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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.
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.
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.
TechnologySince 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.
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 TWorld.com/Renton for a free consultation.
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By Donna Maurer. For more, contact her via donnamaurer.com
Muscle cramps, fatigue, nausea, back pain, swollen feet, and heartburn! Creating life is a natural process, but that doesn’t mean it’s comfortable. While some women feel great throughout their entire pregnancy, others experience every discomfort in the book. Thankfully, there are several steps a mom-to-be can take that will relieve their discomfort. Eating a healthy, nutritious diet, gentle exercise like walking and yoga, and prenatal massage can all make pregnancy much more pleasant.
For an expecting mom, prenatal massage offers physiological, emotional, and psychological benefits. It’s different from a regular massage because it focuses on the particular needs of a mom-to-be as her body goes through the dramatic changes of pregnancy. A qualified prenatal massage therapist knows how to adapt the technique for a pregnant woman in each trimester of her pregnancy.
For the pregnant woman, prenatal massage can relieve mental and physical fatigue, improve circulation and blood flow, improve the function of sore or stiff joints and muscles. This noninvasive and gentle form of therapeutic bodywork can also ease the discomforts of pregnancy while nurturing the emotional needs of the pregnant mother and helping her get ready for labor and delivery.
Let’s take a more in-depth look at how prenatal massage can help during every stage of pregnancy.
The Benefits of Prenatal Massage During Every Stage of Pregnancy
Prenatal massage offers benefits for both mom and baby throughout the entire pregnancy. When you are expecting, everything you do, especially what you eat and how you exercise, could affect your growing baby. There is a direct connection between the mother’s state of mind the healthy development of the baby. Common pregnancy complications, such as uterine prolapse, scar tissue, and incontinence, can also be prevented by keeping your uterus and ligaments healthy with prenatal massage.
One study even found evidence that receiving prenatal massage regularly throughout pregnancy can shorten delivery times and make labor more comfortable, possibly reducing the need for epidurals and other pain medications. The same study also shows that receiving massage as a regular part of prenatal care reduced the need for cesarean births by half.
Other key benefits include:
It used to be that prenatal massage wasn’t recommended for women in their first trimester, but that’s no longer the case. Recent studies show that proper prenatal massage by a qualified practitioner can have tremendous benefits at this stage of pregnancy. And, a healthy first trimester sets a good foundation for a healthy pregnancy, baby, and delivery.
Prenatal massage during the first trimester will focus mainly on correcting pre-existing problems like back, pelvic, neck, or shoulder pain that could worsen as the pregnancy progresses. Relieving these problems now will help your body adapt to the rapid changes that come with creating a new life.
This stage of pregnancy also brings a whole host of symptoms due to the sudden influx of pregnancy hormones. Prenatal massage can provide significant relief for many of these symptoms, including morning sickness, constipation, and headaches.
Second Trimester Benefits
As you enter the second trimester of pregnancy, things settle down a bit, and those initial discomforts begin to subside. However, your belly is also growing at a rapid rate, and as your center of gravity is thrown off, back pain can become a problem. Prenatal massage at this stage can relieve tenseness in the muscles and improve your posture and alignment.
Now is also the time your massage practitioner will want to focus on supporting the rapidly enlarging uterus as grows from about four ounces to as much as 13 pounds by the end of your pregnancy. Your practitioner will work to keep your ligaments flexible and toned, which will be extremely beneficial for preventing not only pelvic and back pain, but also preterm and back labor.
Third Trimester Benefits
Now that you’ve entered your third trimester, you and your practitioner will be focused on getting ready for labor and delivery. Hormonal changes and weight gain will put additional strain on the ligaments that support your uterus.
The added pressure your bulky uterus puts on your legs and feet may cause swelling or fluid buildup. Your growing uterus is also likely to cause issues with elimination and digestion, and heartburn becomes a daily issue. You may also be experiencing increased anxiety about labor and delivery.
Prenatal massage in the third trimester can be incredibly beneficial for all of these symptoms, and it will also help to keep your stress levels low. Your practitioner will have special pillows and a larger table to make sure you’re comfortable and secure throughout your massage.
