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Considering Selling Your Business? How to Boost Your Company's Value Before Selling

3/22/2019

 
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As the saying goes, “never judge a book by its cover.” The same can be said about a business. There are many factors to consider in order to determine the value of a business. It does not merely come down to numbers in a financial statement. If you are considering selling your business sometime in the future, there are a few things you can do to maximize the value of your business.

1. Product or Service Positioning Your product or service positioning is where you can set your business apart from competitors. A position in the market is something that goes far beyond monetary value. A prospective buyer will be interested to know that your business is the one to beat - the one with an edge above its competitors.
In order to reach this positioning, you must do your market research and establish your brand as the one all customers can depend on. That customer loyalty will help both your position and your bottom line.

2. Profitability and Revenue StreamsA successful business has not only determined how to increase profitability but has developed a revenue stream that cannot be easily tampered with. With or without your management, this stream is guaranteed to succeed, making any potential buyers comfortable with purchasing and taking over where you have left off.

3. Document Efficient ProcessesOnce you have determined effective profitability and management, you should write it down. This business plan is one that can be handed off to a new business owner once you have decided to retire and/or sell. An effective and documented process will make your business that much more valuable to a prospective buyer who wants to not only purchase your business as it currently stands but wants to continue to grow it and make a profit.

4. Trained StaffA business is only as good as its employees. Investing time and money in hiring and training your employees will translate to better daily management and overall greater profitability. Customers want to come back to stores and businesses with great products and excellent service. A prospective buyer will be interested in acquiring well-trained staff who have a sense of pride in their job.

5. Consult with a Transworld Business BrokerThe professionals at Transworld Business Advisors are equipped in both the selling and buying processes for businesses of every size and in any industry. The best, and easiest, way to maximize the value of your business is to consult with a personal business broker who knows the ins and outs of your business. It is their job and priority to help you get on the right track. With a network of vetted buyers, they have the resources and support you need when you are ready to sell.

When you’ve reached the point where you are considering selling your business, you are also likely thinking about the value of your business and what you can do to boost it. The experienced business advisors at Transworld are ready to guide you through the sale process and that includes determining the value of your business and setting an asking price.

We also offer a FREE Business Valuation Survey! Just follow this link: Business Valuation

Spend just 10 minutes to complete this survey, and you will get a business valuation, conducted by a knowledgeable business broker, sent to your email within 2 business days!

https://www.rootenergyadvisors.org/whats-my-business-worth.html

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The Benefits of a Couple’s Massage

3/16/2019

 
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By now, most people understand the mental and physical benefits of a massage. But, what are the positive effects it can have on a relationship?

  • Something you both can enjoy: Every person is different, that is no secret. Sometimes it is hard to find something to do that you both will enjoy doing together. Look no further, friend. A massage is something that can be done together but is customized to each guest specific needs, both of you are sure to enjoy!
  • Think outside of the box: Tired of the going to the same three places on date night? Mix it up with a couples’ massage! Not only will you get to experience something new, but it will potentially jump-start a whole new area of relaxation for you and your partner to explore.
  • Quality time together: With today’s demanding work and home schedules, it can be tough to find a way to reconnect with each other. A couples’ massage is a great way to set aside, at least, 60-Minutes of time to spend together with each other.
  • Increases feelings of affection: Massages have been known to increase oxytocin, more commonly known as the “cuddle” chemical. Not only will you leave the massage feeling relaxed and stress-free, you will also feel closer to the one you love!
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Advertise My Business for Sale: How and Where to Market Your Business

3/16/2019

 
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Need to advertise that your business is for sale? Even the most successful business owners often lack the experience and time to advertise that their business is for sale while running day-to-day business operations. Fortunately, working with a business broker can help you target and reach potential buyers for your firm while keeping the potential sale of your company confidential. Additionally, when you work with a business broker, you obtain the best price, get a proper market valuation of your business and maintain focus on optimizing your business for sale.

