What is Your Mother of a Business Worth?
It’s important to note that any two licensed appraisers or prospective investors can read key valuation factors differently. But what is true to all business valuations is the attempt to put a dollar value on a company’s future business potential.
Startup entrepreneurs and well-established business owners should have a sophisticated appreciation of how investors and ultimately business buyers will size up their company’s potential. Sometimes these factors which can influence company valuations are referred to as “business fundamentals” or “investment fundamentals.”
Here are six fundamentals that may influence the value of your business. (For full details, read the article in its entirety here).
No. 1: Revenue predictability.
No. 2: Customer list.
No. 3: High gross margin business.
No. 4: Intellectual property advantage.
No.5: Brand strength.
No. 6: Low debt load.
…an excerpt from “What’s Your Business Worth?” by Susan Schreter for the Small Business Center.
How Resilient-Ready are You for 2012?
Tom Peters recently blogged about Flourish, the latest book by Martin Seligman, founder of the Positive Psychology Movement. Their research has shown that the building of personal strengths such as courage, optimism, work ethic, honesty and perseverance all have a positive effect on peoples’ mental wellbeing. The process of building a positive mindset is not trivial or easy, as evidenced by Seligman’s work with the US Army. However, if it piques your interest, why not try Seligman’s “Three Good Things” exercise? It sounds simple, but over time its effects can be profound.
Three Good Things Exercise
Each night before you go to sleep:
1. Think of three good things that happened today.
Anything from the most mundane to the most exalted works, as long as it seems to you like a good, positive, happy thing.
2. Write them down.
3. Reflect on why they happened.
Determining the “why” of the event is the most important part of the exercise, and can open up your mind to ways you can increase the positive experiences you have. For more information: www.authentichappiness.org
Adopting the Three Good Things habit will have personal and professional benefits. For many years, Tom has been encouraging leaders to focus on TGRs (Things Gone Right) as opposed to TGWs (Things Gone Wrong). Measure TGRs! Try discussing three TGRs at every meeting in 2012. It’s a great way to discover how to make TGRs happen more often…
… an excerpt from the latest Tom Peters Times… enjoy
As featured on the Australian Businesswomens Network… Start with the End in Mind TODAY…
OK… so you’ve got through the festive season, and all went (or not).
Now it’s time to dream about the year to come, and what you want to do with your Mother of a Business. This link is as good a place as any to start… enjoy.
Good Luck!
12 Crucial Consumer Trends for 2012… trendwatching.com
In 2012, much as in previous years, some brands may be staring into the abyss, while others will do exuberantly well. And while we can’t offer any help to defaulting nations or bankrupt companies, we do believe that there are more opportunities than ever for creative brands and entrepreneurs to deliver on changing consumer needs. From Canada to Korea. Hence this overview of 12 must-know consumer trends (in random order) for you to run with in the next 12 months. Onwards and upwards: read on…
Source: www.trendwatching.com. One of the world’s leading trend firms, trendwatching.com sends out its free, monthly Trend Briefings to more than 160,000 subscribers worldwide.
The Promise of Entrepreneurship… is bigger always better?
We are made to believe that when it comes to business success, bigger is always better. In our super-sized, consumption-oriented culture, not even small business is exempt from the pressure to grow for growth’s sake. We fixate on top-line revenue growth and increasing numbers of employees and locations. We pepper entrepreneurs with questions such as, ‘What are your plans for expansion? What’s next? How many cities will you go to?’ instead of asking what their goals are or why they started their business in the first place. When talk about growth we focus on speed, not sustainability. When we talk about success we focus on size, not satisfaction.
So much so that entrepreneurs doubt their own success and skill if they aren’t pursuing the largest form of their business possible. We’ve talked with countless business owners who run profitable ventures, make a good living, enjoy what they do every day, and have significant impact in their industry—but who also hesitate to call themselves successful. Why? Because their companies could be bigger, or they decided not to open several more locations, or they don’t have the largest market share—even though these are not the things that they want.
