

  • Research similar businesses that have sold in your area

  • Consider the current economic climate and market trends

  • Be willing to negotiate the sale price with potential buyers

 

Mistake #3: Not Having a Plan for After the Sale

 

Many business owners focus on the sale of their business and forget to plan for what they will do after the sale. It’s important to have a plan for your future after the sale, whether that means starting a new business, retiring, or pursuing other interests.

 

List of things to consider when planning for after the sale:

  • Determine what your goals are after the sale

  • Consider your financial needs and how the sale will impact your finances

  • Think about what you will do with your time after the sale

  • Consider hiring a financial planner to help you with post-sale planning

 

Mistake #4: Not Being Honest About Your Business

 

Another common mistake business owners make when selling their business is not being honest about their business. It’s essential to be upfront and transparent about any potential issues with the business, as buyers will likely uncover them during their due diligence process.

 

List of things to be honest about when selling your business:

  • Any financial or legal issues with the business

  • Any pending lawsuits or legal action

  • Any potential environmental issues with the business

  • Any pending or potential regulatory issues

 

Mistake #5: Not Working with a Business Broker

 

Finally, one of the most significant mistakes business owners make when selling their business is not working with a business broker. A business broker can help you prepare your business for sale, determine the market value of your business, market your business to potential buyers, and negotiate the sale price.

 

List of benefits of working with a business broker:

  • Assistance with preparing your business for sale

  • Help with determining the market value of your business

  • Assistance with marketing your business to potential buyers

  • Assistance with negotiating the sale price

 

Conclusion

 

Selling a business can be a complex process, and there are many common mistakes that business owners make when trying to sell. By avoiding these mistakes, you can ensure that your business sale is a success and that you get the best possible price for your business. To avoid these mistakes, it’s important to prepare your business for sale, value it appropriately, have a plan for after the sale, be honest about any potential issues, and work with a business broker.

 

…

Protecting Your Asphalt Parking Lot Investment: Why You Need the Expertise of an Asphalt Repair Company

As a business owner, your asphalt parking lot is a vital investment. It’s the first thing your customers see when they pull into your property, and it’s crucial for ensuring safe and easy access to your establishment. Unfortunately, over time, even the best asphalt paving repairs can suffer from wear and tear, which can lead to issues such as cracks, potholes, and other damage. To protect your investment, it’s crucial to work with an experienced asphalt repair company.

The Importance of Maintaining Your Asphalt Parking Lot

Your asphalt parking lot is exposed to the elements 24/7, 365 days a year. It must endure rain, snow, ice, heat, and even heavy traffic. Over time, the wear and tear on the asphalt can cause cracks, potholes, and other types of damage. These issues not only affect the appearance of your property, but they can also pose a safety hazard to your customers and employees.

 

Regular maintenance of your asphalt parking lot is essential for extending its lifespan and preventing costly repairs in the future. Simple tasks such as sealcoating, crack filling, and pothole repair can help to keep your parking lot in top condition for longer.

Common Issues with Asphalt Paving Repairs

While regular maintenance can help to prevent damage to your parking lot, it’s essential to work with an experienced asphalt repair company to fix any issues that do occur. Some common problems with asphalt paving repairs include:

 

  • Inadequate preparation: Proper preparation is crucial for ensuring a successful repair. If the area is not cleaned and prepared correctly, the repair may fail.

  • Poor quality materials: Using low-quality materials may save money in the short term, but it will lead to more extensive repairs and replacement in the long run.

  • Incorrect application: Applying the materials incorrectly can result in uneven surfaces, which can create a tripping hazard for pedestrians.

Why You Should Hire an Asphalt Repair Company for Your Parking Lot Maintenance

Working with an experienced asphalt repair company is crucial for ensuring that your parking lot is in top condition. Here are a few reasons why you should consider hiring a professional for your parking lot maintenance:

 

  • Expertise: Asphalt repair companies have the experience and knowledge necessary to identify and fix any issues with your parking lot.

  • Quality materials: Professional asphalt repair companies use high-quality materials that are designed to last, ensuring that your repairs will last for longer.

  • Efficient repairs: Professional asphalt repair companies have the equipment and expertise necessary to make repairs quickly and efficiently, minimizing disruption to your business.

Finding the Right Asphalt Repair Company for Your Needs

When it comes to finding the right asphalt repair company for your needs, there are a few things to consider. Here are some tips to help you make the right choice:

 

  • Look for experience: Look for a company with a proven track record of success and experience in the industry.

  • Consider pricing: While price should not be the only factor, it’s essential to find a company that offers competitive pricing.

  • Check for licenses and insurance: Ensure that the company you choose has the necessary licenses and insurance to perform the work.

  • Ask for references: Ask the company for references and check online reviews to get an idea of their reputation.

Conclusion:

Your asphalt parking lot is a vital investment, and it’s essential to protect it by working with an experienced asphalt repair company. By investing in regular maintenance and timely repairs, you can extend the lifespan of your parking lot and ensure the safety of your.

…

Interested In Woodworking? Get Started Today With These Simple Tips

Woodworking is not a common skill. But for those inclined to enjoy working with this medium, the rewards are endless. If you are a person that enjoys working with wood, or just have a project in mind, read the advice contained in this article. These tips will help you understand and learn more about woodworking.

Reusable sanding blocks save you time and money. To make them all you need is a few pieces of scrap lumber. Cut a piece of 2×4 into a rectangle approximately 2 inches wide and 4 inches long. Cut a piece of sandpaper the size of your block. Then, spray one side of the piece of lumber with spray adhesive and adhere the sandpaper to the block of wood.

Tape can be your friend when gluing stained wood together. Place the two pieces of wood together in a clamp and tape the seam before applying the glue. Carefully cut the tape along the joint and then separate the two pieces of the wood and apply the glue along the joint. Clamp together and allow to dry. The tape will keep the glue off the wood and is easy to remove once the glue is dried.

When sanding a piece of lumber, beginning with a coarse sandpaper. Remove the excess dust from the lumber. Then, once the largest scratches are removed, sand again with a smoother sandpaper. Follow this sanding with a tack cloth. Continue using smoother sandpaper until the lumber feels smooth when you run your hand across it.

Never skip sanding when it is necessary or think that staining hides imperfections in the wood. Wood with scratches, dents and nicks absorbs much more finish or stain than wood that is smooth. When you skip sanding or do not do a thorough job of it, the imperfections stand out even more because of the increased absorption.

Whenever you start a new project, consider involving a wood you haven’t used before. It can create an entirely different look and feel for the item, plus it gives you experience with something new. Research how to work with the new wood so you can understand how it functions.

If you are trying new skills, make sure that you practice on some wood that has no value, like some scraps. You don’t want to waste an expensive piece of wood before you know exactly what you are doing. Once you have mastered your new skills, you can move to a better piece of wood.

Plan out your project and go over it a few times before you start. This will help prevent you from making mistakes that will ruin your project. You do not want to start it all over again, so plan it out well before you cut, screw or nail anything together.

You can see that woodworking is a very diverse skill. It takes skill to make items like baseball bats, bookshelves, bowls or a multitude of other wood projects. Don’t feel like you must be greatly talented to work with wood. With the right ideas like this article showed you, you can be creative and successful when working with wood.…

Smart Mobile Marketing Tips For Your Business

Mobile marketing is a relatively new type of advertising. It is no longer the preserve of large organizations. Now, anyone can get involved, and reap big benefits. Check out these great tips.

Personalize your messages. Use the subscriber’s name and make sure the platform you use can inset the person’s inputted information into the message. Having personalized messages helps improve your relationship with your customers. You have only 160 characters and the person’s name is included, no matter the length. Try keeping your messages short when you personalize them.

Make sure your advertisements work for all types of mobile devices. If your programming is only accessible by one type, like an Android, you will lose out on entire populations of prospective clients from other platforms. Using cross-platform programming is the best method to attract the most customers to your business.

Decide now whether you’re going to use QR or 2D codes in your mobile campaign. Your audience may not understand how to leverage certain technology out there, so you need to ensure that you’re going with something current, popular and people-friendly. You’re marketing to basic folks; not everyone will be tech-savvy.