Postnatal Massage Benefits
Postnatal massage can offer some incredible benefits after delivery as well. Your body goes through so much during pregnancy and childbirth, and postpartum massage is a great way to support your body and help it get back to normal after your baby is born. It can support proper bladder and digestive function and help get your pelvic floor back into shape. It’s also excellent for coping with the stress and possible depression that often accompany the hormonal changes after pregnancy.
As you can clearly see, prenatal massage can be incredibly helpful throughout every stage of pregnancy and beyond. It’s a non-invasive and safe way to support your mind and body and encourage a comfortable pregnancy and childbirth.
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6 Things to Know When Reselling a Franchise
There are many benefits to franchising your business or becoming a franchise owner. However, one does not often hear about the next step: reselling a franchise. As an entrepreneur, it is not uncommon to be satisfied with accomplishing one goal and while constantly looking for new challenges. Your franchise business could have been a passion project, but your time to start your next project has arrived. The only problem is, where do you start? Transworld Business Advisors has extensive experience with franchises. We have compiled a list of six things to know when reselling a franchise.
Contact Your Franchisor
The moment you bought a franchise, you became one half of a franchisor-franchisee relationship. Because of this, the first step is to call your franchisor –– there is no reason to keep your desire to resell a secret. During this step, you may ask them a series of questions:
Review the Agreement
Secondly, it is not only wise but also important to review your franchise agreement. Transfer fees and other specifications will be outlined, which are important to note for future negotiations. All of your questions should be answered at this stage. Any further inquiries can be clarified by your business broker.
Prepare for the Sale
Like any other business, your franchise needs a business valuation. A Transworld broker can assist you in getting your finances in order and determining the value of your business. Once completed, you can find a competitive, but accurate listing price. Not to mention, financial documents will be in question during the sale, so being more organized will not only be beneficial, but will prepare you to answer all of the buyer’s questions.
Comprehensive Business Analysis
As mentioned above, it is important to understand the state of your business. Not only financially, but also the morale of your employees and the intangibles –– like customer loyalty and goodwill. Being a part of a franchise means your reputation precedes you, however, the success of your individual franchise can be determined by attributes like location and customer retention. This, along with other aspects of your business will be carefully analyzed by your broker to help you prepare for the listing.
Negotiations with an NDA (Non-Disclosure Agreement)
The moment you are ready to list your franchise for sale, it is important to understand the value of anonymity. For one, you do not want competitors or employees to know you are selling your franchise. Transworld will prepare a non-disclosure agreement (NDA) for all participating parties, to protect you from leaked proprietary information. In addition, a sale might scare your staff into quitting, employees fear that when management changes their jobs could be in jeopardy. An NDA is vital for a successful resale.
Close the Deal
Finally, after sifting through the offers, you may find yourself moments from closing a deal. At this point, your franchisor has approved the buyer and you are ready to transfer ownership to the next franchisee. Your business broker will help sort out the legal documents and even serve as a neutral location for signatures and deal closures.
Although you own a franchise business, a resale –– after a certain point –– is much like selling any small business. The key is to sort out financial documents, list at a competitive price, and have the guidance of a broker to find the right buyer. Transworld provides a network of vetted buyers to ease the process and sift through the fake offers. If you are interested in reselling your franchise, contact your local Transworld today for a free consultation!
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Buying a business often requires you to have the money necessary to complete your acquisition. This can be achieved in a variety of different ways. No matter what method you finally choose to pursue, to be successful you will need to be aware that different sources of capital will have their own priorities.
So, to give you the best chance of securing the funding you need, let’s look at three possible sources of credit and consider how you should modify your approach in each instance to guarantee the best outcome.
1. Getting a bank loan
Perhaps the most formal way to get the money you need to buy a business, is to apply to access the loan capital which the banking sector has earmarked to support business. In the United States the most popular loan programs are the SBA 504 and 7A lending programs.
But note that these programs have strict rules, mean that applications from would-be entrepreneurs and the businesses they are looking to purchase are subject to a great deal of careful scrutiny.
