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June 2020
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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. In this blog we will cover the basics, with some focus on our local market in King County, Washington. 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. If you are pursuing Ecommerce that may mean a private label, a restaurant may have a farm to table marketing metric for local Seattle preference, or Massage Center with CBD products, for example. 2. Profitability and Revenue Streams A 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. Buyers will also pay a premium for a recurring revenue stream, such as a pest control business, accounting firm, or massage center with membership business model. In King County we have demand for absentee owned businesses, as investors look to keep their day job. 3. Document Efficient Processes Once 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. Build it as if you plan to sell it, even if you don't. 4. Trained Staff A 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. Buyers in King County will want to see management in place, otherwise they are buying a job, which happens, but reduces value. 5. Consult with a Transworld Business Avisors Professional based in Renton, WA The 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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What Is My Seattle Business Worth?6/7/2019 In order to determine the worth of a business, there are multiple factors to consider. It goes beyond how much money is made on an annual basis; in fact, all aspects of its past, present, and future are considered. It can seem daunting to try to calculate this on your own. For this reason, a proper business valuation must be conducted. This is the first step you will need to take when working toward selling your business. The initial step for a business valuation is considering future performance. This may sound strange, but the truth is, a business’s value is dependent on projection and not past performance. Even if a business has done well in the past, a potential buyer will want to be confident that it will continue to do well in the future. The current status of the company in the market and what a new buyer can do with it can greatly affect how much a business is worth. We need to take local market conditions into consideration, and the local regulations, industries, and talent pool will impact the value. Businesses based in Seattle, or around King County benefit from the strength of a robust economy with good talent and diverse employment. The next very important factor is earnings and revenue. Although revenue is important, a business with a greater earnings is considered more valuable. Buyers want a return on investment, therefore earnings rule. However to compare businesses, these earnings must be recasted to reflect the true earnings capability of the business. Similarly, another important factor is the types of assets owned by the business (i.e., industry-specific machinery or equipment, vehicles, etc.). The type of assets affects the advanced rates of the lender and the depreciation life of the assets, which in turn impacts the value of the business. Transworld Business Advisors offers free business valuation consultations (and a free online 10 minute survey); contact your local Transworld office to schedule an appointment so that determining your business’s worth is stress and anxiety free. A skilled Transworld advisor can help you review your financials in order discuss valuation and guide you through the steps of preparing the business sale. Our experienced brokers will take the time to get to know your business and help you determine your business’s value so that you can make an informed decision to sell. 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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An auto accident can bring a number of traumatic results, physical and mental, to the victim. After consulting a physician who may recommend massage therapy, Massage Therapy can offer a number of benefits to the survivor of an auto accident. LaVida Massage of Federal Way will accept your auto insurance for Massage Therapy after a car crash. As long as you have PIP coverage and a referral we are able to accept your insurance and charge our clients nothing out of pocket. Contact our center today to learn more about the process of having your Massage Therapy covered by your insurance provider, here in Federal Way Washington at your local LaVida Massage of Federal Way. Some of the major benefits of Massage Therapy to Auto Accident Survivors include: Massage Therapy for a Concussion Concussions are a common result from a car crash, and the symptoms associated with these injuries can last long after an accident. A researcher at the University of Washington Medical Center studied an intramural soccer player who experienced post-concussion symptoms after a fall. After only two massage sessions of 45 minutes each, the soccer player felt less pain, experienced fewer headaches, and needed less medication. The researcher concluded massage therapy had realigned a subluxation (misalignment of the vertebrae) in the uppermost joint in the soccer player’s neck. In addition, massage improved balance, posture, and range of motion. After massage therapy, the soccer player was able to focus more clearly and engage in regular physical activities. Massage Therapy Can Ease Neck Pain At Seattle’s Group Health Center for Health Studies, a group of researchers determined massage was a safe treatment for neck pain, especially in the short term. People who received massage therapy once a week for 10 weeks reported reduced pain for at least four weeks after the end of these treatments. Massage Therapy for Spinal Cord InjuriesPeople injure their spines in automobile or motorcycle crashes more often than in any other situation. Roughly a third of people with spinal cord injuries received them in car crashes. Researchers from Atlanta’s Shepherd Research Center conducted a case study on a middle-aged man with a chronic spinal cord injury. After receiving massage therapy for three consecutive days, the man could walk faster and take bigger steps. The study highlighted massage therapy’s potential to affect the musculoskeletal and neurological systems in positive ways, pointing to the value of further research into massage as a treatment method for those with spinal cord injuries. Is it Right for You? While it is important to check with your physician before adding massage to any type of medical care after a car accident, massage therapy typically has few side effects and provides a pharmaceutical-free option for pain relief. Ask your doctor to recommend a massage therapist who has training in addressing (or working around) your specific medical conditions. LaVida Massage of Federal Way will accept your auto insurance for Massage Therapy after a car crash. As long as you have PIP coverage and a referral we are able to accept your insurance and charge our clients nothing out of pocket. Contact our center today to learn more about the process of having your Massage Therapy covered by your insurance provider, here in Federal Way Washington at your local LaVida Massage of Federal Way. Some of the major benefits of Massage Therapy to Auto Accident Survivors include: References: https://www.massagetique.com/blog/injuries-conditions/7-ways-massage-therapy-can-help-after-a-car-accident/ https://lavidamassagefederalwaywa.com/
