February | 2013 | wealthymatters

Checklist To Improve The Valuation Of Your Business

February 10, 2013 4 Comments

wealthymatters

Ways To Bump-up The Valuation Of Your Business

Dream Team
The ideal management consists of people who have been part of successful mega-deals, have depth in your industry, and worked together as a team. Sadly, there’s no such group. But some get close. Tap them.
Board Seats
Ensure a majority of board consists of outsiders. Try and attract some well-known luminaries without cash, and build on their reputations to benefit your own valuation.
Clever Affiliations
Part of the concept in both Dream Team and Board Seats is to build value by affiliation. The concept can be extended to contract, outsourcing, and joint venture deals.
Solve a Problem
Whatever the product or service you offer, it must solve some human problem that is not solved better elsewhere. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with affiliations, business plan, deal structure, dream team, full disclosure, How to improve the valuation of your business?, How to improve the valuation of your company?, outsiders on the board, postaday, product line up, protecting intellectual property, testimonials

Making Your Business Saleable

February 10, 2013 1 Comment

wealthymatters

Even if you are not the sort of person to build a business to take it public or sell it to a strategic buyer,it makes sense to build a business you can sell. After all there might be a day when you can no longer work and your business might be one of your major assets;An asset you can no longer manage or your children might not take to business or perhaps a particular business despite all your efforts to groom them etc.So who knows when you might find yourself using BizBuySell or something else along the lines?

With the day-to-day demands of running businesses, most owners put off getting a valuation until a sale is imminent. But its a good idea to start treating the valuation of businesses as an integral part of running them. If you like to think you’re building something that you can sell someday and don’t focus on valuations, you don’t know if you really are. BizEquity and uValue, an iPhone app developed by Aswath Damodaran, a valuations expert at the Stern School of Business at New York University, might be places to begin. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with asset approach, BizBuySell, BizEquity, business brokers, chartered accountant, earnings multiple, exit strategy, explanation for valuation, improving the valuation of a business, income method, market approach, postaday, uValue an iPhone app developed by Aswath Damodaran of the Stern School of Business at New York University, valuation as a planning tool, valuing your business

Coping With Change

February 10, 2013 2 Comments

Cope with change by staying calm, adaptable and open to support.

Here is some excellent advice from Alex :

Life is always changing, often those changes can be unexpected and those things that we tend to take for granted can be lost to us.

Change in life is rarely rainbows and happy smiles, more likely unexpected shocks that are challenging and sometimes traumatic. Change presents challenges and uncertainties that change relationships.

The first rule in dealing with change is to stay calm. If you lose your head you are going to make mistakes and cause more problems for yourself.

The second rule is to adapt to the change. No point fighting to oppose and control change. Better to flow with the change.

The third rule is call in support, a friend or ally to help you cope with the change.

Filed under Entrepreneurship, Tool Kit Tagged with adapt to change, challenges, coping with change, postaday, stay clam, support system, uncertainities

The Chobani Story

February 10, 2013 2 Comments

wealthymatters Chobani is a brand of Greek yogurt.Five years ago,the brand had next to no revenue.This year the revenue will be more than $1 billion.The brand grew more than 2662% in the last three years and has made its sole owner,Hamdi Ulukya,a billionaire.

Hamdi grew up milking sheep at his family’s dairy in Eastern Turkey. He ate the thick, tangy yogurt of his homeland day and night. He claims that his mother made the most amazing yogurt and that he and his five brothers fought over who would get the scrim of cream on the surface.

After studying political science in Ankara University,he came to New York City in 1994 to learn English. Uncomfortable in the city, Hamdi moved upstate, where he found farm work while attending classes at State University of New York at Albany. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with billionaire, buying second hand plant and machinery, bypassing distributors, Chobani, dairy billionaire, Dannon, Euphrates feta cheese, Fage, feta cheese, Greek Yogurt, Hamdi Ulukya, hiring technical and sales staff, importance of packaging when advertisement budgets are low, Kraft Foods, Kyle O’Brien, Mustafa Dogan, organic foods, packaged food billionaire, packaged foods start-up, postaday, premium foods, US Small Business Administration loan, Wholefoods, Yoplait

Highlights Of The Toys For Big Boys Expo-Dubai

February 9, 2013 2 Comments

The Big Boys Toys Show in Dubai attracts millionaires from around the world who are in search of six-and seven-figure luxury toys of all shapes and sizes.

Here are some of this year’s highlights: