POCKETTACORDIO
You Are Here

Category: Opportunity

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.

…

Want Help With Network Marketing? Try These Ideas

Network marketing can be a great way to supplement your income or even make a living, but it can be hard to know how to get started. Before you jump in, it’s a good idea to educate yourself about the basics of network marketing. This article will help you learn the ropes.

Presentation and appearance are two critical components of a successful web-based network marketing campaign. When you market your products or your business through a website, the presentation of your content and the appearance of your website are what will attract and keep visitors at your site. This means that you must not skimp on these areas! If you have a website or are thinking about creating one, make sure it is done professionally.

As it is with life in general, having a positive attitude towards your network marketing business will help it become a success. While you may have obstacles and problems along the way you should continue along because these setbacks, and how you deal with them, will help guide you towards your future success.

Social networking sites are a great starting point for network marketing, until such time as you can establish your own website. An interesting and well-designed blog is a great launching point for your marketing efforts. Similarly, a social networking presence and your own individual website will be excellent marketing tools. You want to achieve a cyber presence if you want your network to grow. It helps to have an active and well-designed blog as well.

Your ego can easily get in the way when network marketing, so make sure you check it at the door. Having the confidence that you can sell ice to Eskimos isn’t confidence at all; it’s hubris. This type of ego will crush your business dreams and keep you playing small-ball in the minor leagues.

When you’ve completed your initial website, ask someone you know who knows nothing about network marketing to look at it. Have them use a critical eye when reviewing everything, and then find out if they would sign up through you if the website is all they had known about you.

Learn the Product in your network marketing business. You must learn everything there is to know about the product, know it inside and out. As you learn about your product, become excited about it. Because if you cannot get excited about it, how are you going to persuade anyone else to be enthusiastic about it?

If you want to be successful in your network marketing endeavors, seriously consider outsourcing. You do not have endless time to do these things yourself. Outsourcing to an external team can give you quick and effective results. You can have an international network marketing team at a very reasonable rate.

In any business venture, it’s important to have a good grounding in the basics before you get started. Network marketing is no different and you will have much greater success in the long run if you know what you are doing before you get started. Remember what you’ve learned from this article, and you’ll put yourself on the road to success.…

Learn Woodworking With These Simple Tips And Advice

Woodworking is an amazing way to better your hand-eye coordination while building useful life skills. From learning to measure to understanding how tools operate, this pastime truly betters you as a person. To learn more about how to make woodworking even more enjoyable, continue reading this article and the tips therein.

If you would like to start woodworking as a hobby or a business, always buy the highest quality tools that you can find. While you may be able to find cheaper tools, they will end up breaking during your project. Spend the extra money and buy a quality tool that will last a lifetime.

Become more accurate by using a drafting square. If you need an accurate square that’s about 2″ to 3″, you have limited options. Drywall squares tend to be very inaccurate. With carpenter squares, you have to hook them onto your work piece’s edge. A drafting square can be easily used if you happen to have one lying around. If you don’t, they are pretty cheap to find at art stores. They are incredibly accurate and as useful as a tape measure.

Whenever you work with power tools, be sure your clothing is tucked in properly. Any loose clothing or long, dangling hair or jewelry can easily become tangled in the tool, leading to injury or other disaster. Tuck everything in, pull back your hair, take off dangling jewelry and then get down to work.

When you find a nice level spot on your workshop floor for your table saw, it can be difficult finding the same spot after you put your saw away. When you do find a level spot, use duct tape on the floor so you know where to position your table saw next time you need it.

Always keep your work area clean and safe, even when you are not actually there. Leaving out pieces of lumber with nails in them or even power tools that are easily activated in your yard can be dangerous. You never know when animals or even neighborhood children might come romping through and hurt themselves.

Read the plans before starting when you are just starting out. You should fully understand everything that you will need to do. If they aren’t complete go to a home improvement store to see if they can help you.

Sanding blocks are essential woodworking tools. You can create easy to reuse sanding blocks of your very own by simply cutting three-quarter-inch scrap lumber into rectangles measuring 4.75 x 4.50 inches. Cut pieces of cork tile to fit each block. Spray both the rectangle of wood and the rectangle of cork tile with adhesive and press them together. Allow to dry, then spray the backside of an entire sheet of sandpaper with adhesive. Place your newly made block on the sandpaper with the cork on the down-side. Allow to dry and then use a utility knife to cut the sandpaper around each block.

All great masters of their trade take the time to educate themselves on as much as possible in regards to their skills and techniques. You will be a better woodworker now that you have taken the time to learn from this article. Continue your reading so that you can produce amazing results.…

Forecasts Biggest Holiday Ever For Mobile Marketing Paid Search

In the world of mobile marketing, there are plenty of great resources available to both new and experienced marketing alike. There are many websites, programs, e-guides, books, videos, and other resources available. This set of tips contains some of the best advice for helping a good marketer become a great marketer.

Test your program before you start it. Customers do not like broken links, or dead images. Have your business, family, or even a few customers test your messages before you start sending them en masse to your market. Get their feedback to perfect whatever might go wrong, and your customers will thank you for it.

Use mobile marketing as a means of communication not a means for profit. Your business may be very important to you, but you need to remember that customers do not take well to being treated like money bags. Using your mobile campaign to actually talk to them will increase your sales more than promotions.

You should be focusing on all your stats as a mobile marketer and not just a few popular ones. Measure your entire success, meaning your repeat usage, bounce rate, unique visitors, and your more popular stats like downloads, opens, activations and registrations. You want a feel for it all here.