PreparationPart of advertising your business for sale is ensuring that the business is ready to go on the market. Before advertising your business, your business broker will work with you to make sure that your business is prepared for the marketplace. Preparation involves getting your business's financials, tax returns and other documents such as leases and contracts in good order and ready for review by potential buyers. Additionally, a business broker will help you understand the potential market value your business, ensuring you get the best price and terms for your business at the time of sale.

AdvertisingBusiness brokers have the budget, resources, buyer audience and skills to advertise your business for sale in ways that you cannot do alone. Most brokers offer a database of listings where potential buyers can perform searches and find information about your business. In addition, most brokers have a collection of buyers to contact, and they are able to reach out to new potential buyers through proven marketing strategies.A business broker's expertise and experience means that they can professionally advertise your business for sale according to the specific nuances of your industry and the local market. Brokers understand the values of buyers in your industry and market, allowing them to highlight the best aspects of your business for sale in order to generate buyer interest. With the right presentation and packaging, buyers will become interested in your business to the point of making a formal offer.

Keeping the Sale ConfidentialAs you may know, keeping your sale confidential from employees, customers, vendors and potential buyers is critical when advertising your business for sale. Good business brokers take this seriously and will emphasize confidentiality from initial advertising through every other step of the selling process.At the outset, a business broker will advertise your business for sale using a ""blind profile,"" a listing or document that presents accurate and appealing information about the business without revealing its identity. Brokers know exactly how much information to include in the listing in order to generate the interest of buyers while keeping your personal and business identity confidential.As buyers begin to respond to your business's advertising, brokers will further ensure confidentiality by qualifying buyers and presenting them with a Confidentiality Agreement to sign before revealing more information about your business. Working with a broker also means you have an offsite space to meet with potential buyers.

Finding the Right BuyerBusiness owners who want to advertise their business for sale want to get in touch with the perfect buyer. For many, this means getting the best price and having a potential buyer with the right purchasing capabilities. Depending on your motivations, goals and interests, however, the right buyer might also be one who can continue the company culture and legacy. Since a broker has access to thousands of potential buyers in your area, they can spend time with you assessing buyer's skills, interests, financials and abilities.Working with an experienced business broker, like Transworld Business Advisor, provides you with the most effective tools and expertise to advertise your business for sale. Many of Transworld's brokers have experience as business owners, and all have experience in advertising businesses for sale in your specific industry. In addition to our brokers' drive and sophistication, Transworld spends more money on advertising than anyone in our industry to find you the right buyer. If you are prepared to sell your company, Transworld is ready to sell it for you.

We also offer a FREE Business Valuation Survey! Just follow this link: Business Valuation

Spend just 10 minutes to complete this survey, and you will get a business valuation, conducted by a knowledgeable business broker, sent to your email within 2 business days!

https://www.rootenergyadvisors.org/whats-my-business-worth.html
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Keeping Your Heart Healthy!

3/16/2019

 
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High Cholesterol and blood pressure, inactivity, and stress: these are just some of the risk factors leading to an unhealthy heart. How do you manage the risks contributing to heart disease? Physical activity is one way to help minimize the risk, but do you know regular massage therapy has been proven to reduce your risk of high blood pressure and heart disease? The Benefits Program Membership at LaVida Massage is designed to give you the opportunity to take care of your heart, among other things, conveniently and affordably.
One of the major issues associated with high blood pressure and other heart related issues is that they have very few visible symptoms. In most cases, individuals learn they have cardiovascular disease after it has already done damage, such as a heart attack or stroke. Men and women are equally likely to be affected by high blood pressure and few know age is not a major contributing factor. Therapeutic Massage can lower both systolic and diastolic blood pressure, and our professionally trained and Certified Massage Therapists at LaVida Massage can assist with relieving tension that may cause damage.
Regular massage can also contribute to increased circulation in the body. A major part of keeping your heart and other muscles healthy is maintaining constant and unhindered circulation of blood. Improved blood circulation is central to the health of all muscles in the human body, especially the heart, and is vital for the repair of muscles and distribution of oxygen-rich blood. When a trained massage therapist manipulates the body, the movements directly remove old and stored blood, as well as toxins that have built up- drawing new blood to the area.
Let the Certified Massage Therapists at LaVida Massage help you achieve your optimum wellness for a healthy heart. Stop by any of our LaVida Massage centers and see how we can help you!

