The Art Of Selling Your Business

There is only one thing as satisfying and complicated as starting your very own business and that is selling your very own business and that’s because more to it than just dotting I’s and crossing T’s. Girl, we’re talking about the financial and emotional considerations that crop up during a sale.

The reason for this is simple: no one starts a company with the intention of selling it. You start a company to solve a problem you came across, to make a difference, improve your lot and do something cool. The idea to sell is one that comes out of nowhere, possibly because the market makes for that environment or because an outside offer landed on your door.

Whatever it is, though, there is a lot of planning that needs to take place, and that’s what we’re here to help with.

  1. Patience Is Key During A Sale

While most companies are sold to key employees because these people a) have a passion for the industry and b) know exactly how the business works, there is still a need for patience on your part. The reason we say this is because the length of time a sale takes hinges on who the buyer is. That said, whether it’s an internal buyer, a competitor in your area of a massive corporation wanting to take you on, the process always takes longer than people expect.

  1. Preparation Is The Secret Of Perfection

If you want to get the perfect deal, you need to be prepared and that means knowing the real value of your business. The best way to do this is to arm yourself with a legal expert, someone like Dickson Frohlich Law Firm, and multiple valuations depending on who the buyer is, the nature of the business, and the deal being proposed. The other thing that you will want to do os have all your financials at the ready, dating as far back as four years if needs be.

  1. Haggle With Your Responsibilities

One of the things the new owners will ask for is you be there to help shepherd your old employees into the new system. This is not uncommon, but it is worth negotiating what this request entails. That means the length of the commitment, what expectations they have for you and how this might affect your future plans. It’s also worth knowing what the ramifications of any refusal to do so are, of which the big hit will be the money offered as part of the deal.

  1. Know What Happens Next

Life after you sell is another huge area you need to look at. You will want to have some idea of what you do with your time, how you will spend your money and how you want your life to look. The reason for this is as much for your own sanity, as well as understanding whether a non-compete clause is something you are happy to sign. After all, this is a change of careers in a way.. The point is: do some analysis into life after the sale. It will help you out both personally and professionally.

On the Road Again: 4 Adventurous Career Paths That Don’t Require a Degree

If you are looking for a career that provides you with a lot of adventure, there are many options out there. While some may require that you have a higher level of education, there are actually many that do not require you to have a college degree at all. These jobs can provide you with a significant amount of adventure and can lead to a very rewarding career.

Travel Industry

One of the best industries that you can work in if you are looking to get a job that provides you with more adventure is the travel industry. There are many different jobs out there that will allow you to travel to very exotic locations, take customers on excursions, and do a variety of other activities if you are willing to entertain and deal with traveling customers. Those that are in the travel industry will be able to choose from a wide variety of places to work and live. Further, most of these jobs require very little education.

Truck Driving

Truck drivers today continue to be extremely important and valuable members of our economic society. Since they are needed to ship products all over the world, truck drivers that are looking for adventure and excitement will be able to find some very interesting places and routes to work. Educational requirements for these jobs are often minimal and come through companies like Florida Truck & Trailer CO and can provide you with a great career path.

Commercial Fishing

If you enjoy being out on the open water and can handle some danger with your job, becoming a commercial fisherman could be a great option. Commercial fishermen work out of seaside communities all over the world. They are often very well-compensated and do not have to work all that frequently as they typically will earn enough during the high seasons to cover living expenses for a year. To become one, you will not need a degree as most fishing companies would prefer to hire those with experience and passion.

Travel Blogging

If you would like to see a lot of the world, you could also get a great job becoming a travel blogger. While you could get a job working for a newspaper or online magazine, those jobs often require degrees in English or writing. However, you could start your own blog and documenting your journey.

When you are looking for your next job, it is important to find one that excites you and that you are passionate about. This passion will keep you focused and help to improve your chances of obtaining professional success.


Meghan Belnap is a freelance writer who enjoys spending time with her family. She loves being in the outdoors and exploring new opportunities whenever they arise. Meghan finds happiness in researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook right here and Twitter right here.

8 Simple Motivational Tips to Get Ahead in Business

When I started my first online business – self motivation was a bit of a problem. I hadn’t been someone who’d had problems meeting deadlines or getting work done in previous jobs when I was working for someone else – but with no clear deadlines in place for a lot of what I was going to do – it became harder. Self-motivation is one of the hardest things to master when it comes to setting up your own business – but if done right, it could help you take a step up to the next level.

If you’re looking to get motivated so you can make your business-life a success, hopefully these 8 simple tips will help you like they did me.

1. Do the hardest task first

A lot of people start small to build up momentum. While this can work, I found that I was often really just putting off the hardest, most important tasks. Do them first, then they won’t play on your mind for the rest of the week, and your other (easier) tasks should fall into place.

