All posts in Seniorpreneurship

ARTICLE: should I Start or Buy a Business? that is the Question!

An excerpt from my article featured on www.startsatsixty.com.au talking about popping Buyers Goggles on to investigate all the different buying opportunities there are… Many people think that the typical small businesses offered for sale are only those such as cafes and other food or retail outlets, however almost all types of businesses do come up for sale at some point in time. (There is of course the option of tapping an existing business owner on the shoulder and asking them to consider thinking about selling as well). I strongly encourage you not to make a decision about starting a business until you have…

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ARTICLE: motivationsmagazine.com “Start with the End in Mind”

Recently, the 2nd of my articles for the motivations magazine.com was published. Most pleasing! And it goes like this… During the Retirement and Estate Planning process, “Ownership of Assets” forms part of the discussion. Where one of the assets is a business, and it is a primary contributor to the Estate, it makes perfect sense to ask a number of provoking, asset-protection, risk-minimisation questions. The questions are best offered from both a proactive and a reactive viewpoint. Taking such initiative is paramount for ALL business owners who seriously want to successfully transition their business while they are in the best…

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#OpportunityAlert: Connectional Intelligence = How to Get Big Things Done

“We’ve been living with the internet now for twenty years and it’s not news that we’re all connected. Unless a totalitarian government swoops down and takes away our cell phones and our access to social media, that connectivity isn’t going anywhere. The question is: How do you and I grab hold of this newfound connectivity to take us to the places we want to go? At a time when old-fashioned routes to power—the schools you went to, the contacts in your address book, the families you were born into—are not the only ways to get ahead, how do we connect…

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#TEMpting: Terrarium Business to BUY…

The business has been running successfully for 4 years via an online store and through stockists in and around Melbourne. It has also sold via pop-up shops/markets, ran workshops, exhibitions and leased products out for events/open houses, etc. The business has a good following on social media and has gotten good press over the years and has been featured in The Age, SMH, Shop Till You Drop, House and Garden, Green Magazine and Hooray (previously Hitched) Magazine. The owners are selling because work circumstances have changed and the business isn’t getting the attention it deserves. Given previous interest, the owners believe the…

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PODCAST: talking 6 steps to Boost Your Productivity and Profits with Lorraine Pirihi

Once again I had the good fortune to talk with Lorraine Pirihi about the importance of productivity and profit in your Business, highlighted by the 6 steps Lorraine often coaches by. A snippet of the gold contained in the below recording and transcript goes as such: “Quite often you’ll hear in the housing market about growth or cashflow. Business actually abides by similar rules. There’s growth and there’s cashflow. A lot of small business, especially if they intend to stay smallish business, need to concentrate on the cashflow aspect. Because unless you’ve actually got a plan to grow and go…

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#OpportunityAlert: would what you do work in the New Heartland?

Is Your Brand Missing the Mark with 60% of U.S. Consumers? By Paul Jankowski Published Feb. 18, 2015  “There’s one part of the country where, I think, many brands are completely missing the mark: it’s what I call the New Heartland. It’s made up of the Southwest, Midwest, and parts of the Southeast and is home to 60% of all U.S. consumers. It’s a massive and influential cultural segment that is largely misunderstood and underserved by advertisers—and a huge opportunity for brands willing to make the effort. So how do brands effectively reach the New Heartland?” Read all about it at ChangeThis.com

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#OpportunityAlert = the power of apprenticeships

Certainly my read of the Australian market at present is that Apprenticeships definitely have a role to play, and most importantly with our PrimeTime | Seniorpreneur demographic, either one of two ways: a) as part of the Exit Strategy for a Business Owner b) as part of the entrance strategy for those who want to take on a new role in life, maybe after executing the sale of a business… “There is a huge shift happening in the United States right now: a return to the time-honored tradition of apprenticeship. Apprenticeship is the Western World’s oldest form of occupational training,…

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Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi

Podcast: How to Avoid the Pitfalls of Selling Your Business – a conversation with Lorraine Pirihi by Denise Hall on Mixcloud I had the pleasure of talking with Lorraine Pirihi, from Relaunch your Life, about what is involved in selling a business and why it is imperative to start the process early. Yes, that old chestnut. Start with the end in mind, regardless of how old the business is! There’s much to consider, but the main takeaways are: Formulate your “A” team Understand timelines Be prepared to invest in accessing the specific skills sets you need to help Get the…

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#Ateam: Board Members that make absolute sense for Small Businesses…

Brendan Lewis, writing for Smart Company, raises very valid points in his latest piece “Killer Boards for Small Businesses“.. Forget accountants, marketers and lawyers, you can buy their services as you need. Forget industry doyens and professional directors, they are unlikely to be anything more than a distraction to a small growing business. What you want as a small business is additional directors that can help you with one or more of the following four tasks: 1. Grow revenues. 2. Raise capital. 3. Get the right people involved. 4. Exit the business. If they can’t help you with one of…

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Going out with a Boom Boom…PrimeTimers

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…

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