by theEmother | Jun 27, 2013 | build a Mother of a Business, business ideas & thinking, Buy a Mother of a Business, Consultant EXIT Options, exit strategy, Finish Unfinished Business, MEinc, SELL your Mother of a Business, so you think you're in business, start with the end in mind, the business model
Yesterday, I had a call from a Business Owner who had had enough and wanted to get out. 21 years in business but now was the time to go… why?
Husband had suffered a stroke
parent had cracked the 90’s and was in need of care
they would have had 4 jobs in that timeframe
the Business Owner was no spring chicken herself
it all oiled down to being ready to sell up shop, take whatever they can and live happily ever after!
Today, I received another call of a similar ilk.
And yet another who had thought they’d sell but decided to just close up instead.
Is it about the Business Sale Tsunami, that many pundits have been predicting, being upon us?
Is it about appreciating family while you still have them?
Is it about Lifestyle choice?
Is it about just not wanting to DO it any more?
All of the above and more I expect..
Needless to say, when going through this mind-game stuff, being the person confided in (and not having a vested interest), is such a a privilege. Assisting in the decision making process is not only personally satisfying, as I know it does good as it also provides a solution to a genuine need in our community. I must say I’m most pleased to be able to assist.
by theEmother | Jun 26, 2013 | build a Mother of a Business, entrepreneur trends (past & present!), Finish Unfinished Business, the business model
Trendwatching.com do fabulous work and this revisit is no exception.
Well worth revisiting these in relation to your business as well. What applies? What does not? What should apply? What should not?
We’re often asked what is happening with previous trends. Here we take a look at five: where they are now, where they are headed, and the many opportunities they continue to offer.
- SELLSUMERS: Will there be any consumers left NOT making some money on the side?
- MATURIALISM: It’s a raw, transparent, mature world out there – time for brands to grow up or give up.
- POINT & KNOW: Get ready for a POST-POINT & KNOW future.
- ECO-SUPERIOR: Why even ‘carbon-neutral’ won’t cut it.
- MADE FOR BRIC: And now let’s get busy with MADE FOR N11.
With examples from UNICEF Sweden, Airbnb, L’Occitane, Google, Hong Kong’s Zero Carbon Building, and many more…
Read it in full here! »
trendwatching.com TRENDS REFRESHED infographic
by theEmother | Jun 24, 2013 | build a Mother of a Business, Buy a Mother of a Business, Consultant EXIT Options, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, start with the end in mind, the business model
Today I had a chat with a Business Owner, who had started down the process of taking her business to market.
The Sellability Score had been completed. We were confident it would be sold and she was good to go… and then she went on a holiday. Today’s conversation was all about closing the doors instead.
Why?
Because she no longer had the stomach for the business, literally.
Given the nature of its structure, some form of “earn out” was on the cards. However the thought of hanging around any longer, post holiday, was almost making her physically sick.
To have such a reaction, the decision to close the doors, as at the end of the financial year, was an easy one to make. If you cannot literally go into the office, then it’s time to get out. Even if others may not necessarily want that as the outcome!
To her credit, she is the first to recognise that had she gone down the path, when still “in-love” with her business, then off to market we would have gone. As much as she was confident in our abilities to sell it, the process had started way too late for it to come to fruition.
Moral of story: if you’re starting to think about getting out in the future, start the process now. Not to take it to market but to understand how Saleable your business is and then what to do about it when the time comes.
Start with the End in Mind today, regardless of how old your business is, is a mantra you should be following…
by theEmother | Jun 23, 2013 | build a Mother of a Business, BUY a Business, Buy a Mother of a Business, Consultant EXIT Options, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, MEinc, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, start with the end in mind, TEMpting, the business model
What are you waiting for? GET YOUR SCORE…
[If any of the following tickle your fancy, please contact me by emailing sell@theentrepreneurialmother.com letting me know which one it is…]
BS9 = Specialist Leadership and Talent Management Provider
Completed Sellability Score.