Use SMS for your mobile marketing if you want a platform with a low cost, a very high open rate, and a platform that’s very flexible. If you’re pushing emails in your mobile marketing campaign, SMS is definitely the way to go, especially if you’re interacting with your customers frequently.

Avoid anything in mobile marketing that seems too easy. If it seems like it may be really easy to implement, you can be sure that something’s wrong with it. Of course, we’re talking about mobile-specific things here, like apps and formatted sites. A lot of ads and email techniques are universal, so don’t fret on that front.

Make sure that your messages are targeted to their purpose in mobile marketing. You won’t have any room for meaningless words here. If the customer cannot understand your message in a few words, then it isn’t even worth contacting them in the first place. You need to be very clear here as to your purpose.

Sending out text messages in mobile marketing is a great idea, but you want to make sure that these messages are not commercial in nature. The messages you send should definitely speak to value and benefit, but they have to be more on the friendly side and not so much on the commercial side.

When you are promoting a particular event, send the mobile marketing message a few hours or the day before the event. Customers that are genuinely interested in the event can easily forget the message if you send it several days before the event is to take place. You do not want your customers to miss out on anything.

This advice will be more than enough for a beginner to get started with. Hopefully there is one or two things that even those who are experienced at mobile marketing can implement too. Mobile marketing is a superb means of communicating your business’s message. If you do it well, you will see a difference in your bottom line.…

End The Anxiety, Read This Article About Woodworking

When you are looking for a new hobby, look no further than woodworking. This amazing pastime combines skill building with the creation of items you can actually use around your home. If you want a hobby that allows you to do something good, the tips below will help you join in.

Stair gauges make good crosscut guides. With a carpenter’s square these can be clamped down to match up the stair jack. Then you simply mark where the notches are. You will make a crosscut guide for your circular saw when you put it on the carpenter’s square.

If you have been doing woodworking for some time now you may want to think about using your skills to make your own furniture. If you already have all that you need you could even do this as a service to those that are less fortunate than you. It is a great way to share your passion with others.

Try using duct tape to create a level spot. If you’ve used your table saw on a base that’s mobile, you should be able to easily pull it in and out. To really finish it up, find a level spot on your floor. This also helps you saw boards without obstruction. Mark your wheel positions using duct tape that is brightly colored, and then roll the saw to that same flat spot each time you need to saw.

Keep the floors safe in your woodworking shop. Dust builds up on the floor, making it dangerous for walking. Coat the slippery areas of your shop with a mixture of crushed walnut shells and paint. The walnut shells are just the right consistency to keep the floor rough enough for walking, even when sawdust builds up.

Visualize your woodworking project from start to finish before taking any tool to the wood. Let your brain and imagination help you get used to what you’re about to do. In fact, when you visualize, you’ll be much less likely to make costly mistakes during the middle of a project.

Each shop needs a stair gauge. They are most often used to layout stair jacks, but you can use them to clamp your carpenter’s square. This can make a carpenter’s square serve as a guide for a circular saw. This will help you with making straight cuts each and every time.

Remember the quote, “Measure twice, cut once.” When it comes to cutting wood, you always want to ensure you have the right measurements before you begin cutting. Otherwise, you will have to buy more wood, which will cost you a lot of money. You can avoid this dilemma by ensuring proper measurements.

Keeping a little ruler inside your pocket is smart, but it could fall out when bending over due to its length. Try switching to a metal ruler, keeping it in a pocket with your telescoping magnet, the kind used to reach and pick up screws or nails. They’ll both stay in your pocket this way.

These ideas aren’t all new, yet they’re all worth reading. Those which are new to you will serve to better your techniques. Those which are old hat are reminders that you should continually pay attention to how you are working with wood. Together, they will build you into a master wood craftsman.…

When You’re In A Hurry, This Article About Woodworking Is Perfect

You can create wonderful and useful things when working with wood. Tables, chairs, toys, decorations and even structures are easy to create when you know certain tips and tricks about woodworking. Keep reading for some great tips on working with woods and creating awesome things for your home and to give away as gifts.

Don’t neglect sanding your wood. Sanding may be tedious, but the quality of your workmanship will suffer if you leave the scrapes and nicks where they are. Not to mention, those scratches and nicks absorb more stain and paint, making them stand out more, and making your work look shoddy.