When defining your goals for your mobile marketing campaign, always make sure to keep them both manageable and feasible. There’s nothing quite as damaging to a campaign like this than to set really high expectations, and what’s worse is that some marketers try complicated methods while thinking they will help. Keep things simple and doable.

Use a platform that allows you to personalize your messages by way of tokens. Personalizing something is always a great touch. You can put your recipient’s name in every message making it a little more likely they will want to read it. Just keep in mind the 160 character limit when doing using tokens with email formatting.

Having a QR code is an important factor in mobile marketing. QR codes are the new box codes that can be scanned by a mobile device or a smartphone. They are extremely effective in connecting your customers with your brand. Try linking the QR code with some sort of coupon or discount for maximum results.

Consider adding advertising to your website that specifically built for the mobile environment. Your traditional web banners are not going to cut it on a mobile device. In fact, if you have optimized your site for a mobile experience, those banners are no longer even visible. There are a lot of great mobile advertising platforms out in the market, including AdMob, iAd and MobClix. Investigate them and choose the right one for you.

After reading and thinking about these tips, you should have a better understanding of it will take to find success with mobile marketing. Remember that learning new information is only the first step. The next step is proper application of the knowledge. Keeping these tips in mind, you are able to start refining your mobile marketing plan in order to help make your business successful.…

Take A Look At These Home Business Tips!

Your home business is not just a business, if you’re like most home business owners. It’s much more than a job and a career, it’s your life. Knowing how to make your business better is an ongoing process that can always be improved upon. Use these tips to make your home business better.

Install a separate phone line for your business calls. This way, you can be sure your business calls are handled in a professional manner. Make sure others in your home don’t answer your business phone unless it is done in a professional fashion. You should also set up a voicemail on your business line.

Use an online credit card acceptance company while you are getting your business off the ground. Propay allows you $1,000 per month of credit card transactions for a low per-transaction price and minimal setup. Paypal and 2Checkout both allow you to accept credit cards on your website with no setup or monthly fees. As your business grows, you can move to a bank-provided merchant account if necessary.

When starting your home business, make sure that you have enough money on hand to cover your expenses. It almost always takes a decent amount of time before home businesses become successful, so it is crucial that you have enough cash on hand to enable you to withstand some hardships and difficult financial times. Starting a home business without enough money saved could lead to bankruptcy.

One of the requirements of running a home business, is the ability to conduct business transactions. First of all, you will need a business banking account. You will also need system for handling transactions with your customers, including a method for refunding payments, when necessary. There are online pay systems, such as Paypal, that you can use for this. However, if you need a more fine-tuned solution, you can also hire a freelance software developer, to create a system that is tailored to your needs.

It is important that your business have an objective or mission statement. The objective should be a brief description of what it is your business does. If you create an objective, you will have an answer ready when someone asks you to describe your business. It will allows you to impress your customers by being confident and succinct about the purpose of your business.

Spare yourself major legal and accounting headaches by opening and maintaining a separate checking and savings account for your business. Keeping your business finances apart from your own makes it considerably more efficient to keep track of business revenues and expenses and is also more convenient around tax time every year.

These tips are just a few of the many ideas available to improve your home business. If you take the time to learn about your business, and how to nurture your business, you are guaranteed success. Having a home business can be more than just a way to make money; it can be a part of your life that you’re proud of.…

Run Your Own Home Business With Efficiency

Every year, millions of American adults discover the pleasures and successes of owning and operating their own business from the comfort of their own home. Whether you are already employed full-time or part-time, the role of a home business owner is highly flexible and can be adjusted to accommodate any existing schedule. These tips and tricks offer excellent insight into the world of home business.

A great home business is to offer training or lessons for something that you are skilled at. Lessons from a person versus a school are taken advantage of by those who have rigid schedules. Art, music, or photography lessons can be given in your home quite easily.

When running a business from home, it is important to be part of a network of your peers. You can find others who are interested in joining and form a network that fits your particular needs. The people may not work in the same industry, but you will have one thing in common, the motivation and drive to have a successful home based business.

You can claim as a deduction the cost of meals for clients, but it is best if you can show that the clients you are entertaining are really paying customers of your business. Auditors understand that meals at restaurants can be a good way to attract clients, but they are more likely to feel the write-off is justified if the clients you take out also bring you substantial revenue. Keep all receipts.

Interested in starting a dog walking business? This can be a great idea if you love dogs, would like the daily exercise, and are comfortable handling dogs of different sizes. Recruit potential clients by putting up flyers at vets’ offices, at the local dog park, or at the grocery store.

If you are currently running, or thinking of running a home based business, check with your local government to see if you need any special permits or licenses to legally operate your business. Some cities and/or states require you to have a business license much like any other business would.

Sell products that have solved a need in your own life. Having personal experience with a product is a huge selling point to potential customers. If you are trying to sell someone on hair replacement when you look like a model, your customer isn’t going to buy it.

Determine what your budget should be and stick to it. One thing that causes new business to fail is not making or not sticking to a budget. The cost of running a business can add up quickly so make your decisions carefully and track every penny you spend and account for it in your budget plans.

As you have no doubt discovered from reading this article, starting up and succeeding at your own home business is a potentially lucrative opportunity that can be taken by nearly anyone. With the information you have just learned, you will be well on your way to planning out and implementing the first stages of your home business setup.…