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Casual Articles - Be Prepared When Business Investors Look Beyond Your Business Plan
There are some tactics you can action whatever you wish for from your career. Whatever you might think right now, you have all the tools you need for a career which give you joy and fulfilment. You might not think that possible, or that it will leave you cash poor. But that's not usually the case. Your life can change within your control.Those who are the best at Career Development...Recognise UneaseThey see within themselves that they are not as happy as they should be and take steps to find out why.Get CreativeThrough the murk and confusion, they are able to step back and see the big picture and leave nothing out as options. Understand their ValuesBy finding out just what is truly important to them - what gives them a real buzz, they use this to create a picture of what it is they
Outdated financials. The lack of monthly financial statements or detailed cash flow projections or, for an on-going business, statements that are not prepared on time are all indications of a loosely run operation or a lack of planning.
Management
Continual crisis. Business investors watch closely for signs of weakness in you or your management team. Constant interruptio
I love foreign delicasies. Those oriental delights are some of the tastiest snacks I have ever eaten here in North America.Imagine the peanuts and chips you find at restaurant and bar scenes. Now what if you discover the joys of your local restaurant and bar are no longer restricted to the consumption of alcohol.North America is growing and so too are the ethnic communities within it. Visit any Chinatown, Little Italy or India etc. and the sight of exotic snacks becomes just as common as the familiar beer and peanuts in your local restaurant and bar.The restaurant and bar scene is hot in immigrant neighbourhoods and is expanding to include every exotic cuisine that visitors could ever dream of.The sushi restaurant and bar is a great example of how the most successful restaurant and bar entrepreneurs incorporate traditional Eastern and
Great! What’s “due diligence?
Due diligence is a thorough examination of available facts, references, books, records, etc. of your business and business plan.
And, what exactly should you expect during due diligence?
Skepticism...
Business investors want to be sure there are no skeletons in the closet and that your venture is not the next Madison Priest "black box technology" -- a revolutionary technology that claimed to allow ordinary phone lines to transmit data into people's homes at rates faster than fiber optics. By staging impressive demonstrations, Priest convinced private business investors and seasoned companies, such as Blockbuster and Intel, to invest money in his venture. In the end, Priest's 'magic box' was nothing but a high-tech hoax.
In addition to a detailed analysis of your financial statements, business investors will hone in on four key areas: finance, management, manufacturing, and marketing. Specific concerns in each area are as follows:
Finance
Cash. Cash is king. It's the lifeblood of all businesses - start-up or on-going businesses. Business investors know this. They will spend the time understanding your cash flow assumptions and, if you're an existing business, they'll analyze your cash management practices. Poor cash management or shaky cash flow projections are immediate red flags.
Profitability. Expect investors to compare your actual or projected gross margins from year to year. This provides a quick indicator of your historical or projected manufacturing efficiencies and pricing environment. It can also highlight potential control issues, excessive overhead, or under pricing strategies to capture market share.
Bank problems. Out of compliance financial ratios, scrutiny from banks, or suspect bank relations - personal or business - are all red flags to business investors about how you manage your financial affairs.
Outdated financials. The lack of monthly financial statements or detailed cash flow projections or, for an on-going business, statements that are not prepared on time are all indications of a loosely run operation or a lack of planning.
Management
Continual crisis. Business investors watch closely for signs of weakness in you or your management team. Constant interruption
If we don't tell you this, we have failed as your friend. It has helped most of our clients.This is it: First Mirror the HenI was recently in Africa on holiday when something extraordinary happened.I saw a hen walking along a path and decided to walk along side it. At first, the hen was walking much faster than I was in order to get away from me and I did the natural thing a man could do, reduced my speed in order to let the hen feel it was gaining an advantage so as not to scare it away.When the hen realised I could pose no threat to it, it reduced it's speed and I caught up with it eventually.What happened next was extraordinary, I decided to walk at the same pace as the hen by mirroring it's every movement. At first, the hen was confused but it played along. After a while, I decided to pick up the pace and guess what happene
Skepticism...
Business investors want to be sure there are no skeletons in the closet and that your venture is not the next Madison Priest "black box technology" -- a revolutionary technology that claimed to allow ordinary phone lines to transmit data into people's homes at rates faster than fiber optics. By staging impressive demonstrations, Priest convinced private business investors and seasoned companies, such as Blockbuster and Intel, to invest money in his venture. In the end, Priest's 'magic box' was nothing but a high-tech hoax.
In addition to a detailed analysis of your financial statements, business investors will hone in on four key areas: finance, management, manufacturing, and marketing. Specific concerns in each area are as follows:
Finance
Cash. Cash is king. It's the lifeblood of all businesses - start-up or on-going businesses. Business investors know this. They will spend the time understanding your cash flow assumptions and, if you're an existing business, they'll analyze your cash management practices. Poor cash management or shaky cash flow projections are immediate red flags.
Profitability. Expect investors to compare your actual or projected gross margins from year to year. This provides a quick indicator of your historical or projected manufacturing efficiencies and pricing environment. It can also highlight potential control issues, excessive overhead, or under pricing strategies to capture market share.
Bank problems. Out of compliance financial ratios, scrutiny from banks, or suspect bank relations - personal or business - are all red flags to business investors about how you manage your financial affairs.
Outdated financials. The lack of monthly financial statements or detailed cash flow projections or, for an on-going business, statements that are not prepared on time are all indications of a loosely run operation or a lack of planning.