As an aspiring business owner, for example, your previous business experience will be carefully evaluated. You will help your case further if you can also show you have a good grasp of general business matters such as accounting, small business and overall business planning. Any relevant qualifications you possess will also greatly help your cause.
As an example, if you were looking to buy a restaurant you should be prepared to detail and demonstrate what you know about the generic aspects of the relevant industry you are looking to invest in.
Any bank will also want to see you have a good personal credit record. You should also expect that a bank will probably require any loan they offer to be secured by collateral – most likely all of the business assets. They will also ask you to sign a personal guarantee and pledge your personal home as collateral as well.
And though, as a new owner, you will not have any track record of business performance to offer, you should be prepared for the bank to ask to see a detailed business plan. This should detail your business strategy, and also indicate precisely how you will spend the loan capital and what returns you anticipate on your investment.
Though this application procedure can seem daunting, if you succeed you will know your business proposal has been thoroughly tested. There are companies that can help you put together a plan for you.
2. Acquiring an angel investor –“friends and family”
This may be an individual or group offering funding to you because they believe in you or your business you are buying. One major business advantage of such a funding source is they can be flexible with terms depending on your relationship.
And provided your angel investor can see your business has real potential (and thus will bring them a profitable return), they may not be particularly alarmed by any high-risk factors in the deal like a bank would be.
The downside is understanding what happens of the capital is lost or the return is delayed. Make sure you have good legal agreements in place. These agreements might not be as expansive as a bank would require, but understand that this type of borrowing money can be tricky.
3. Seller financing
Seller financing can be a complex issue on both sides but where appropriate, seller financing can have a number of advantages.
For instance, any financing you receive will be easier to qualify for than from most other sources, and you will often get access to the finance you need much quicker. Furthermore, this arrangement means the previous owner has a powerful motive to see you succeed and will often be prepared to help in several ways.
In addition, it also implies the former owner believes you have the ability to make an ongoing success of the business in your own right.
But do remember that, even where seller finance is available, it will only be for a proportion of the sale price which is often about 50%. However, on the positive side, that may be a viable means of closing what would otherwise be a funding gap or any funding at all.
And in some circumstances another lending sources may look on your funding application more favorably if they know the seller has enough faith in you to offer financial support. Indeed, some lenders may even insist upon having such evidence before they proceed.
By Bruce Hakutizwi, USA and International Accounts Director for BusinessesForSale.com, the world’s largest online marketplace for buying and selling small and medium size businesses.
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How LaVida Can Help Relieve Stress
April is National Stress Awareness month and with the public issue of both mental and physical health, this is a great time to make sure both your mind and body are in the right place. LaVida Massage is the perfect place to help you alleviate any stress that is clouding up your mind and creating tension and havoc on your body. I know before I worked at LaVida, I didn’t really know what I could do or what benefits I would gain through regular stress management. But, LaVida offers both therapeutic services and products to help you manage the hustle and bustle of the world around you.
Creating time for a massage from one of our Licensed Massage Therapists (LMT), once a month, will help alleviate stress-induced knots or tightness in your body. One of the benefits of going in for a routine massage is that the LMT will ask you which areas you would like to focus on each time. Personally, I like to communicate with the LMT when they find the tense muscles, to focus on those specific areas. Receiving a monthly massage has helped me, not only with physical stress, but with mental stress also. Knowing that I have that monthly massage coming up gives me something to look forward to and I can plan my more physically strenuous activities around the time of my massage. If you are unsure about what type of massage is right for you be sure to communicate with your therapist during the massage to ensure you are receiving the appropriate amount of pressure.
For stress relief in between your monthly massage try one of our 100% Pure Essential Oils or essential oil blends to help eliminate stress on a daily basis. You can use these essential oils in a variety of ways. My favorite essential oil is pure Lemon Oil. It reminds me of a freshly cleaned room or a crisp, early summer day. Use them as a replacement to candles in an essential oil diffuser or add a couple drops to a spray bottle with water and use them as a natural air freshener. A subtle and direct approach, my personal go-to at work, dab a little oil onto a microfiber towel and hold up to your nose to inhale. It allows me to take a step back from work, clear my mind, and not disturb anyone around me.
