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Atricle Dump - Taming the Paper Tiger at Home
Wealth - Test Your Attitude
Wealth, money, mansions, jewelry, personal airplane, parties, celebrations, holidays and all that money can buy. Money brings so much comfort and beauty to life, that it has become one of the most important factor in today's world. Money is a great motivator. Without money nothing works. No food, no shelter and no clothes. Without money it is difficult to have friends. Family disowns you quickly if you have no money. If you have money , a lot of it, you will get as many friends as you wish. One great advantage of money is philanthropy.Let us find out more about money and your attitude about it. Few of us hate people with great wealth. They call them different names and truly speaking, they envy them. Does envy and calling names help? No. That is negative. Positive is to appreciate the qualities that could help them big money. Right attitude is to
>• “to read” pile (that’s always the Wealth, money, mansions, jewelry, personal airplane, parties, celebrations, holidays and all that money can buy. Money brings so much comfort and beauty to life, that it has become one of the most important factor in today's world. Money is a great motivator. Without money nothing works. No food, no shelter and no clothes. Without money it is difficult to have friends. Family disowns you quickly if you have no money. If you have money , a lot of it, you will get as many friends as you wish. One great advantage of money is philanthropy.Let us find out more about money and your attitude about it. Few of us hate people with great wealth. They call them different names and truly speaking, they envy them. Does envy and calling names help? No. That is negative. Positive is to appreciate the qualities that could help them big money. Right attitude is to
Independent Contractors
Many small companies are trying to empower their employees and alleviate some of the hardships of over regulations, taxation and paper work. Often these small businesses will attempt to make their employees Independent Contractors. Where this might sound like a good idea it is also a very gray area of law and can get you into a real bind if not done correctly.Even so for some types of businesses it does make a lot of sense. For instance those types of businesses, which are offsite where supervision is next to impossible and you need to make sure you get your monies worth. If you have workers who use their own vehicles it might even make more sense to attempt using Independent Contractors. It might be worth discussing this with one of the parasites of the Earth, an attorney. Like company middle managers, independent contractors are in charge of th
Have you ever sat down at the kitchen table with the day’s mail and started sorting it into piles?
• bills (you always recognize those first!),Many small companies are trying to empower their employees and alleviate some of the hardships of over regulations, taxation and paper work. Often these small businesses will attempt to make their employees Independent Contractors. Where this might sound like a good idea it is also a very gray area of law and can get you into a real bind if not done correctly.Even so for some types of businesses it does make a lot of sense. For instance those types of businesses, which are offsite where supervision is next to impossible and you need to make sure you get your monies worth. If you have workers who use their own vehicles it might even make more sense to attempt using Independent Contractors. It might be worth discussing this with one of the parasites of the Earth, an attorney. Like company middle managers, independent contractors are in charge of th
• “to read” pile (that’s always the t
Shareholder Agreements and Buy Sell Agreements - The Business Valuation Formula
Normally shareholder agreements or buy sell agreements are written by the majority shareholder's very smart and experienced attorney and are totally favorable to the majority shareholder/Corporation. The minority interest shareholders are required to sign these agreements and often do not understand all the implications of what they are signing until it is too late. I will define too late as when they are trying to exit the business and get a liquidity event at a value that is reasonably close to the value of the company multiplied by their percentage ownership in the company.There are several approaches that we see used in determining the Purchase Price for shares of selling shareholders. The most common is Net Book Value. What net book value means is that you take all the assets and subtract all the debts and you get the shareholder equity or
table with the day’s mail and started sorting it into piles?
• bills (you always recognize those first!),Normally shareholder agreements or buy sell agreements are written by the majority shareholder's very smart and experienced attorney and are totally favorable to the majority shareholder/Corporation. The minority interest shareholders are required to sign these agreements and often do not understand all the implications of what they are signing until it is too late. I will define too late as when they are trying to exit the business and get a liquidity event at a value that is reasonably close to the value of the company multiplied by their percentage ownership in the company.There are several approaches that we see used in determining the Purchase Price for shares of selling shareholders. The most common is Net Book Value. What net book value means is that you take all the assets and subtract all the debts and you get the shareholder equity or
• “to read” pile (that’s always the
Teaching The Big Boys To Think Small
Last week I told you about a recent report from The Conference Board that has a lot of big company CEOs concerned about competition from smaller, more innovative and entrepreneurially-minded companies. To refresh your memory, The Conference Board's CEO Challenge 2004 reported that 87% of the 540 global businesses surveyed cited innovation and enabling entrepreneurship as priorities for their companies, and 31% considered these issues of "greatest concern."These CEOs understand that their big company status no longer guarantees that they will win contracts and retain market share based solely on their size and track record. They understand that the greatest threat to their businesses is not coming from the boardrooms of their largest competitors, but from small companies born in garages, on kitchen tables, and in tiny, rented offices.It's
sorting it into piles?
