If EXITing your Business is the Plan, What Will Make Yours Stand Out?

Posted by theEmother on July 24, 2011 · Leave a Comment

As The Infinite Group’s Anne Marie Nayna points out in this article…there are a significant and atypically large number of business owners, born between 1945 and 1955, who are in the process of preparing to sell their business. Business Analysts across the globe, report that the largest transfer of business wealth and assets in history is in the process of occurring. With the average age of a business owner in Australia at 58 years, this will only gain further momentum over the next 5 – 10 years.

If you’re one of these business owners, have you considered who your buyer maybe? Are you are planning a trade sale, a management buy-out/buy-in? What other means are available in order to unlock your business’ accumulated worth? Will the entire consideration be paid on day one or are you prepared to defer a portion in order to achieve a higher price? What are the tax implications of this sale?

Read the full article…

Filed under build a Mother of a Business, entrepreneur trends (past & present!), EXIT execution, SELL your Mother of a Business, so you think you're in business · Tagged with anne marie nayna, EXIT execution, exit strategy, the infinite group

Divorce and your business: six scenarios for after the split…

Posted by theEmother on July 12, 2011 · Leave a Comment

Many businesses are founded and run by a husband and wife team.
What happens to the business if they divorce?

The ‘clean break’ principle

The Family Court’s position is that whenever possible, there should be a clean break between ex-spouses. This means a property settlement, with the combined asset pool being broken into two chunks. When the assets include a business, the property split can take place in a number of ways…

Read the full article.

A story by Greg Parker for mybusiness.com.au

Filed under EXIT execution, SELL your Mother of a Business, single parent l single mother · Tagged with divorce, EXIT execution, family business, how to get out of a business, how to sell a business, sell your business, splitting couple

Annoucement: Farewell to aCE talentNET, it’s been a fabulous ride…

Posted by theEmother on June 30, 2011 · Leave a Comment

As announced in the latest aCE talentNET Professional Edge;

Well, the time has come to bid a fond farewell to all friends and colleagues of aCE.

From this day forward, Denise Hall (ie me!) will no longer be part of the aCE inner sanctum! After 15 years approx, it is time to move on and expand my horizons. Be safe in the knowledge though that Deirdre Gruiters is not going anywhere and aCE is operating business as usual. The only real difference is that I will no longer be behind the scenes.

It has been a pleasure and an honour being part of your working life over this time. Whether you’re new to the community, you’ve been there from the start or something in between, your contribution to the quality of aCE at large is in direct proportion to who you are and what you do. For that I thank you for helping us build aCE into what it is today.

A big thank you also to Karen, Rebecca and Chris, and to all the many aCE associates I have had the pleasure of working with.

A very big and special thank you goes to Deirdre Gruiters, through which much of what we’ve been able to achieve is attributable.

I invite you to stay “connected” through the various social media networks, just click on the one that tickles your fancy!

Buying and selling businesses is my new area of interest, so bear that in mind should it be what you want to do with your business, in time.

Good luck with your future endeavours
Cheers
Denise

read on…

Filed under aCE talentNET, EXIT execution, SELL your Mother of a Business · Tagged with aCE talentNET, denise hall, EXIT execution, SELL your Mother of a Business

KidSpot group SELLS to News Corp for $45 million…

Posted by theEmother on June 29, 2011 · Leave a Comment

Now here’s a Mother of a Business Sale…

News Corp has purchased web entrepreneur Katie May’s online parenting portal Kidspot for a reported $45 million, in a move that represents a rapid rise for the six-year-old business and highlights how much media companies now value established websites with strong communities…

as reported in Smart Company by Patrick Stafford, click here to read the full article.

Filed under build a Mother of a Business, EXIT execution, SELL your Mother of a Business, so you think you're in business, WWW and online strategies · Tagged with EXIT execution, kidspot, sell your business, SELL your Mother of a Business

What’s the Business You’re Selling, Exactly?