To find a LaVida Massage nearest you check out our website. Wherever you go, we will be happy to provide the utmost care and service to make sure your experience leaves you feeling leagues better than when you came in!
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How to Evaluate a Business to Buy
As you can imagine, purchasing a business is one of the biggest decisions you will ever make. In fact, it is one of the most expensive commitments you will make in your lifetime. Therefore, choosing the right one is important. When you are looking to purchase a business, there are a number of factors to consider before making an offer. The first step, of course, is to think about the industry and type of business you would like to purchase. Secondly, hire a trustworthy and compatible business broker to lend expertise and guide you through the process. Furthermore, consider these 5 factors when evaluating a business to buy.
Of course, once you have found a business that interests you, the next step is to request financial information. Have profits been rising? What has been the cash flow for the last two years? How depreciated is the equipment? These questions will help you determine if the asking price is one you are comfortable negotiating.
At the negotiation stage, you can ask your broker any and all questions you may have. It is their responsibility to guide you through the process and help you make the right moves. Your next business purchase may be right around the corner.
Contact your local Transworld Business Advisors office for a free consultation and to take the first step toward your next investment! TWorld.com/renton
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How to Get Back to Routine
Holiday's are coming to an end and winter is upon us. Back to school and the New Year bring a little more regularity. Gone are the days of going to the beach in the middle of the week or taking a Friday off work simply because the Sun is shining. It is officially time to buckle down and get ready for fall. Fall is the last bit of “regular” time before the hectic season that is the Holidays. So, it is ever so important to get into a routine sooner than later for both your mental and physical health. While getting into a “rut” is not great for your overall health, a routine allows your body to prepare for and embrace obstacles regularly. Here are a few tips to help you get your nose to the grindstone and get yourself right for the upcoming seasonal changes!
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6 Signs it's Time to Sell Your Business
Arguably, there is never a wrong time to sell your business. There will always be interested buyers – the only caveat is the selling price, depending on the market and the health of your business. However, you may be in a position where you would like to sell sooner rather than later. Here are six signs that it’s time to sell your business.
Are you lacking passion?
It is not uncommon for business owners to no longer get butterflies every morning on their way to work. An exciting entrepreneurial endeavor can suddenly feel like a chore. If this is the case, it is absolutely time to consider selling your business. One should never live their lives working outside of their passion.
Have you peaked?
Do you feel as though your business has outgrown you? Perhaps you feel like your company has the opportunity to continue growing, but you do not have the means, creativity or natural skills to do that. This is an excellent opportunity to sell your business to an aspiring entrepreneur who can take your business to the next level at a fair price.
Is your net worth tied up in your business?
Even if you have established a solid business, you may find that too much of your net worth is tied up into it. If that is the case, it is completely normal to want to convert some or all of the equity in the business to more liquid assets.
Do you feel conflicted about major company decisions?
Is it time to invest in new equipment? Is it time to consider relocating? As a business owner reaches the end of their career, they might be less willing to make financially risky decisions. This fact, however, could be detrimental to future growth and the success of the business. If this is true for you, it is time to hand the company over to someone willing to re-invest to help the business continue to grow.
Is your market in decline?
If your market has peaked and is at risk of sudden decline, it is smart to make a strategic exit.
Does one of these apply to you: death, divorce, distress, disability or disagreement?
Finally, some of the most practical reasons to sell your business - one of the five Ds. They are often the case – in fact, they are a factor in the decision to sell 50% of the time. If this is the case, you may have a contingency plan at hand. If not, you may risk selling for less than what your business is worth because you need a quick exit. Whatever the case may be, it is completely normal for one of these reasons to inspire a sale. If this happens to you, a business broker will be your greatest advocate for a successful, and hopefully, a highly profitable sale.
Think it might be time to sell your business? Contact your local Transworld Business Advisors today to schedule a consultation with one of our experienced business brokers. We will work with you throughout the entire process and be available to answer your questions and address your concerns regardless of your reason for selling your business.