We believe that it doesn’t have to be this way. There is an alternative that is both rewarding and attainable—it just requires rethinking things a bit…
Another gem from ChangeThis.com by Adelaide Lancaster
“The World Needs Female Entrepreneurs Now More Than Ever”…
Indeedy, it does!
The key point I’d like to point out in this fine article is this:
Becoming an Entrepreneur does not require
any shifts in corporate culture.
In fact, becoming a Business Owner does not require changing any societal norms at all. It does require however a distinct shift in your own internal thinking in combination with your family’s particular circumstances.
So… why not be opportunistic and bold in 2012, and become a “3%” member? (refer last post)
You can always tap into the entrepreneurial mothers group if you need support…
“Great by Choice”; the next stand-out by Jim Collins…
There are smart decisions and wise decisions. One form of wisdom is to know when to let luck disrupt your plans (and when not to). Getting a high ROL (return on luck) requires a new mental muscle, beginning first with a heightened awareness to recognize when a luck event happens. Use the three tests we lay out in the book:
1) Did the event happen largely or entirely independent of your own actions?
2) Does it have a potentially significant consequence (good or bad)?
3) Did some aspect of the event happen unexpectedly?
If yes, then ask: what—if anything—should we do to get a high return on this luck event? This applies equally to good luck events and bad luck events.
One very important point about luck: it is asymmetric as a potential cause of success or failure. Good luck cannot cause a great company, but huge strikes of bad luck can terminate a company. That’s why productive paranoia that we write about in the book is so important: always preparing to endure a sequence of bad luck events that will someday hit, being able to absorb them and stay in game long enough to turn the tide in your favor…
…says Jim Collins and Morten Hansen, in their interview with The Keen Thinker. There are a number of other fabulous interviews, and book reviews, to be digested at the same place. Go to The Keen Thinker for more…
Clickability: A Skill for Life
Most of what you need to know about success in life is personal in nature. I’ve learned, through my own experience and that of the people I’ve worked with, that people need each other to have fulfilling work, successful careers and meaningful lives. Regardless of your cultural background, your age group, or your social status, your need to get along with people is fundamental to your happiness. No matter how much technical skill you have in your particular field of expertise, no matter how smart you are, how capable you are, how gifted you are, if you don’t know how to connect, relate and communicate with people, there’s little hope for you.
Whether the times are great, or the economy is in the tank, the people who do the best, who prosper and advance, are the people who know how to connect with other people and have it matter. Whether you are a homemaker, a parent, a business owner, a manager, a waiter or a postal worker, your skill with other people determines everything. And when you have the skill to build relationships and networks of relationships, the world is your oyster, and all options are open for you. Being able to click is just a matter of knowing what to do, why to do it, and how to do it.
Issue 88 – 06 | By Dr. Rick Kirschner for ChangeThis.com
“the entrepreneurial mother.com” is refined, reenergised and ready to visit…
hello there
It is with great pleasure that I re-introduce my newly re-formulated and reworked web site. I’m really pleased with it, I hope you are too!
www.theentrepreneurialmother.com
Please visit and make yourself acquainted. I’d love your feedback too.
Enjoy! Denise
New Rules of Business; be there or be left behind…
Hello fellow entrepreneurial mothers
Recently I had the pleasure of attending Dale Beaumont‘s fabulous free seminar called “New Rules of Business“…
Dale, as you may know, is not only an award-winning entrepreneur and 16 times best-selling author, but he is the one who invited me to be part of one of the 16 books, namely “Secrets of Inspiring Women Exposed”.
Having learnt so much from him going through that experience, and because I had such a great time and learnt so many more wonderful things at the seminar, I wanted to share it with you. To find out more and discover exactly what it can do for you, click on the link below now: http://www.NewRulesOfBusiness.com.au/Attend
I really think it will make a big difference to how you Build your Mother of a Business, so if you like what you see register online. Then once you attended let me know so we can share notes.
Warm Regards ME!