Posted by theEmother on June 11, 2011 · Leave a Comment

Starting a business is a BIG deal. Building it to become more than your hobby is even bigger again. In fact, building your business into an asset may result in it being possibly the largest asset you’ll ever own, or second maybe to your home, as discussed on Westpac’s Ruby Connection…

If trying to sell it is what you eventually want to do, then get strategic about WHAT it is you’ve got, how it is someone else could do it and therefore who that special someone might be that will love it as much as you once did. Think about it this way, would you put your home on the market without a little thinking and TLC-driven renovation first? so…

What is the “story” of your Business?
Why did you start it? Who was involved? Are they still with you? What happened to them? How is it legally structured ie Pty Ltd, partnership, sole-trader? Why the Business name? Is it registered? Any trademarks/patents? How long has it been going? Does it look today like you envisaged when you started? Is there still a need for what your Business does? And why? Why should someone love it like you once did?
The evolutionary history, as well as its current story, is all-important.

What does your Business sell?
List everything; not just the features, but the benefits to your consumers as well. Why do your consumers buy from you? Did your Business always do what it currently does? If not, what did it start out doing? What happened? Why did you stop? Why the change of direction? Why the current choice? What other options are open in your market that you haven’t done yet? Who else does what you do?

What financial records does your Business have? (eg: Tax Returns and BAS)
Profit – that’s what a buyer wants to know about. To “prove” that requires “real” paperwork, not just what you can pull out of a financial software package. ATO tax returns and submitted BAS’s, Certificates of Currency for insurances, and reports of any forecasting done is what they’re after. This paperwork is very important to a prospective buyer because that’s what they will base a lot of their “valuation” decisions on. These records provide evidence that your Business is a worthy asset.

Starting with the end in mind TODAY, regardless of how old your business is, means you can start to, slowly but surely, gather and assemble the answers to each one of these questions, to be able to convey to a potential buyer WHAT it is they are buying…

Next… Who?

Filed under build a Mother of a Business, entrepreneurial mothers, EXIT execution, SELL your Mother of a Business, so you think you're in business · Tagged with build a Mother of a Business, EXIT execution, how to sell a business, how to sell my business, SELL your Mother of a Business, selling, women-owned businesses

Going out with a Boom Boom…

Posted by theEmother on June 7, 2011 · 1 Comment

The following recent article raises the question of Boomer spending, once they start spending post-workforce, and what that timeframe might look like. I’m sure it’s fairly typical of the held view in the market also. Only one thing missing is….

No mention of Boomer (or as I like to affectionately refer to them – PrimeTimers) Business Owners. What about those who are still toiling away in their own businesses, and are looking to EXIT over the same period. The Business Sale Tsunami is about to hit us allegedly. So what happens when the value they thought the business was worth is not what the market is willing to pay? Or if the business has not kept up with advances, in requiring an online presence for example, what then? What price? And then where does that leave their pseudo “Super”…

Business Owners beware… if you’re not preparing NOW for the SELL of your lifetime, then you may not end up in as good a place as you had expected, and dreamed of…

They might be still toiling but when they finally pull the plug, this generation will spend up big, writes Nicole Pedersen-McKinnon for TheAge.com.au.

Baby, the boomers are back! After having their retirement plans clobbered by the worst global downturn since the Great Depression, really the Great Recession, they are on the cusp of finally realising the life-after-work dream.

A staggering 46 per cent of boomers who are still toiling are doing so because of the credit crack-up, a study we conducted for the latest issue of our sister publication, Financial Review Smart Investor, has found.

But 31 per cent now expect to retire in the next five years, with almost another third in the five years after that. Their average age will be 64. To get to that point in this investment climate, though, they’ve had to make sacrifices beyond just delaying retirement. Twenty-eight per cent were forced to sell investments, probably at the worst time, and 18 per cent had to pull back on their lifestyle.

This is the first generation to retire with superannuation, which became compulsory in 1992, but that was too late and, thanks to the financial crisis, now far too little. A massive 78 per cent of boomers make additional contributions to redress their retirement funding shortfalls. So where will their money ultimately come from?

Read on…

Filed under build a Mother of a Business, EXIT execution, SELL your Mother of a Business, so you think you're in business · Tagged with baby boomers, business owners, EXIT execution, exit strategy, primetimers, small business, superannuation

Change? It’s Only Just Begun!

Posted by theEmother on May 26, 2011 · Leave a Comment

You’re probably familiar with eBay and PayPal. They’re businesses that have transformed and challenged traditional retailing because they enable individuals to trade online, bypassing normal supply chains. We’re now on the edge of another wave of transformational change of how business and work are done.