• bills (you always recognize those first!),Last week I told you about a recent report from The Conference Board that has a lot of big company CEOs concerned about competition from smaller, more innovative and entrepreneurially-minded companies. To refresh your memory, The Conference Board's CEO Challenge 2004 reported that 87% of the 540 global businesses surveyed cited innovation and enabling entrepreneurship as priorities for their companies, and 31% considered these issues of "greatest concern."These CEOs understand that their big company status no longer guarantees that they will win contracts and retain market share based solely on their size and track record. They understand that the greatest threat to their businesses is not coming from the boardrooms of their largest competitors, but from small companies born in garages, on kitchen tables, and in tiny, rented offices.It's
• “to read” pile (that’s always the
Less Clutter- More Clients
Every business wants to look good for their clients. Whether this means maintaining a shop to high standards or keeping a customer-friendly office, businesses want to ensure that their clients feel welcome and that they're exposed to the best possible aspects of the company. However, there's much more to keeping a work environment looking good than mere presentation: efficiency of work also holds a large stake in the matter.There are countless aspects to any business environment, ranging from the actual building where a business is based to specialised departments such as IT and administration. However, with all the strategic and developmental processes within a company, it can be difficult to organize operational aspects such as maintenance. For this reason, many companies often rely on efficient, effective and specialized means of support. Clea
always recognize those first!),Every business wants to look good for their clients. Whether this means maintaining a shop to high standards or keeping a customer-friendly office, businesses want to ensure that their clients feel welcome and that they're exposed to the best possible aspects of the company. However, there's much more to keeping a work environment looking good than mere presentation: efficiency of work also holds a large stake in the matter.There are countless aspects to any business environment, ranging from the actual building where a business is based to specialised departments such as IT and administration. However, with all the strategic and developmental processes within a company, it can be difficult to organize operational aspects such as maintenance. For this reason, many companies often rely on efficient, effective and specialized means of support. Clea
• “to read” pile (that’s always the
Death of an Automobile Dealership
Closing a store requires considerable effort and attention and the items listed below, in no particular order, are minimal considerations when terminating a franchise and closing a dealership operation.THIS CHECKLIST IS NOT "ALL INCLUSIVE". YOU SHOULD CONSULT WITH YOUR ATTORNEY AND ACCOUNTANT AND THIS LIST SHOULD BE CONSIDERED AS AN ADDITIONAL AID FOR YOU TO USE TO BUILD UPON WHEN YOU CONFER WITH THEM.Basic Preparation1. Officers, Directors and ShareholdersBe certain to hold both directors and shareholders meetings and to obtain resolutions from each entity, authorizing the dealer to liquidate the dealership, or a substantial portion of the dealership's assets.Determine whether or not the board and shareholders may authorize you a termination bonus and prepay your for your services in "winding down
>• “to read” pile (that’s always the tallest),Closing a store requires considerable effort and attention and the items listed below, in no particular order, are minimal considerations when terminating a franchise and closing a dealership operation.THIS CHECKLIST IS NOT "ALL INCLUSIVE". YOU SHOULD CONSULT WITH YOUR ATTORNEY AND ACCOUNTANT AND THIS LIST SHOULD BE CONSIDERED AS AN ADDITIONAL AID FOR YOU TO USE TO BUILD UPON WHEN YOU CONFER WITH THEM.Basic Preparation1. Officers, Directors and ShareholdersBe certain to hold both directors and shareholders meetings and to obtain resolutions from each entity, authorizing the dealer to liquidate the dealership, or a substantial portion of the dealership's assets.Determine whether or not the board and shareholders may authorize you a termination bonus and prepay your for your services in "winding down
• stuff to go in the wastebasket (but that’s on the other side of the room),
• papers to discuss with your significant other (who
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