Being direct… Who doesn’t want a high cashflow business that is easy to operate? I’ve got both hands up. I’m going to share with you some business models I’ve ran across that are easy to operate’. This is going to come from the perspective of; acquiring a business. I prefer to acquire established businesses rather than start them. About that ‘Easy To Operate’ Of course I must state the obvious, ‘easy to operate’ is subjective. An easy to operate business for myself might be an Ecommerce digital business where I don’t have to entertain clients

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In sales, there are lots of ways to look for new business opportunities. Asking for referrals has long been considered a viable approach to expanding your outreach, but how do you go about it the right way?In recognition of the fact that asking for referrals is far from straightforward, we explain how to ask for referrals in sales without feeling sleazy and introduce you to seven top tips you can use to get your foot in the door.What is a Referral in Sales?A referral in sales is the act of asking one of your clients

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If you’re planning to sell your small business, it’s imperative to think about who you’re going to sell it to. After all, there are lots of different people who might be interested in investing in your company, so considering your options is important. In this article, we introduce five types of buyers for your small business and explain what they’re looking for in a company. 1. Individual Buyers When a solo entrepreneur aspires of buying a company, they are referred to as an individual buyer. In many instances, it will be the entrepreneur’s first entrance

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Are you an entrepreneur who is constantly looking for a new and exciting project on the horizon? While this isn’t necessarily a bad thing, it is if you find that your productivity is suffering as a result of your impulsiveness.You might, as we explore in this article, be suffering from something called shiny object syndrome, which can have a devastating impact on the productivity and ultimate success of your business.Shiny Object Syndrome – Is it Real?  Although it may sound trivial, shiny object syndrome is a very real affliction that affects entrepreneurs. If ignored, it can

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A search fund is pot of money raised by a group of aspiring entrepreneurs who use the capital to acquire a business.  The “aspiring entrepreneurs” usually receive a salary during the search process. Search funds typically acquire companies that are worth between $5 and $30 million.  The capital is fronted by high-net-worth individuals who believe in the skills and capabilities of the entrepreneurs managing the fund and the subsequent business that is acquired. The primary reason that a search fund is different from private equity investments is that the entrepreneurs are planning to buy and

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It’s absolutely vital that you appoint a General Manager within your small business who is up to the task. And in order to attract the best talent, you need to create a highly effective and attractive compensation strategy that covers all bases.  But what should you include in a compensation strategy for your GM? And how do you work out what’s fair and appropriate?  In this guide, we explain what you need to think about when developing a compensation strategy for the GM of your small business, so you’re in the best position to attract

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If you’ve decided to sell your small business, then you’ve come to the right place. Having exited two small businesses I know there’s so much to consider when selling a company that you’ve worked so hard to build. I'm going to introduce you to six tried and tested small business valuation methods that will enable you to market your business at the price that it is objectively worth. But first, let’s look at what we mean by a business valuation method and why choosing the right one is important. What is a Business Valuation Method?

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Investing money in real estate can be as straightforward or as difficult as you make it. And while most people front up the costs of real estate themselves, an alternative approach is joining a real estate syndication in order to maximize your potential returns. This has particular interest to me as a real estate syndication can get you exposure to more markets (diversification) without higher amounts of capital. To help you understand what real estate syndication is and how you can profit from it, we explain: What a real estate syndication is How real estate

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As an entrepreneur or an employer, you need to familiarize yourself with many business terms and concepts. That is why it is crucial to know what does TTM mean, as it will help you with your business performance and finances. So, if you are wondering the meaning of TTM, you are in the right place. Here is everything you need to know about TTM. What Does TTM Mean? Trailing twelve months (TTM) refers to the past twelve consecutive months of an organization's performance data used to report financial figures. Remember that the twelve months here

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Being a sole proprietor is the simplest form of business to run. Most of the time, it’s just you doing all of the work and calling all of the shots. However, once your 18 hour days start paying off and you have customers and the money coming in, you may consider getting some help and hiring employees to take on some of the work. Can you hire an employee to help you take your business to the next level as a sole proprietor? As the title says, yes, you can. However, there are some things

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