Archive for September, 2010

Sep-30th-2010

Liquidating your Business Assets Can be an Efficient and Prudent Exit Strategy

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In today’s dynamic business environment you’re either Growing or Going…out of business that is! If you’re part of the latter contingent and have made the decision to get out of a business but are unable to transition your business internally or sell it as an intact entity, full or partial liquidation of assets may be an appropriate exit strategy. Asset liquidation can provide quick cash and assist in diversifying equity. However, before you terminate your lease, sell a key piece of equipment, or disconnect your utilities, make sure you have a well-thought-out plan.

Getting out of business successfully requires careful planning from start to finish. If you are looking at asset liquidation as a part of your exit strategy, consider incorporating the following recommendations into your plan to increase your chances for success.

1. Talk to your lawyer and accountant.

2. Establish the liquidation value of your assets; remember liquidation vs. retail value can differ substantially.

3. Identify the best venue and timetable to sell your assets.

4. Arrange the sale at the most appropriate location with an expert.

5. Use a non-recourse bill of sale.

Sep-26th-2010

Black Women Entrepreneurs : the 7 Traits to an Exceptional & Successful Business

How often have you either referred to or considered the expression, “Success is a journey and not a Destination?” Probably many times, yet often being in a hurry to get there, we forget that success is not an end unto itself, but is instead an ongoing process.

Though some people seem to have the Midas touch and easily turn everything to gold, most of us have to give our endeavors lots of time, effort and the sweat of our brow before seeing things come to fruition. The simple truth is that the majority of us are simply not born leaders, but become leaders by who we are and the actions we take. Consequently, whether or not you’re an established entrepreneur or just starting out on your journey, there are particular traits you’ll usually find operating within the exceptional women entrepreneur. In fact there are 7 particular traits you’ll generally discover deeply embedded within the exceptional and successful businesswoman.

If you’ve already taken the plunge as an entrepreneur, you know that it takes a great deal of planning, development and strategic marketing to succeed. At any given time, there are changes to be considered and new directions to examine. In which case, whether you’re the CEO, CFO, Chief Marketer or Chief Solutions Officer of your company, your journey to success is probably full of trials and tribulations.

Sep-20th-2010

Career Development Centre: Guiding you towards a right career track

Career Development has become a primary responsibility and an essential requirement for every individual in any organization. A profound career development skill can help an individual to meet the constantly changing needs of the market.

Career Development can be discussed under two perspectives- organizational and personal career development. Organizational development looks at how concerned individuals manage their careers within and between organizations. Personal career development aims at individual career development to bridge his skills with his career objectives.

Decision making is one of the toughest obstacles that an individual faces before he finally gives a kick start to his career. A right Career Development Centre can provide a great deal of help and support while launching one’s career. An individual’s career skill varies from another. So, choosing a right career needs proper counselling and lots of research works. An ideal Career Development Centre will help you sort out your professional skills, launching your career towards a right track. For a successful career path, it’s advisable to take counseling and guidelines from a renowned career development centre.

Why Career Development Centre has become a great demand in the market?

Career Development Centre has become a great demand in the market because:

Sep-15th-2010

Getting Out of Business is a Process

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Getting out of business is a process. The length of time required to complete the process is directly related to the complexity of the business, and the circumstances underlying the decision to get out. Planning how you exit your business is just as important as how you started it.

The exit process, timing of events; and tasks associated need to be tailored to the type and complexity of the business. Each case is individual because reasons for dissolution differ, and problems that arise are unique to each circumstance. The following checklist contains key elements that should be evaluated as early in the exit process as possible to eliminate pitfalls later on.

The process for exiting a business should include evaluation of the following points:

1. Engage Professionals & Consultants as Team Members.

2. Prepare a List of Assets & Perform a Physical Inventory.

3. Perform a Valuation of the Business.

4. Prepare Detailed Plan & Assign Responsibilities.

5. Release Announcements & Notices.

6. Conclude or Transfer Contract Obligations.

7. Dispose of & Transfer Assets.

8. Settle Accounts Payable & Debt Obligations.

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