by theEmother | Feb 17, 2014 | business book club, business ideas & thinking, entrepreneurial mothers, inspiring women, MEinc, single parent l single mother, so you think you're in business, start with the end in mind
proudly brought to you by ChangeThis.com
“Inspiration is the most used and abused word in our daily existence. Whether it is business, politics, sports, or any other endeavor of life, inspiration is considered to be the panacea or silver bullet which can transform personal lives and propel organizations to unbelievable heights.
No wonder, everyone (individuals and organizations alike) is constantly seeking this transformational wonder and are expending an enormous amount of money and time in this search. It has come to such frenzy that a large number of experts have surfaced as inspirational gurus and are having a brisk commercial business by offering their expertise to inspire individuals and organizations.
However, despite this obsession to master the art of inspiration, most individuals and organizations do not achieve their desired goals and keep on guessing what went wrong.”
By Baldev Seekri for ChangeThis.com
by theEmother | Feb 14, 2014 | build a Mother of a Business, BUY a Business, Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, Online Strategy incl. www, 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
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
Spent much of this week working on one particular sale and continuing to explore the sale option with a number of Business Owners keen to chat.
Speaking of chatting, I caught up with a colleague of mine from the consulting game yesterday and he was saying that a number of consultants he knows are not particularly happy with the consulting path they’ve chosen, mainly because the DIY component is just too much.
But, given most of them are way too young to stop doing something and their job prospects are not looking promising, what else are they to do? BUY A BUSINESS of course!
There is a growing sense that now is the time to buy a business, especially if looking for a capped price. The reason being is that as more quality businesses come on to the market (as they are predicted to do), the prices will rise. So if you want to talk to me about your long held wish of being a business owner, seems like now would be the time to do so…
GOT A WEBSITE FOR SALE?
I was introduced to 2 website owners this week, who are now exploring the sale option. Good sites too. If you want to do same or you’re looking to buy a website (excellent bolt-on possibilities), please email me at dhall@businessbrokers.com.au
And you…what does 2014 bring?
If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…
FOR SALE…
BS30 Online Venue Business
Completed Sellability Score
2 new inquiries have come through and waiting to hear back from them
BS43 Tourism
Deposit locked and loaded. Settlement now set for February 17. Mainly due to last minute Legal consultation queries! When it’s a good thing, it pays to act quickly.
BS49 Home Help…
One party is very interested. The potential has been well and truly revealed so it’s down to price and the level of comfort required to “pull the trigger” as they say in the classics!
BS53 Balloons! and all that goes with them…
Such corporate appeal, so untapped. It’s waiting for the savvy operator that can see past the retail component and tap into it’s possibility as a warehouse servicing the larger players. And it probably needs to be a local. Shall do a database trawl and see what that reveals too.
BS57 Online Business
Signed good to go. It’s making money! Have received signed authority’s and in the process of developing the IM now. Stay tuned.
Others I’m talking too.. are you interested in?
- a particular event
- event management
- corporate cleaning offering
- specialty educational toys
- “experiential” advertising and events provider
- niche in building trade (viz Sellability Score)
If yes, let me know as these revealed themselves this week…
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!
by theEmother | Feb 13, 2014 | build a Mother of a Business, business ideas & thinking, buy | sell websites, BUY a Business, Buy a Mother of a Business, entrepreneur trends (past & present!), Finish Unfinished Business, Online Strategy incl. www, so you think you're in business, start with the end in mind, the business model
Back not so long ago, there were the boom-and-bust years of the WWW when companies paid big bucks for what appeared to be unprofitable online businesses/websites. A sort of gold fever gripped investors: some became almost instant millionaires and others, well many others went the other way, in a big way!
Since the bubble burst, however, the online market has established at a more measured and sustainable pace. Trends show that there are sites that continue to increase in value across the board and the trend remains upward.
This environment presents ample opportunity for successful speculation. Just like the physical property market, the online property market is rightly being regarded by many as a great place to make not just a quick profit, but—potentially—a living.
As with a property, you can buy a web site and have it increase in value over time without having to do anything but maintain it (although the value of physical property depends on the scarcity of real estate, which is unlikely ever to be a problem online!). [“Flipping Websites for Profit“]
As with any business purchase, there are steps to this process:
1. Locating an online business you want to buy
2. Negotiating and completing the sale
3. Adding value to the business
4. Making the decision what to do next – do I keep it? or do i sell it?
5. If part of an existing business’ online strategy, is it doing its job? has it lived up to expectations? is it time to buy another one perhaps?
Lets look at Step 1.
How do you find an online business to buy?
Do you know of one being sold, that you’re interested in?
How do you know what you’re looking at, really? How do you analyse it?
I’ll into more detail about these points next week…
by theEmother | Feb 12, 2014 | build a Mother of a Business, business ideas & thinking, Finish Unfinished Business, Online Strategy incl. www, so you think you're in business, start with the end in mind, the business model
OK, so you’ve decided to embark on an Online Strategy.
After going through the “Why” exercise, you’ve decided that it makes sense to do so.
Now what?
WHO IS GOING TO DO IT?
Thinking of your typical offline business, if I was to ask you to draw up the organisational chart, who’s name will feature?
If it looks something like this, how do you propose to add the online activities in now as well?:
Management = YOU
Marketing = YOU
Sales = YOU
Operations = YOU
Financials = YOU
(Mentor = the entrepreneurial mother® of course! 🙂
Layering another load of activity on your shoulders, without taking care of the offline day-to-day, doesn’t make sense does it? You may be no better off and in fact go a little backwards because you’ve put yourself under even more pressure…
As you are well aware by now, if your Business solely focuses around YOU and selling it is was what you eventually want to do, then taking on even more does not equate to sound business practice now does it?
Starting with the end in mind TODAY, regardless of how old your business is means you start to, slowly but surely, systemise your Business so you can replace your name in each of the WHO boxes. Executing your Online strategy is no different.
Think about what you want to do and who else can do the rest?
And of course, how an arrangement can be struck whereby it is fair and equitable for both parties…
by theEmother | Feb 11, 2014 | build a Mother of a Business, business ideas & thinking, Consultant EXIT Options, entrepreneurial mothers, Finish Unfinished Business, MEinc, so you think you're in business, start with the end in mind, the business model
you can’t WIN unless you first begin, so START now…
Continuing on from last weeks post…
Organising your thoughts first and then your business…
Right Thinking leads to Right Actions
First we THINK about what we want to do.
Having thought it, we must DO it. To that end…
1. Create a story about your business
Your story should be an idealised version, a vision of what the preeminent in your field should be and why. Your story must become the very heart of your business. It must become the spirit that mobilises it, as well as everyone who works for it, buys from it, sells to it and lend to it.
2. Organise your business so that it breathes Life into your Story
Unless your business can faithfully replicate your story-in-action it all becomes fiction.
- identify the key functions of your business
- identify the essential processes that link those functions
- identify the results you have determined your business will produce
- clearly state in writing how each phase will work
- take it step-by-step
3. Engage your people in the process
“What do I want?” becomes the first question; not, “What do they want?”
Be clear with yourself. And if it’s only you, then so be it!
It’s important to know:
a) exactly what you want?
b) how you intend to proceed?
c) whats important to you and what isn’t?
d) what you want the business to be, how you want it to act, and where you want it to go?
The story is paramount, because it is your Vision.
You must Love your Story for it to become a reality.
Tell stories that come to Life in the form of the business.
by theEmother | Feb 7, 2014 | build a Mother of a Business, buy | sell websites, BUY a Business, Buy a Mother of a Business, 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, TEMpting, the business model
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
Spent much of this week working on one particular sale and continuing to explore the sale option with a number of Business Owners keen to chat.
There is a growing sense that now is the time to buy a business, especially is looking for a capped price. The reason being is that as more quality businesses come on to the market (as they are predicted to do), the prices will rise. So if you want to talk to me about your long held wish of being a business owner, seems like now would be the time to do so…
GOT A WEBSITE FOR SALE?
If yes, please email me at dhall@businessbrokers.com.au
And you…what does 2014 bring?
If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…
FOR SALE…
BS30 Online Venue Business
Completed Sellability Score
2 new inquiries have come through and waiting to hear back from them
BS43 Tourism
Deposit locked and loaded. Settlement set for February 10.
When it’s a good thing, it pays to act quickly.
BS49 Home Help…
One party is very interested. The potential has been well and truly revealed so it’s down to price and the level of comfort required to “pull the trigger” as they say in the classics!
BS53 Balloons! and all that goes with them…
Such corporate appeal, so untapped. It’s waiting for the savvy operator that can see past the retail component and tap into it’s possibility as a warehouse servicing the larger players. And it probably needs to be a local. Shall do a database trawl and see what that reveals too.
BS57 Online Business
Signed good to go. It’s making money and it dropships! Have received signed authority’s and in the process of developing the IM now. Stay tuned.
OR
Are you interested in
- a particular event
- event management
- corporate cleaning offering
- specialty educational toys
If yes, let me know as these revealed themselves this week…
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!