Management
Continual crisis. Business investors watch closely for signs of weakness in you or your management team. Constant interruptio
A loss adjustor evaluates damage done to people or property when an accident occurs that is being claimed on insurance. If a motor vehicle is involved in a collision, the loss adjuster would go and see the vehicle to determine the amount of damage done to the car and report the information back to the insurance company. The reputation of the insurance company with its clients lays a lot with the loss adjusters doing their jobs because it is their information which will determine the restitutions made to the client for their insured property or person.The loss adjuster would first verify that coverage for the damage is covered through the insurance policy the insured person holds with the insurance company. A loss adjuster will investigate who is liable for the damages caused and make restitution to the insured person for the damages based on the damages t
In addition to a detailed analysis of your financial statements, business investors will hone in on four key areas: finance, management, manufacturing, and marketing. Specific concerns in each area are as follows:
Finance
Cash. Cash is king. It's the lifeblood of all businesses - start-up or on-going businesses. Business investors know this. They will spend the time understanding your cash flow assumptions and, if you're an existing business, they'll analyze your cash management practices. Poor cash management or shaky cash flow projections are immediate red flags.
Profitability. Expect investors to compare your actual or projected gross margins from year to year. This provides a quick indicator of your historical or projected manufacturing efficiencies and pricing environment. It can also highlight potential control issues, excessive overhead, or under pricing strategies to capture market share.
Bank problems. Out of compliance financial ratios, scrutiny from banks, or suspect bank relations - personal or business - are all red flags to business investors about how you manage your financial affairs.
Outdated financials. The lack of monthly financial statements or detailed cash flow projections or, for an on-going business, statements that are not prepared on time are all indications of a loosely run operation or a lack of planning.
Management
Continual crisis. Business investors watch closely for signs of weakness in you or your management team. Constant interruptio
Have you ever been at a coffee shop or party and you start to talk someone and you think it is just friendly conversation. Next thing you know you are engaged in talking about your family, job and life in general.Then the next thing you know the conversation leads to discussing a new business, purchasing of stocks, multi-level marketing business or you find the other person is trying to sign you up for religion?You know it always irks me these folks who hang around at coffee shops to sell people something, recruit them for a religion or some bogus loser multi-level marketing scam. Even worse when these people invite themselves to a party and you assume they are a friend of someone there or the person who is having the party.Actually they invited themselves there and are not really friends with anyone, merely new acquaintances and then they s
Profitability. Expect investors to compare your actual or projected gross margins from year to year. This provides a quick indicator of your historical or projected manufacturing efficiencies and pricing environment. It can also highlight potential control issues, excessive overhead, or under pricing strategies to capture market share.
Bank problems. Out of compliance financial ratios, scrutiny from banks, or suspect bank relations - personal or business - are all red flags to business investors about how you manage your financial affairs.
Outdated financials. The lack of monthly financial statements or detailed cash flow projections or, for an on-going business, statements that are not prepared on time are all indications of a loosely run operation or a lack of planning.
Management
Continual crisis. Business investors watch closely for signs of weakness in you or your management team. Constant interruptio
You know you're good...real good. The problem, though, is that you are struggling to demonstrate just how good you are on paper.Ah...the resume. If you've ever written one you know what a challenging task it can be.The Gregg Reference Manual tells us some fundamental facts about resumes:The purpose of your resume is to get you an employment meeting. An interview. Your resume will not get you a job.Your resume is not a medium for telling prospective employers about your long-term goals and aspirations. It is where you appeal to their hiring motivations by demonstrating what you can do for them, communicating the experience you have acquired and skills you have developed.With these basic concepts in mind, let's summarize several other elements that your contemporary resume must include:<
Outdated financials. The lack of monthly financial statements or detailed cash flow projections or, for an on-going business, statements that are not prepared on time are all indications of a loosely run operation or a lack of planning.
Management
Continual crisis. Business investors watch closely for signs of weakness in you or your management team. Constant interruptions by emergency phone calls and demands for immediate decisions are signs of disorganization and lack of management.
Substantial changes in key personal. Unusual turnover in key management positions can be viewed as a lack of leadership.
No changes in senior management for many years. An established company with little or no changes in the management team can indicate a stagnant business, not current in new methods or processes, or a very autocratic management style.
Lack of pride or enthusiasm. Seasoned business investors can just sense the true tempo and spirit of an operation and its management team. Ask them how they do it and they'll tell you it's a sixth sense or gut feel. Nonetheless, it is something they are looking for and expect to see and feel.
Manufacturing
Outdate methods and processes. Your manufacturing and service methods and processes provide a quick indication of your ability to compete in the markets you serve and shift gears if the business doesn't go as planned. Even if you're a start-up, business investors will want to know the methods and processes you plan to use to manufacture your product or provide the services you plan to offer.
Rejects. If you are already in production, investors expect you to know your reject rates, the problems causing them, and the quality controls you have in place. How you handle rejects is an important issue to business investors. Remember, rejects are not limited to only production rejects. They also include missed service calls, late deliveries, and other process failures.
Just in time (JIT). Inventory is often the first place business owners and entrepreneurs get into trouble. Too much of it and you can quickly run out of cash; too little and you'll quickly start missing deliveries and losing customers. How well you manage inventory and understand it is a key strength business investors are looking for in the management team.
Sales per employee. The measure of overall productivity is a good, simple benchmark investors can use to measure your historical or projected performance
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