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FIVE Benefits of Massage Therapy
This blog is brought to you by Christine Huegel of Mattress Advisor
With the rise of the holistic and wellness trend that is sweeping the country, people have been trying to find natural remedies to treat their ailments. Because of the growing popularity, new studies have been conducted suggesting new methods to utilize, with a very popular focus on the benefits of massage therapy. Massages don’t just feel great, they have proven mental and physical health benefits that you can start taking advantage of. Below we will explore the top five reasons to book a massage!
Anyone that has gotten a massage knows that it can be a relaxing and calming experience, but did you know that it can actually reduce your stress levels as well? Stress can cause a large number of concerns for your body including irritability, weight gain, sleep problems, and more. It is imperative to get your stress levels under control to have a healthy mind and body. Thankfully getting regular massages could be the answer to your stress problem!
A recent study conducted by Chang Gung University concluded that there was a positive correlation between stress levels and getting regular massages. This is because researchers found that when a participant got a massage, their cortisol levels significantly reduced. Cortisol is your stress hormone and controls your fight or flight response. Not only did it reduce participants’ stress levels during the massage, but for up to eighteen hours after it had been completed.
Sleep is incredibly important to everyone’s physical and mental well-being. According to a study conducted by the Center for Disease Control and Prevention, more than one in three Americans do not get an efficient amount of sleep. Getting an aromatherapy massage could help you get a full night’s rest.
Aromatherapy has been around for thousands of years and is the practice of utilizing essential oils to combat different ailments. An aromatherapy massage uses lotions with essential oils and uses a diffuser to allow the client to inhale the oils as well. Different essential oils can treat different problems you might be experiencing. Some of the best to treat sleep problems include lavender, peppermint, and roman chamomile. Request these essential oils next time you get a massage for a relaxing time and a restful sleep.
If you are someone that experiences any kind of pain on a regular basis then you are not alone. The National Institute of Health reported that pain affects more people than diabetes, heart disease, and cancer combined. With such an epidemic happening, many people have turned to natural alternatives to reduce their chronic pain levels to avoid addictive medications.
The Massage Therapy Foundation published a research project that involved hospital patients that were experiencing pain because of surgical, medical, or other reasons. They integrated thirty-minute massages into their routine several times a week. The study demonstrated that massages led to a significant decrease in pain levels, and also helped patients sleep patterns, relaxation, the healing process, and more.
Many massage patrons have been told to drink lots of water after their deep tissue massage, but many do not know the reason why. It is because when someone gets a massage, your body begins to release toxins that are stored throughout the muscles.
The pressing movement and release during a massage help with the circulation of blood movement and the lymphatic system. Water assists your body in bringing oxygen, new blood, and nutrients to your muscles, organs, and tissue.
Massages also help to flush out waste products that are created by different cells each day. All of this helps to flush out the toxins that are built up in your lymphatic system. Getting rid of these impurities in your system can help to increase energy, aid in weight loss, and reduce inflammation.
Strengthen Immune System
Looking for ways to fight off the cold or flu this season? Well, you’re in luck! A massage could be the perfect boost that your immune system needs to get through this year healthy and sickness free.
As stated above, massages help to increase circulation throughout the body. When this happens, it supports an increase in the activity level of white blood cells that are used to combat any virus or infection that it comes in contact with. This increase in cells helps to strengthen your immune system and cognitive skills before, during, and after illness strikes.
Book your massage today to start reaping the amazing benefits available to you now!
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When you are ready to take that next step in life and sell your business, keep in mind that several different factors go into determining the value of a business when it goes to market. Because there is so much more involved than simple checks and balances, even the most successful companies can fall short when the valuation results come in. Before you find yourself in a situation like this, know that you don’t have to settle for less. Here are some steps that can be taken to boost your business’ worth.
Set yourself apart and stand out
When you know that your business is being compared to others, being unique can make all of the difference. Consumers are drawn to distinction when evaluating companies to do business with. They compare products, services, customer support, and several other aspects. An established public interest shines a light on your business and gives potential buyers greater incentive. With that in mind, they’re going to look for companies capable of holding their own in their niche, and why not? That’s precisely why they are looking to buy an established business instead of building one from scratch.