Robert Gottliebsen at Business Spectator recently interviewed Matt Barrie from which connects workers with businesses on a global basis. Businesses post jobs that workers bid for. Payment occurs online when jobs are finished. It’s mainly small business people doing work for small business people. But it brings the power of ‘big’ to the little businessperson’s business. The interview is here:

At that link we last covered zaarly and uber which also empower self-employed people to do big things. I know of many other transformational business service models. It’s the replication of a trend we’re seeing in IT, for example, where contracting is rising. Forget about industrial relations, human resource management and jobs for life! This is about stock exchanges for jobs, fast moving, with people making their own choices.

Government isn’t coping. This is reflected in comments from Peter Strong of the Council of Small Business Australia. He referred to the recent budget as a ‘big business budget’ in a TV interview. This big business view is probably why the administration of paid parental leave, for example, is looking so complex for small business people and why a Commonwealth Bank survey found small business drowning in red tape.

Government will fail when it tries to force its administrative convenience onto this global business realignment. So watch out politicians! An analysis of voting trends amongst self-employed people showed a strong willingness to swing their votes.

http://www.abc.net.au/unleashed/45026.html

Very, very interesting indeed… a sign of things to come… just wonder how the government will view it/legislate for or against it??? Time will tell.

From Ken Phillips (Exec. Dir.) and the team at Independent Contractors of Australia

Filed under aCE talentNET, build a Mother of a Business, entrepreneur trends (past & present!), entrepreneurial mothers, EXIT execution, political offerings, so you think you're in business · Tagged with free agents, independent contractors, self-employed, small business

Why Start with the End in Mind?

Posted by theEmother on May 13, 2011 · Leave a Comment

As featured @rubyconnection…

What does that mean exactly? No doubt when starting out, you will have heard how you should “start with the end in mind”? Coming from experience, it’s really hard to do that without knowing what the “end” can look like.

Having said that though, there are a couple of easy steps to consider from TODAY that will get you in the right frame of mind…read on

My very first post on Ruby Connection…woo hoo!

Filed under build a Mother of a Business, EXIT execution, SELL your Mother of a Business, so you think you're in business · Tagged with EXIT execution, exit strategy, start with the end in mind

« Previous Page

Name:

Email:
My story is one of being unemployed, homeless and a pregnant singleton who has morphed into the entrepreneurial mother®; by building & SELLing her 7-figure Mother of a Business, all in guilt-free school hours.

If you're a mother, an aspiring primary breadwinner! and building your Mother of a Business as an asset to sell ... then the entrepreneurial mother® blog is for you. Why? specialising in "Connecting the Dots" is what building a Mother of a Business is all about.

What I know for sure is that Business gives you Lifestyle, to be the Mother you long to be...

So no surprise (I say modestly) that I now get many asking me how I did it and how I still do it. That's why this blog was born. It's my way of being able to reach as many of you as possible and making the most of the time I have available.

Now is the time to embrace being deliberately entrepreneurial about how and why we do what we do.

I look forward to e-meeting you...
Denise Hall
the entrepreneurial mother®
Denise Hall, the entrepreneurial mother®, was a little surprised when invited to share her personal story and be part of this wonderful book. It takes readers up-close and personal with thirteen women who have each reached extraordinary heights of success in their chosen path; Denise being one of them.

Secrets of Inspiring Women Exposed (Dale Beaumont) available in all savvy bookstores, or to order your only personally signed copy, email Denise to order.
Categories
- 4 hour work week (21)
- aCE talentNET (23)
- adventures with daughter (45)
- build a Mother of a Business (44)
- business ideas & thinking (128)
- entrepreneur trends (past & present!) (97)
- entrepreneurial mothers (251)
- events (15)
- EXIT execution (18)
- Finish Unfinished Business (2)
- inspiring women (103)
- MEinc (180)
- Mothers Group (3)
- political offerings (36)
- Ruby Connection (2)
- SELL your Mother of a Business (25)
- single parent l single mother (16)
- so you think you're in business (344)
- TEMplate (3)
- women in business case studies (18)
- WWW and online strategies (29)

Categories