Clive Connors

cliveconnorsnet | 15 March, 2010 12:55

You must ask yourself these (4) Questions:

1. Is my business salable or what can I do to improve the saleability of my business?

If you were to put your business on the market today - would you get an asking price that you could live with? If not, what can you start to do now to improve saleability? Is the business turn-key? Are company policies and procedures documented to provide for a smooth transition for a new owner? These are just some of the questions that you must ask yourself.

2. What is my business worth?

You might have a figure in your head -but this figure is often based on emotional factors. One way to get a good third party opinion is to hire an expert experienced in business valuations.

3. How can I exit from my business and maintain my current lifestyle?

Your business provides for you and your family. It pays your bills, your living expenses, your medical needs and it funds your retirement. If you are contemplating an exit from your business - whether you plan to retire or just transition into another income producing venture - you have to know how much money you will need to maintain your lifestyle

4. What are the tax implications of selling my business?

Clive Connors

However, having and keeping a good reputation entails hard work. It is not like you just have to sleep on it and tomorrow you will have one for your business. And it also does not mean that when you have a good reputation you can just sit back and relax. You need to really work on it.

Clive Connors A Vision Statement is not just a pithy saying that sits below an inspirational picture that hangs on the wall. For it to achieve its full effect, the Vision of the business has to be a lived reality by all of the people in the business. It is the future that is created for the business, and it forms an integral part of the business performance management process.

Fulfilling the Vision is the key benchmark against which business development and risk management are measured. Effective and successful business owners are always asking the question, "How does this activity further our Vision?"

There are four key perspectives required in developing clarity around Vision in small business.

Clive Connors

Do you run a business that requires your people to travel a lot? Do they have to close deals or meet prospective clients in destinations around the continent or the world? Commercial airlines can be a drag for both your people and your business. Costs can begin to skyrocket, and when your main focus is making your business efficient and profitable, you need to find a better way to mobilize. When your focus is billable hours, the last thing you want to be doing is dealing with a commercial airline. Long waits, delayed flights, lack of privacy - these are all factors that can hurt your business.

Clive Connors Get professional help for your business. Getting an expert's advice about your business is a very effective way to learn more about the proper procedures and operations needed. You will need a financial analyst for financial matters, a business owner who can give you feedbacks about the business and a lawyer who can make and review documents necessary in the inception of the business. With these in place, you can be assured that you are prepared and ready to sell your business. Sell and earn!

Clive Connors Research thoroughly all the various many small financing business financing resources available for almost any situation. Make sure you check out all of your options to see which resource will work best for your business needs.
There are small business financing resources to help you start your business but if you don't know where to go start here with these resources.

Government Small Business Loans - Visit or call your local business library or government agency. You can apply on a local, state, and federal level to get the money you need to commence and grow your business.

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