WHY YOUR BUSINESS NEEDS A MOBILE WEBSITE IN 2015

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.

aconner@atconnercpa.com

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.

#

Author’s Book Signing and Networking Event

Treasure’s Banquet Hall is inviting Authors of all genres to participate in this great opportunity to share published and upcoming work.

The 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

267-241-5695

Oh Woman! How Great Is Thy Faith! Let it Be as Thou Willl!!!

This Post is Inspired by The Canaanite Woman in Mathew 15:

This scripture was never one of my favorites.  I would get defensive about
 it because Jesus called the woman a dog; unfit for even crumbs from the
Master's table.  But this past weekend I attended a Camp Meeting service
 a the SDA Allegheny East Conference in Pine Forge, PA.  The guest
speaker was Admiral Barry Black.  Now, I had not been to camp meeting
 there in about 6 years, but when I heard that Barry Black was speaking,
 I put on my hat and went to hear him speak.  I was not disappointed.

READ MORE...

How to ruin your credit score

Warren Buffet once said, "It takes 20 years to build a reputation and five minutes to ruin it." The same could be said of good credit. It isn't built overnight or by accident. Most Americans with stellar credit scores have exercised financial discipline for years. That's why lenders are willing to offer them mortgages and car loans at favorable interest rates.
And like a good reputation, a strong credit score can be easily ruined. Here's how to devastate your credit score in four simple steps.

• Max out your credit cards and don't make required payments. About 35% of your FICO score — the number between 300 and 850 (worst to best) that most lenders use when deciding whether to extend credit — comes from your payment history. Paying late or paying less than required minimums can wreak havoc on your FICO score and may signal to lenders that you're overextended.

• Co-sign on an irresponsible friend's loan. There's a reason why your pal needs a co-signer — he or she is perceived as a high credit risk. If your friend defaults on the loan, you're responsible for the unpaid balance. As Shakespeare said, "Loan oft loses both itself and friend." And remember this: if you co-sign for a loan, the status of the loan will appear on your credit report.

• Close credit card accounts in quick succession. Shutting down a credit card or line of credit account may adversely affect your debt-to-utilization ratio (how much you owe in relation to your credit limits). As this ratio climbs, your credit score will tend to sink. Say, for example, you have three credit cards and each has a $1,000 limit. You carry a balance of $500 on one of those accounts. That's a debt ratio of $500 to $3,000 or about 17%. If you close one of the accounts, the ratio will jump to 25% ($500/$2,000). Though you haven't accumulated more debt, your credit score may be hurt.

• Default on your installment loan or home mortgage. This is another sure-fire way to trash your credit score. A home foreclosure, for example, may cause your FICO score to plunge by 200 points or more. And because most negative information stays on your credit report for seven years (ten years for a bankruptcy), lenders may be reluctant to offer you money for a very long time.

aconner@atconnercpa.com

Mary Jane's Closet presents TheMeltingPotArtExpo2: a white & gold affair at Blackeye Soup Studios.

MEDIA ADVISORY

Contact:

Jasmine Anderson

Mary Jane's Closet

ShopMaryJanesCloset.com
M.JanesCloset@gmail.com

Kourtney Fullard

267-439-6291

Kendall Hayes

267-593-7604

TO: City Editors, Education Editors, Photo Editors, Broadcast Assignment Editors and News Directors.

WHAT: Mary Jane's Closet presents TheMeltingPotArtExpo2: a white & gold affair at Blackeye Soup Studios. The night will be filled with some of Philly's best artists, who may not have otherwise been given the chance to display their talent.

Philadelphia, PA, May 30, 2014 –

A showcase that will display all mediums of art, including fashion designs, artwork and performances.   Artists include Jamir Linder, All Day J and Nebulus Flair, whose artwork will be on display. There will also be a variety of performers, ranging from poetry/spoken word to rap. A few performers from the first Melting Pot Art Expo will be returning, such as poet/writer Kourtney Naomi, singer Parker and rapper Cloudy. There will also be a performance by Brooklyn, NY rapper, E. Nigma.

“We are happy to host this event at our venue” said BlackEye Soup owner, Joshua Black.  “Our mission is to inspire and encourage the youth in their artistic ventures.”

In between performances there will be fashion scenes; designers include ZombieFlyd, CMTA and of course, Mary Jane's Closet. There will be a special fashion scene displaying designs from the brand called Distorted Love. The brand's founder, Jhamiel Anthony Robinson, recently passed away. To celebrate Jhamiel, a friend of his, rapper Calogero, will be performing a song while models display his designs.

Best dressed male and female will be acknowledged and rewarded during the show. There will be multiple prizes raffled off. After the show is over, guests will have time to eat, drink, mingle, network and take photos. Each guest in attendance will receive a gift bag before leaving the venue. There will also be the opportunity to purchase some MJC gear, including the newly featured Young, Talented & Broke tees, handmade flower headbands and sunglasses!

WHO:

• Jasmine Anderson

• Kourtney Fullard

• Joshua Black

WHEN:                 Friday, May 30, 2014

                                7:00pm

WHERE:              Blackeye Soup Studios

                                6143 Germantown Ave

                                Philadelphia, PA 19144