Looking to a 2013-14 kick off, getting all ducks in a row in the meantime.
*
BS14 Leading Book Supplier
Completed Sellability Score
Financials received, more to come. Currently going through refinancing dramas!
*
GET YOUR SCORE…
*
BS19 Leading Wedding Services Provider
1st meeting had, waiting on Stage 2 financials – meeting to be set
*
BS22 Business “Consultancy”
Completed Sellability Score
Stage 2 of process in play = Confidential Data Analysis
*
BS23 Health and Well Being Studio
engagement locked in
FOR SALE
*
BS26 Professional Services
Completed Sellability Score
“Business Planning; in Reverse!” session conducted, decision due end of July.
*
BS27 Training Services Provider
via Linked In
Stage 3 of process in play = Pricing and Proposal
*
BS28 Manufacturer
Completed Sellability Score
Referral, greatly appreciated. Stage 1 and 2 of process in play = 1st meeting June 25 and financials requested
*
BS29 Accountancy
Referral, greatly appreciated. First meeting postponed to August.
*
BS30 Online Business
Completed Sellability Score
Had started down process, but stalled…now back on track
*
BS31 Pub and Restaurant
Referral, greatly appreciated. 20% minority shareholder who is desperate to get over. Discussed options…
*
BS32 Vending Machines
Completed Sellability Score
Looking to move interstate and looking to divest themselves of profitable business. Stage 1 of process in play = 1st meeting
*
GET YOUR SCORE…
*
BS33 Estate Agent looking for Broker of Online Businesses
referral, greatly appreciated…waiting on best time to chat
*
BS34 Online Business
Via Webinar
Authority to be signed next week, marketing campaign good to go
*
BS35 Book Binder
Completed Sellability Score
May have to sell as part of divorce proceedings, looking for details accordingly
*
BS36 Graphic Designer
via LinkedIN
Invited to complete the Sellability Score by way of getting the process started
*
GET YOUR SCORE…
*
The “Sellability Score” reports continue to dribble in each and every week.
More calls to make as a result and more emails to send 🙂
Onwards and Upwards!
by theEmother | Jun 20, 2013 | build a Mother of a Business, business ideas & thinking, entrepreneur trends (past & present!), entrepreneurial mothers, Finish Unfinished Business, how to sell a business, MEinc, SELL your Mother of a Business, so you think you're in business, start with the end in mind, the business model
I was pondering this very question myself just yesterday…
A Business Owner called, who has made the decision to sell her own business. She wanted advice on how to best do that, anonymously, over the phone. Cheeky? perhaps.
Useful? She was pleased.
But, how far do you go?
And then I came across this great article from “The Business Bakery”. I’ve pulled the key bits out for me and suggest you read the entire article…
There are five reasons to work for free, which one is it?
1.It’s good “exposure”
This is the most common reason for being asked to do a freebie. The idea is that you give your product for free and lots of people will hear about you. Donating cakes to a function or writing a column for a magazine are examples.
2.It will give good credibility
This is when you do something for free for a well know person or large organisation because it gives you credibilty. So making a birthday cake for Nigella Lawson would give heaps of credibility.
3.It’s a way to trial a new product
Sometime you give a freebie because you need to have a go with a real life customer. This could be your first wedding cake
4.It’s for family and friends
Not totally unreasonably, family and friends expect the occasional thing for free. The trouble comes when pretty well all your customers are family or friends…..
5.It’s for someone who ‘needs’ it but can’t afford it
We’re often asked to give freebies for “charitable” reasons.Mostly these are genuine requests but there are some shonky people out there.
Read on…
by theEmother | Jun 19, 2013 | build a Mother of a Business, business ideas & thinking, events, how to sell a business, Sell Your Business, SELL your Mother of a Business, so you think you're in business, the business model, women in business case studies
Two people join LinkedIn every second. What does that mean to you?
What should it mean to you?
Via: PowerFormula for Linkedin Success