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Are You Ready to Buy a Business?

3/16/2019

 
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Once you have made the important decision to take control of your financial future by buying a business, you are bound to have questions about the purchasing process. Although the process of buying a business can be a bit confusing, answering five key questions even before you start your "Buying a Business Checklist" can help you simplify some issues and make the best choices.

  1. Am I ready to be an entrepreneur and, if so, how do I decide which business to buy? To be an entrepreneur, you need discipline and the ability to self-motivate. If you have both qualities, decide what type of business to buy first by leveraging your past experience and expertise. Business broker web sites typically list numerous businesses for sale in various industries, and in many geographic locations. For example, Transworld Business Advisors has an online database of about 4,000 businesses for sale.

  2. What do I look for in a business that I would like to buy? The business that you would like to buy should be a known entity with a proven formula for success. This means that the business has a strategic direction, an established customer base, and is a springboard for growth. You should be able to review its complete financial history, as well as its current financial position. You should also be provided with information to understand the extent of its client base so you can make the most informed decision possible.
    It's also important to work with sellers who will help you transition into the business and provide training.
  3. How do I know that the information the owner is providing me about the business is true? As part of the acquisition process, you will have to go through "due diligence." During this period, the seller is required to present documents to verify his profit numbers and other figures. Business advisors, like Transworld, can help you sort through all of this.

  4. How much money do I need to purchase a business? Businesses vary in price a great deal, however, it would be unlikely that one could buy a business with much less of a down payment than $50,000.
    While 100% of the purchase price of a business is sometimes required, sellers will frequently provide owner financing to some extent. Additionally, in some cases, a bank may be able to loan up to 80% of the purchase price through a loan sponsored by the Small Business Administration.
    If you work with a business broker like Transworld Business Advisors to locate a business that is right for you to buy, their fees are generally paid by the seller, not the buyer. However, other costs, such as professional services fees, do come into play.

  5. What skills will I have to hire? Buying a business can be a complicated venture. While some businesses are sold without the help of accountants and attorneys, it is strongly recommended that you engage these professionals.
Owning a business is the greatest way to build wealth and take charge of your own destiny. Transworld Advisors can help you make the important decision about buying the business that is right for you. Call us at 206-456-4355.
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The Importance Of Water After A Massage

3/16/2019

 
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10 Reasons Why You Should Ditch the 9-5 and Buy — Rather Than Start — a Business

3/16/2019

 
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Businesses for Sale: How to Find and Buy a Business

3/16/2019

 
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Tips for Marathon Training and Recovery

3/16/2019

 
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As the winter starts to break, that means it is time for marathon season to start back up again! If you’ve never trained for a marathon before or maybe its been awhile since your last one, here are ten tips for both training and, the equally important, recovery.