Today’s business landscape revels in competition from most industries, so even the smallest detail could be the one that launches your company to the top for consideration. Any aspect that sets you apart from others in your field contributes to success, but it’s equally critical to drawing buyers’ attention.
Benchmark your company against others by researching and examining your top competitors. You want to gain a better understanding of their weaknesses and compare them to your own. Play on your strengths and work to improve upon your shortcomings to enhance your status in your industry. Purchasing prospects are likely doing the same thing with the companies they are considering, and they are sure to take notice. The result should be a response with more lucrative offers.
Document and streamline operations
When was the last time you documented your current processes? Efficient businesses are usually the most productive ones, and that productivity leads to higher profits. Take the time to do a deep dive on the internal operations of your company. As you do so, evaluate all details from every possible angle.
Whether you do this on your own or turn to a professional for help, the ultimate goal here is to find areas of struggle and identify pain points. However, bringing in an efficiency expert could bring in an unbiased perspective and work wonders in this exercise. The final result is to develop and implement new practices to make things flow more smoothly.
By reducing waste and boosting productivity, revenue elevates while the cost of operation is reduced, all without sacrificing quality. Higher earning potential and lowered cost of operations are very attractive to potential buyers.
Maintain your workforce
Providing your prospective buyers with a highly skilled and productive crew to work with provides a great deal of stability and assurance. Fully trained and qualified employees hold a great deal of value. Regardless of rank and tenure, they are the backbone of any company. Having to train an entirely new team leads to losses in productivity and increased costs for pending business owners, so don’t send your employees packing if you’re planning to sell your business. Instead, groom them to be more confident and independent.
Delegate and step aside
If you’re like many business owners, you are a highly engaged participant in your business. While that is an admirable quality to be so involved with every aspect of the company, it could show as a red flag in the eyes of your prospects. They may have concerns on whether or not the business would run as smoothly without your involvement. In reality, your business, processes, and crew should be able to keep the business humming on their own.
Be sure everyone in the company is well-versed in specific procedures and processes. Since you just evaluated and improved your processes, it’s the perfect time to hand over the reins. Pass your knowledge and experience on to a qualified employee to oversee the business in your absence as the new owner gets acclimated.
Continue to be involved in the company right up until it’s signed over to a new owner, but make sure it can run smoothly without your help as well. Seeing the business is capable of retaining its strength in your absence is a significant confidence boost for prospective buyers. You may even get higher offers once they realize and appreciate the anticipated ease of transition.
An excellent selling detail is a highly recognized brand. Now is the time to ramp up your marketing, sharpen your sales team, and demonstrate a solid plan for growth. Buyers pay more for growing and flourishing businesses and will look for a bargain on those that are stagnant. Now is the time to make your business look the best it’s ever looked.
Loyal, repeat customers are critical to all businesses regardless of size or industry, but having a steady stream of new ones is also essential. Demonstrating a balance between the two ensures consistent cash flow. Targeting new prospects is the key to generating fresh clientele, so continue ramping up your marketing efforts to boost potential buyers’ interest as well as your company’s market value.
Continue to invest in your business, even though it may seem counterproductive. In reality, there is nothing further from the truth, for you want to keep your company alive and thriving.
Keep updating equipment, improving manufacturing processes, developing new products and services, and carrying out other upgrades just as you would under normal circumstances. Continue funneling funds into new marketing campaigns and SEO strategies as well. Remember that a flourishing company gets a higher offer, and a stagnant company comes at a higher discount.
Even though you are ready to slow down and stop, keep in mind that your business is not, so keep that momentum to gain the highest return. Set yourself apart from others in your niche both on the surface and through underlying aspects. Increase efficiency in every way possible to improve productivity and profitability. Prepare your business to operate without your involvement. Cultivate relationships with customers and prospects in every level of your sales funnel. Don’t stop your forward momentum. Renovate the company itself rather than its workforce.
Narrow down the value – call a specialist – call Transworld!Contact us at Transworld Business Advisors by scheduling a consultation to start the valuation of your business. You worked hard to build your business. You owe it to yourself to engage a renowned expert to represent you for an enriching experience and the best offers through our network of experts.