2. Find a dedicated workspace

It’s all very well working from home – but try not to work in front of the TV or in a room you use for loads of other things. That’s an in-built distraction factory you could do without. I actually started renting a little remote office-space in my local area. I didn’t use it all the time – but when I knew I needed to completely cut out distractions I’d work from there. It made it feel like I was going to work again, which I think gave me the will to act a bit more professionally and get more done.

3. Have a clear plan

Plans are important. If you know exactly what you’ve got to do that week – you’ll be able to stick to it much more easily. Don’t simply do tasks as and when they come – not only is it easier to forget things, it’s also easier to ignore important stuff.

Work through your plan in order, even if you don’t really feel like doing one of the tasks when you get to it. Doing it and not putting it off will actually make you feel better and increase confidence, making the next tasks even easier.

4. Take regular breaks

Working solid through the day isn’t a great idea. Give yourself a break to walk around and get a drink. Just make sure the break isn’t something like watching a bit of TV, where a few minutes could turn into a few hours of procrastination. Grabbing a bit of food and a drink is fine, but don’t use your breaks as an excuse to do something major that’s going to take more than 5-10 minutes. When you’ve built up a head of steam in your work, you don’t want to lose that because you’ve been doing something else for too long. But you also don’t want to burn-out through being too overworked.

5. Avoid distractions

This one kind of ties into a couple that we’ve already looked at – but distractions are bad news.

I used to take my laptop to the local coffee store and do some work there. While I thought the change of environment and extra caffeine was helping me – I was wrong. There was always something going on, something to look at, and something to interact with – and plenty of noise, too. Coffee shops might be fine when you’ve got a few light and easy tasks – but not if you’ve got serious work that needs doing. Leave them as a treat towards the end of the working week when you tie up some loose ends, rather than a regular thing.

If you’ve got a roommate – make sure they know when you’re working so they don’t disturb you. Switch the TV off, and avoid social media. If you use it for work, fine, but there’s a fine-line between productive social media marketing and an excuse to procrastinate. Don’t log-in to your personal accounts.

6. Hold yourself accountable

Tell people what you’re going to do so that they’ll hold you to it. Since you don’t have a boss – give yourself other people to make you accountable to.

7. Listen to music at the right time

You probably don’t want to be listening to music if you’ve got something important to think about. But if you’re on to your easier tasks and what to lighten the mood and give yourself a change of pace – some music could do the job. But don’t let the music become a distraction.

8. Meditate before you get started

5-10 minutes of light meditation at the beginning of the day really helped clear my mind from distractions and get me in a relaxed mood for working. I was no meditation expert – I just looked up a couple of newbie guides online – but it helped get my head in the right space for work and it’s something I continue to use regularly. Give it a try for a week or two, even if it’s not something you’d normally go in for.

 

About the author

These tips were by Keith Elton. Keith has years of experience in the business world and enjoys sharing his motivation tips with those new to the industry. He also recommends looking up some motivational quotes online if you’re looking for even more inspiration.

Cleanse Your Work Palate: What to Do In-Between Jobs

Being laid off or getting fired are, unfortunately, common events that many people will have to deal with at least a few times over the course of their professional career. While you may feel remorse for friends and family members when this type of event happens to them, you can feel a sense of panic or extreme stress when it happens to you.

Of course, some people who are currently out of a job may have quit on their own accord, and this may have been because of poor management or another similar type of issue. In any case, this professional gap can be stressful, but you can more easily navigate through this tumultuous time without scars by following a few tips.

1. Keep Calm and Focus

After losing or quitting a job, you may understandably feel confused or even hurt. It is normal to feel these emotions, so embrace them for a short period of time. During that period, consider everything from meditating to working out, blogging and more to get your mind off of the pain. You can and should spend time reflecting on what may have gone wrong in your previous position so that you can learn from it.

However, you should not dwell on negative emotions tied to those life lessons, but let them go so that you can move on with your life. Embrace this break from a work routine by spending more time with friends and family, relaxing, having fun, and enjoying the resulting reduced stress levels. After all, this break is only temporary, and you may soon find another job. By adjusting your line of thinking so that you focus on the transient nature of this break, you may be able to relax and enjoy a sense of calmness.

2. Enjoy Your Free Time

When you are not working regularly, you may have many hours in your day to enjoy at your leisure. Think of this time as a vacation of sorts that you can use to regroup and focus on your physical and mental health. Use it to reconnect with loved ones and to focus on nurturing these relationships.

You can explore new hobbies or interests that you have been meaning to try, such as taking dance lessons, cycling and more. If you have the funds to do so, you may even travel without concern about getting back to a job. Your trip will be much more relaxing than it would be if you had the stress of job responsibilities looming over you.

