Pages

Tuesday, August 12, 2014

Business Tip for the month of August - From Anita T. Conner & Associates, P.C.

Do a business valuation when you're ready to sell your company

Well before you're ready to sell your company, you'll want to determine its fair market value as a starting point for negotiations. Of course, obtaining a reasonably precise value for your business is often a complicated and time-consuming task. Accurate appraisals must weigh a variety of factors and incorporate numerous assumptions. The more precise the underlying numbers and suppositions, the more likely the appraiser's determination of fair market value will reflect what a willing buyer would actually pay. Following are two questions an appraisal should address.
  • How does your business compare? If you're operating a service business, your valuation will differ — often substantially — from a company involved in light manufacturing or retail. Buyers will expect a reasonable return on their investment, a return that is often represented as some form of earnings multiplier. For example, your business may be valued at three times projected earnings. Once determined, that number can be compared to businesses of similar size in your market. Of course, accurate valuations must compare apples with apples. "Earnings" must be defined. Should "earnings" include or exclude the owner's pay, interest expense, depreciation, or taxes? A careful appraisal will also scrutinize the balance sheet. The basis for valuing tangible and intangible assets (including non-compete agreements) and liabilities (such as mortgages, installment loans, and accounts payable) should be clearly laid out — before the business is put on the block.
  • Will present trends continue? The future is always murky, but a careful analysis will be based on conservative projections, assumptions, and common sense. If, for example, the business is expected to retain skilled management and employees, buyers may be willing to pay a premium. If, on the other hand, the company is overly dependent on a few products or customers, potential buyers may be scared off. Or they may require concessions to mitigate perceived risk. Again, a careful appraisal will consider many such factors and value the business accordingly.
Remember: an appraisal is merely a starting point for negotiations. The more accurate the appraisal, the more likely the business will be priced correctly and potential buyers will be attracted. Unfortunately, determining the fair market value of a business may be fraught with missteps and faulty assumptions. For that reason, hiring a trained and objective professional is often a worthwhile investment.

Tuesday, August 5, 2014

FREE NETWORKING EVENT!

FOR IMMEDIATE RELEASE
Contact:  Dayna Cherry
267-601-6094


Local Author/Entrepreneur Hosts Inaugural
Author’s Book Signing and Networking Event
For Authors who are seeking community and National recognition

Philadelphia, PA – August, 2014 -  When Dan Ramsey became incarcerated, he took it as an opportunity to reflect on his fast and furious lifestyle of gangs, drugs, pain and power.  He used reading as an outlet and a tool to help him grow internally – studying the Bible, the Koran and a variety of other books.    Danny believes that God spared his life to enlighten and empower him to bring many books to fruition – book s that will aid others in their search for inner meaning.   Inspired by his daughter, he wrote and illustrated 9 children’s books.  He is also the author of “For Men Only… Having A Loving Relationship With God And Your Woman” a book that was written exclusively for men to help them see that the role of a woman in their lives is an essential element of their spiritual health and a significant contributor to their own self-actualization.

“I started writing For Men Only…Having A Loving Relationship With God And Your Woman while I was incarcerated.  I became a lecturing in prison and upon my return to society began teaching various men’s groups about the importance of keeping God in the relationship with their women.  I brought so much information to the forefront that the participants couldn’t retain it all in one session and I was asked to write it down.  So, I self-published this book that I had written while incarcerated.”

Daniel emphasizes that the book is not just For Men Only.  “Lots of women have read it as well.  It was written for men because men are supposed to be the head of the household and they need to be straight in order for the household to be in order.    Woman who read this book are getting a different perspective on the male experience.  It helps women raise their standards in what they expect in a relationship.”

“Ever since I published this book, I’ve meant several fellow authors who've shared their stories about the journey of writing a book.  Many have become discouraged, lacking support and information about writing and publishing books.  I decided to host a forum to bring authors together, giving them an opportunity to promote and sell their books, to network and to learn more about writing and publishing.  “I wanted to offer a forum where Authors could come together and encourage one another.  We need to surround ourselves with like-minded people and build up one another’s confidence.   I also wanted to have a place and time dedicated to encouraging people to read; children and adults.”

Treasure’s Banquet Hall will host its Inaugural Author’s Book Signing and Networking Event Authors of all genres are invited to participate in this great opportunity to share published and upcoming work.    There are currently 10 authors who have signed up to participate. 
There will also be representatives there from the Philadelphia Chapter of The National Writers Union UAW Local 1981 -  the only labor union that represents freelance writers.

Now, more than ever, with the consolidation of power into the hands of ever-larger corporate entities and with the advent of technologies that facilitate the exploitation of a writer’s work, writers need an organization with the clout and know-how to protect our interests. One that will forge new rules for a new era.

Combining the strength of more than 1,200 members in our 13 chapters with the support of the United Automobile Workers, the NWU works to advance the economic and working conditions of all writers

This event takes place Friday August 22, 2014, 2pm – 8pm at Treasure’s Banquet Hall 5549 Germantown Avenue Philadelphia, PA 19144.  This event is free to the public.  Author’s fee is $15 for table. 
For information, contact Dayna Cherry 267-601-6094 or Daniel Ramsey at 267-241-5695.



#