  1. Don’t Procrastinate Training: While marathons only last a day, correctly training for one should take you a couple months.
  2. Gradually Increase Distance: DON’T try to run a marathon on your first training workout. Start by running a mile until you can complete it pretty comfortably. Then bump it up to two miles. Take it just a mile at a time. Much like the race itself, training is not a sprint, it’s a marathon!
  3. Get the Right Gear: Shoes are so important to the whole marathon process. Make sure you get the right running shoes for you. The right shoe should be comfortable when laced up tight. The right shoe will help prevent foot, knee, shin, and quad pain. This will make the training and recovery process easier.
  4. Use a Foam Roller: When recovering from training or a marathon, a foam roller can be the most useful tool in your tool box. The foam roller helps massage soft tissues which will prevent inflammation and soreness. You should look to spend at least 10 minutes after each training session on a foam roller.
  5. Stretch: While this one may seem obvious, many people think that they should just jump on the treadmill and get going. While their ambition is admirable, they won’t last too long in the training process and are risking pretty significant injury. Training before will help prevent injury and stretching after a workout will help recovery.
  6. Be Consistent: Setting a goal is very important, but don’t be too strict on yourself. Just make sure to get to the gym as much as you can but understand you also need to live life and you may miss a few days here and there. It’s ok! Just keep up as best as you can and you will eventually reach your goal.
  7. Find a Marathon Buddy: Try to convince one of your friends to run a marathon with you. Training with a friend will not only make it easier in the moment, but it will also help you stick to it if you have a sense of accountability.
  8. Stay Hydrated: The biggest reason for people failing during a marathon is dehydration. To avoid this common pitfall, get on a hydration schedule during training. Try to drink at least ten cups (8 oz. per cup) of water a day during training. This will save you some soreness and will help you prevent injury.
  9. High Protein Diet: When trying to recover from a marathon, make sure you mix in a lot of proteins. This will give your muscles the much needed energy they need to recover healthily and quickly. Depriving your body of protein after a marathon will cause the muscles to actually eat themselves for energy and can cause your body to lose muscle.
  10. Take Time to Recover: When training, you will inevitably be sore. Don’t try to “run” through the pain. Take a day or two off and focus on icing and using a foam roller. Getting a massage can also help with recovery. Sports Massage is an important element to help athletes recover from injuries as well as preventing injuries. Utilizing sports massage can help athletes maintain, and even improve their conditioning and training.
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How to Buy the Right Business for You

3/16/2019

 
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Buying a business is without a doubt a multi-step process. However, the steps do not merely begin at the point of research for businesses for sale or making an offer, but rather, in deciding what kind of business is right for you. There are a number of personal factors to consider when coming to this decision; keep in mind these five factors when picking the right business for you to buy.
LifestyleThe first thing to ask yourself is, How much time do I want to focus on building the business?
This is relevant because you can choose to start your business from scratch - building it from the ground up or you can choose to purchase a franchise. There are definite advantages to both, but the right one for you lies in how much creativity and flexibility you would like to have versus how much you would like to have already established for you, i.e., customer base, marketing methods, etc.
BudgetBuilding a business, whether it is from scratch or not, requires certain investments. The first step is to establish a budget from within your means in order to determine the type of business you can afford. Once you have done this, you can have a meeting with your business broker to narrow down your options and pursue the right business for you. This budget can be for either seed money to begin a business or for the price of an existing one.
LocationLocation, location, location! Managing a business in a different city or state is not only difficult, but almost impossible. Unless you have an existing team whom you trust to oversee a business for you in a new location, you should focus on purchasing a business in your neighborhood. Once you have determined the kind of business you are looking for, you can research the preferred area by demographics of potential customers. Make sure the type of business you’re interested in would be lucrative in your market.
ExperienceIn some cases, location is not even a factor to consider because you may be able to run your business from anywhere using e-commerce. For example, do you have a hobby or personal interest that can be easily translated into a home-based business? From calligraphy services for wedding invitations to paintings and personalized jewelry crafting, is there a skill you have mastered that can turn into your next business endeavor? If so, this might just be the angle to pursue. With the help of a business advisor, you can file the necessary paperwork to begin operating as a business in your state. If you’re looking to buy an established business, your professional background and experience may influence your decision in terms of the type of business you choose to pursue.  The closer your experience and background is match for the business you want to buy, the less risk and greater chance for success.
IndustryLast, but certainly not least, industry trends are important to research and understand before determining if a business is right for you. Before purchasing a business, you need to establish the kind of customer base you are hoping to reach. Not only does the service or product you are selling matter, but so do the customers, where they live and how they are willing to spend their hard-earned money. A business broker can help you not only choose the industry you would like to pursue but also understand its market trends and how to be successful in it.
All entrepreneurs reach a moment in their lives when the pursuit of a new business is strong. The decision of whether to begin a new one from scratch or purchase one can be a long-winded process, or made overnight, depending on what you find when you start looking. If you are at that point in your process where you would like to purchase a business but are unsure of how to find the right one for you, contact Transworld Business Advisors today for a free consultation!

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