3. Make a New Financial Plan

A lot of individuals out of work for even a few weeks may begin to feel financial stress related to a lack of incoming funds. While you may want to enjoy your time off of work, practice moderation so that you can avoid overspending. Consider reducing your personal expenses so that you can conserve your savings. For example, you may cut back on cable TV, your entertainment expense, restaurant meals and more. You may also find a side job that can offset your lack of full-time income.

This could help you to stretch your savings for a longer period of time and reduce the financial strain that you may be feeling. If you are offered COBRA health insurance, consider the benefits associated with taking advantage of extended coverage for as long as it is available to you.

4. Get Back on Track

It is easy to get lazy when you have ample time to yourself each day. You may find yourself sleeping in regularly, spending hours watching TV and more. However, this can create boredom and may even lead to depression.

To prevent it, make a to-do list of items that need your attention around the house. Focus on improving your skills by working toward a new certification. Attend professional networking events and job fairs. You could even volunteer for an organization that supports a cause that you feel strongly about so that you feel productive each day. Another smart idea is to revise your resume and update your LinkedIn profile accordingly.

5. Start Looking for a New Gig

Many people will take a few days or even longer than week to enjoy their time off of work and regroup after quitting or losing a job. That is perfectly fine; however, you do not want to spend too much time taking it easy. The sooner you start looking for a new job, the sooner you may be able to start working and get your career and finances back on track.

While looking for job postings online, you should also network with personal and professional contacts to learn about jobs and to potentially get your foot in the door. If you are out of a job for an extended period of time, ensure that you follow forums, blogs, trade journals and more so that you can keep up with industry changes that may be relevant when you interview for a new position.

Tomorrow is Another Day

Regardless of why you are currently out of a job, your lack of gainful employment can seem like a stressful setback. You may even take your lack of income and your employment issues personally, and this could lead to depression. When you follow these important tips, however, you can navigate through this rough patch more comfortably, and you may more easily find a great new gig that takes your career to the next level.

Author Bio:

michelle_lauryMichelle Laurey is a freelance writer who enjoys fitness, relaxing in the fresh air, trying to live a healthy life and daydreaming about visiting new places (and actually visiting them). Her best ideas and problem solutions appear while she’s riding her bicycle. You can reach her via Twitter.

Are You Working with the Right People?

As you run your small business, think about all the different people that come into your life on a regular basis. You have employees, vendors, customers, those pitching their products, and many others.

With that in mind, how do you know if all these people have your best interests at heart One of the ways to go about learning more on someone is by background checks.

No, you do not need to spend time on a background check with everyone entering your life.

That said doing some research on those who will matter to you is not a bad idea.

What Should You Look for in a Background Check?

If you move forward with background checks, what exactly should you be looking for Well, the answer to that depends on how these individuals will incorporate into your life.

Here are a few examples:

  • Vendors – Hiring the right vendors to assist your small business can be a tricky proposal at times. While you may very well be on a limited budget, you still want quality products for your business. The best thing to know about vendors is if they’ve had any run-ins with the Better Business Bureau (BBB) and others. Always know who is supplying you with the products you need to run your company.
  • Customers – Often, you’re not going to delve into your customer’s backgrounds. Sure, you want to know what their spending habits are etc. but that is often going to be about it. On the flip side, if you’re a gun shop owner, you want to do background checks on those purchasing weapons. If you spot any red flags, make them know so the wrong individuals do not end up with weapons.
  • Partners – It is not uncommon for small businesses to look for partners. That is even more the case when financial times get tough. That said a background check of a potential partner is but one of the things you want to do. Even when you find out about their background, you must decide if working with them would be the right call.

Among the factors to consider:

  • Who will have primary control of the business or will it be 50-50?’]
  • Can you see yourself having joint ownership with one or more individuals? For some owners, sharing the fruits of their labor with others is something they’d rather not think about.
  • Will working with another manager or managers be an issue? Some individuals will find over time that their managerial styles will clash. Always iron out ahead of time what your expectations are and understand their goals too. By knowing all you can about how they’ve run their companies, you will be better prepared.

By doing a background check when you deem it to be appropriate, you are much more likely to find out what you need to know.

In some cases, that information can prevent you from making a bad business decision.

To set your brand apart from competitors, knowing those you are working with is worth your time.

About the Author: Dave Thomas covers business topics on the web.

 

Are You Ready to Move into the Flexible Jobs Market?

2017 might be the year when flexible jobs explode. For many looking to wrest some control back over their working lives, this could be the year. Flexible jobs give people the ability to have more control over when and where they work. For some this means cutting down from full-time, 9 to 5, Monday to Friday working, while for others it means taking their job and moving it to the spare bedroom. Initial results are showing higher levels of job satisfaction and higher rates of engagement and productivity within the work itself.

Flexible Jobs with Potential

According to Forbes.com, there are 20 jobs above all others which are primed to be the top flexible jobs of 2017. These are:

  1. Statistician
  2. Product Manager
  3. Physical Therapy Assistant
  4. Operations Manager
  5. Operations Analyst
  6. Office Manager
  7. Occupational Therapy Assistant
  8. Nurse Practitioner
  9. Nurse – ICU
  10. Medical Director
  11. Information Security Analyst/Manager
  12. Genetic Counselor
  13. Front-End Developer
  14. Financial Analyst
  15. Data Scientist
  16. Client Services Coordinator
  17. Business Process Analyst
  18. Business Development
  19. Account Manager
  20. Account Executive

With 63% of employees believing the 8 hour work day will soon be a thing of the past, it is worth considering if flexible work is right for you. The main considerations are financial and practical. Can you afford to work less? And can your job be done from home? Or can it be shared? Then you have to see if your company is willing to enter into flexible working arrangements. Reduced work, for example suits those with savings, stable income from a partner, or a second job/side hustle to fall back on or build up. Those on low wages with financial insecurity cannot afford the less work option, but may be able to wrangle a work from home remote position if it improves productivity for your employer.

Can You Go 100% Flexible?

For the above, it is mostly about reconstructing or renegotiating jobs you are already in. For many, this is not an option. The first decade of the 20th century saw an explosion of jobs relating to the Internet. So far, the second decade has seen working patterns fracture and become more flexible with more jobs being related to servicing online needs or performing everyday business tasks and services online. The so-called gig economy has been around for a long time, but it seems more prevalent now and has allowed many people fired from work to instantly get back up on their feet and move forward with their lives. Instead of applying for a steady stream of jobs, many people are able to brainstorm how to turn their situation into a job or at least a steady income be it driving people around or delivering items.

Make no mistake, the flexible lifestyle of a freelancer can be stressful. You do have the ability to work when you want, as you want, but each gig is not always well paying, and they may be hard to obtain too. You need tremendous self-discipline and the ability to go out there and make things work for you. Furthermore, whether a freelancer or a remote worker, flexible work needs a lot of organization and an ability to ignore distractions. Strike the right balance, work hard, and it can be a very rewarding lifestyle.

Jenny Holt is a former HR executive turned freelance writer, who now spends more time with her young family and ageing, but ever eager Labrador, Rover.

Job Boards Make Their Pitch for the Best Candidates

talented_candidateJob boards continue to be a mainstay for both companies looking to hire, and candidates seeking employment.

With so much competition within the recruiting landscape, how is it that job boards are holding their place with more than 40% of hiring activity taking place on them?

Here are some of the reasons why job boards continue to lure some of the more qualified candidates and the employers who need them….

  1. They Automate the Searching

Job boards are set up for automation.

When candidates input their information into fields and upload their digitized resumes, it makes it easy for the backend software to categorize and filter results for employers.

Recruiters can then input their own search terms and be presented with a list of matches that are actually rated for them.

Candidates may be rated as 100% matches, excellent matches or other, which results in a short list that happened almost virtually without any work by the hiring employer.

This is a great improvement over other hiring centers like social media, where the employer needs to make a great many decisions and filter candidates for them.

As the article, “4 Reasons Job Boards Continue to Lure Quality Candidates” notes, job boards have a major role in bringing in top-notch applicants.

  1. They Remain Current

In the past, when a candidate dropped off their paper resume to an organization, the papers would have been filed until a job opening occurred.

When a vacancy did appear, the resumes would then be sifted through for qualified candidates, but by then, many of those job seekers would have already found employment.

Job boards, on the other hand, always remain current.

After a candidate uploads their resume, they usually have the option of reporting their status as “currently seeking,” “under contract,” or “no longer seeking.” This allows them to keep their information on record, but to no longer receive job offers that they won’t be interested in.

On the flip side, employers can keep their job offers current, taking down job postings that have been filled, or instantly uploading new vacancy notifications.

  1. They Save on Footwork

Job candidates love job boards because they can actively and intensely search for jobs from the comfort of their own homes.

There’s no hunting down companies, knocking on doors or making awkward phone calls to friends asking if they know anyone who is hiring.

When times are tough and a person is unemployed, it’s comforting to know there are so many possibilities right at their fingertips.

  1. Searches are Private

If a person becomes unemployed, they can rely on job boards to give them thousands of employment options; some of which may fall outside their career description.

A candidate may be willing to accept a lower paying job or one that they don’t necessarily want to advertise to friends or family, simply to get through a tough financial time.

Job board searches are private and they don’t discriminate against seekers who are willing to set aside higher career goals in order to keep the lights on.

About the Author: Kate Supino writes about recruiting and the job market.