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Car Accident Massage Therapy Benefits, and Getting Insurance to Pay Did you know if you are involved in an auto accident, and have PIP coverage through your auto insurance provider, you may very well be entitled to Massage Therapy, covered through your insurance provider? We can help at LaVida Massage of Federal Way, contact us to learn more about the process of Massage Therapy to treat auto accident injuries, and how to make your insurance pay for it. Here are some of the major benefits of massage therapy for auto injuries. Pain Reduction You are likely in pain, and are experiencing inflammation. Be it through impact, whiplash or aches and pains from the jarring motion of the accident, virtually no collision is free of physical discomfort. Massage Therapy, especially with the aid of CBD balms, can greatly reduce that pain in an accelerated time frame, and reduce inflammation from within. Reduced Swelling Swelling is the result of an increased movement of fluid and white blood cells into an area of trauma. Massage will help move that excess fluid out for processing and promote continued blood flow to vital areas and improve the recovery process. Icing, CBD treatments and regulat massage therapy can all aid in speeding up the reduction of swelling. Improved Recovery If you suffered from whiplash or a similar condition during your car accident, a massage can help. Whiplash can result in pain, stiffness and decreased range-of-motion, which can lead to a number of physical and emotional symptoms. Massage therapy, however, can reduce these symptoms and alleviate things like depression and insomnia. Increased Range of Motion One of the biggest benefits we see massage offer our patients is relaxation. While this is critical for mental recovery, it can also go a long way toward relaxing tense areas in the body and neck and increasing a patient’s range of motion. By relieving tightness and inflammation, a good massage helps your body to start working the way it’s meant to once more and allows your body to begin the path to healing. LaVida Massage of Federal Way will accept your auto insurance for Massage Therapy after a car crash. As long as you have PIP coverage and a referral we are able to accept your insurance and charge our clients nothing out of pocket. Contact our center today to learn more about the process of having your Massage Therapy covered by your insurance provider, here in Federal Way Washington at your local LaVida Massage of Federal Way. References: https://www.stilllifemassage.com/5-reasons-you-should-get-a-massage-after-a-car-accident/ https://lavidamassagefederalwaywa.com/
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Not all industries are created equal and not all industries are worth investing in. As the job market improves and unemployment rates drop - to 3.8% in February 2019, to be exact, your next business investment may just be around the corner. You may have your specific interests, your niches, and your curiosities; however, some of those may be more valuable in today’s market than others. If you are buying a business in 2019, here are 5 of the best industries to consider. 1. Micromobillity Think electric-powered bikes, scooters, and skateboards. A future free of petroleum-driven vehicles and increases in simplified urban transportation means this industry is booming with no signs of stopping. In fact, Ford just acquired an e-scooter start-up called Spin for $100 million at the end of 2018. This, in addition to market trends, shows that increased awareness in this industry means now is the time to invest in it. To do so, however, you need a team that not only understands the current technology but is ready to begin improving and inventing for the next big thing. 2. CBD There is quite the demand for products containing Cannabidiol, or CBD, in the US. This natural component of cannabis and hemp is not a drug but has shown to have properties that aid in anti-anxiety, anti-inflammatory, and pain-relief needs. As the holistic community continues to grow in its awareness of the benefits of CBD, now is the time to buy a business dedicating its energy into the creation of CBD products - think creams and other skincare, diffusers, and candles. 3. Baby Technology Since the iPhone was released in 2007, smart technology has gone from an exciting new product to an everyday necessity. You would be hard-pressed to find any individual further than two feet from the nearest smartphone or smartwatch to check their email, text messages, and heart rate. The industry is expanding to target babies - everything from fertility tracking and breastfeeding to helping newborns sleep. As this kind of technology becomes the norm, it becomes much more accessible to both producers and consumers. Without a doubt, experts say technology regarding babies is the next hottest thing to invest in. 4. Workleisure Trend Who does not want to look business appropriate without compromising comfort? Because the answer is likely no one, this industry has continued to grow and grow with no signs of stopping. An outfit that is both comfortable and can easily transition from office to the gym is highly sought after. If you are in the retail industry or interested in beginning a career in apparel, workleisure is the way to go. 5. Personalized Nutrition As Americans become more aware of preventive medicine and lifestyles, nutrition has become a hot topic of conversation. Be it the Keto or vegan diet, not every “healthy” person can agree on which lifestyle is full-proof and the right one to follow. In fact, much of this has to do with the fact that not all two bodies and digestive systems are alike. Cue: personalized nutrition. An industry incorporating your genetic makeup with your physiological needs. What these five leading industries show us is that technology and health are the biggest players. Whether it has to do with mental health, fertility, or nutrition, technology can play a role in simplifying and improving our everyday lives. If you are hoping to be one step ahead of the game with your next investment, consider these industries your best bet. As you narrow down your choices, think about talking to an expert at Transworld Business Advisors. Familiar with following market trends and the businesses that are being bought and sold daily, their expertise can be exactly what you need to make that final decision. Contact your local Transworld today to schedule a consultation!
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Water, the most important liquid on the planet, makes up roughly 60% of the human body. That is why it is so important to stay hydrated. While there is no “real” recommended amount of water you should drink a day, most doctors agree that you should try and consume 8-10, eight ounce cups (64-80 fl oz) of water each day. The health benefits of drinking water are numerous and some are even surprising. Here are some amazing benefits of drinking water:
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