Make sure your work area is safe, well-lit and organized. Working with woods is difficult work, and it is dangerous work when your work area is dim and there are safety hazards in the area. Make sure there are no spills, tripping hazards and other safety hazards that are a disaster waiting to happen.

You want to be sure that you have the right size nails for your project. If you use a nail too big for the task, it may split the wood, ruining the piece. A small nail, however, won’t be able to join the wood together. So, it is important to determine the correct size nail for the job.

Stumped on a good woodworking project? Take a walk around your home. There are always things around your home that need fixing. Or you may see an area that could use something new that can be created with your skills. Let your house become the inspiration for what you really need.

Always clean up sanding dust thoroughly before staining or applying a topcoat. If you want a smooth finish, dust is your enemy. Use a vacuum over blowing dust into the air because it settles back onto the wood, and use a damp cloth to ensure all dust is removed from the wood in your final cleanup prior to staining or applying a top coat.

Before even beginning a woodworking project, make sure you have an adequate and proper place to work in. You definitely don’t want your living space filled with sawdust. Some woodworking supplies, such as stains, varnish and paint strippers, have noxious fumes. Ideally, you will have a detached garage or a shed to work in since an outside space is an ideal location.

If you are new to woodworking, stick with a cheap and effective tool bag. Many of the tools to start with are under a couple hundred dollars and very easy to find and use for basic projects. These tools include a benchtop tablesaw, a jigsaw or sabre saw, a circular saw, a random orbit sander, a corded or cordless drill, a fixed-base or plunge router, and a pipe and small bar clamps.

As stated above, once you developed your skills as a woodworker and learned some tips, you can create so many things. Furnish your home with beautiful items you made by hand and give your friends and family wonderful gifts when you develop your skills at woodworking. Use the tips above to help you get started.…

Things To Look For In A Carpet Cleaning Service

Do you have dirty carpets? There are many things you can do to help your flooring look better. A carpet cleaning professional should be able to remove even the most stubborn stains. Keep reading to discover more about the business of carpet cleaning, and figure out how you can find a good company to do the work for you.

When hiring a carpet cleaning company, get an in home estimate. It is easy for a company to give you an estimate over the phone, but that estimate will not take into account the current condition of your carpets or the true square footage of carpeted areas. Things like stairs can also cost more, and that is often forgotten in a phone estimate. Avoid surprises by asking the company to come to your home before providing a price.

Avoid getting your carpet too wet. Pre-treat stains and do not continue trying to clean one area of your carpet with a carpet cleaner for any length of time. Certain types of carpet retain more water than others. Allow each area to dry completely before running the cleaner over stubborn stains multiple times.

If you want to maintain the look and quality of your carpet you must tackle stains when they occur. The longer that they sit, the harder it will be to get them out. Keep a trusted carpet cleaning solution on hand so that you are not at risk of having a stain remain for the life of the carpet.

When hiring your carpet cleaning company, ask about any extra charges. Many companies offer cleaning of a few rooms for a base price, but there are many extras that are not included in that price. Things like high traffic areas, excessive staining, areas with stairs and even special types of carpets might cost you extra. Avoid surprises by finding out about these things in advance.

The larger the engine for the carpet cleaning machine, the most suction that it has. In order to truly clean carpets, you must have a great deal of suction to pull out the dirt deep in the rugs. If your carpet cleaner uses a machine that they can carry, there is no way they are getting the suction that they need.

Make sure that you check the references of any carpet cleaning company before you consider hiring them. Do not allow cheap prices to blind you to the facts. Ask for references and call each and every one of them. You don’t want to overlook the references and end up with a real problem.

Renting a steam cleaner is a great way to keep your carpet clean. Most major stores have steam cleaners that can be borrowed or rented. Plan on renting a steam cleaner two or three times a year to clean your carpet thoroughly, or rent one if you are having a hard time getting rid of a stain.

As you can probably tell, a cleaning service can help make your carpet look like new. These tips will assist you in making a smart choice in carpet cleaning companies and getting the best value in the services they offer. Take what you have found here and enjoy your newly cleaned carpet.…