Recently I received a phone call from a man who wanted to sell his business. We began to talk, and early in the conversation, I detected holes in his story. In a nutshell, here is what he shared: His company’s current inventory had a retail sales value of $4 million. The markup on product cost [...]
If you’re thinking about getting outside or equity capital to help fund your business, there are some things you need to do first, that can make your business more attractive to investors. Follow these simple ideas, and you’ll be well on your way to raising the money you need. First, always talk to a qualified [...]
A direct public offering is when a company raises investment capital without the assistance of an investment banking firm. Shares of stock are sold directly to friends, family, customers, suppliers, employees and others. There are five main reasons why every business owner should consider conducting a public offering:1. Investment capital can generally be raised faster, [...]
Much has been written about salespeople from the perspective of how abrasive they are, how they are your best friend while trying to sell you, then never or seen or heard from again; how they will promise anything to get the sale, even when they know it is not likely to happen once the deal [...]
How do you know when it is time to go freelance? If the annoyances of working for someone else and being constantly micromanaged are getting to you, it may be the perfect time for you to consider quitting your job and starting to work as a freelancer. While it can be scary to leave a [...]
If you are trying to figure out how to add value to your business, small business accounting services may be the perfect solution for you. Many small business owners tend to resort to multitasking, on the pretext that hiring employees to perform every single function of the company is not feasible and cost effective. However, [...]
In this series of articles we will also discuss:1. Balance Sheet Explained2. Trading and Profit and Loss Account3. Adjustments of Final AccountsPreviously while discussing the basic accounting equation it was noted that A – L = P, where A represents assets (property and possession) owned by the business; L represents liabilities (claims against the business [...]
The law n° 94-01 of January 20 1994 door system of the forests, wildlife and fishing foresaw in his item 71(1) the stop of the exportation of timber to the end of five years, the objective being to favor the economical development of Cameroon while creating value added by the local transformation of a first [...]
In January 2008 Inc. Magazine, “Short on Cash?” in the Finance: Cash Flow column, the point was made that a factoring discount was an equivalent annual interest rate of 12 times the factoring discount rate. This hypothetical 12 times interest rate is then compared to a bank loan at a competitive annual rate. For the [...]
You the business owner have an asset that many other people wished they had built up, but never did. Yes, there are people out there dreaming to own their own business. When it comes time for the sale of a business, preparation is the key to success.Also through the sales process, seeing the business from [...]
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