Expert Business Valuation Service for Small Businesses

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Business persons cannot achieve success in their respective niche, without learning their business’s strengths and weaknesses. Evaluating their organization helps them to come up with an exit strategy, which might be essential in the future. It is the responsibility of every entrepreneur to make necessary changes with the existing market condition. By opting for professional business valuation service, they can prepare themselves to take critically important decisions. Expert assistance can help individuals make valued decision in regards with licensing intangible assets, in-house disputes, and tax and finance reporting, to name a few.

If you are a business entrepreneur, you can come across the services of a number of business plan consultants on the Internet. By going through their respective websites, you can learn about the range of assistances they offer. It is also important that you settle for a highly experienced firm, as their profound knowledge can come in handy.

These companies are proud of the prior accomplishments at providing business valuation service and dedicate their time to help their prospect customers achieve their personal goals. They help businesses from the United States as well as from other parts of the world. They thoroughly assess their clients’ business and accordingly present a report that might assist in combating all kinds of challenges.

The business valuation analyst offers support with budgeting and forecasting, too. All companies have existing models that might require minor tweaks. The experts evaluate them on an ongoing basis and recommend changes wherever they deem necessary. It is, however, the decision of customers to decide whether they desire to execute the same or not. Their target is to help their clients’ business achieve a stable market position, which successfully generates sufficient cash flow. They follow it by strategic planning, where they conduct a detailed assessment of internal assets and the abilities against market opportunities. The business valuation expert provides appropriate feedback comprising available options where the company should move.

When it comes to credibility, professionals offering business valuation service assure that their valuation reports meet the standards as set by NACVA, USPAP, and NEBB. You can come across experts, who hold designations like Master Analyst in Financial Forensics, Certified Machinery and Equipment Appraiser, and Certified Senior Business Analyst. By logging on to the website of a reputable service provider, you can request an instant valuation quote.

For the same, you should provide basic information including name, email address, business identity, location, and comments, to name a few. The strategic consulting services experts will get in touch instantly and provide the much-needed assistance to help you proceed.

Through the quote, you can learn about the costs charged by the experts for business valuation service. It is advisable to visit different websites and acquire instant quotes from the professionals. Eventually, you will come across a company that charges marginal rates on high quality services. Once the consultants assess your business, you can make the necessary changes, as recommended. You will find the subsequent results overwhelming, as the profits associated with the same are colossal.

Five Ways to Protect Office Morale

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Never hold discussions with the monkey when the organ grinder is in the room – Winston Churchill

The early American Indians, as the story goes, had a unique practice of training young braves. On the night of a boy’s thirteenth birthday, after learning hunting, scouting, and fishing skills, was put to one final test. He was placed in a dense forest to spend the entire night alone. He was blindfolded and taken several miles away. When he took off the blindfold, he was in the middle of a thick woods and he was terrified.

Every time a twig snapped, he visualized a wild animal ready to pounce. After what seemed like an eternity, dawn broke and the first rays of sunlight entered the interior of the forest. Looking around, the boy saw flowers, trees, and the outline of a path. Then, to his utter astonishment, he beheld the figure of a man standing just a few feet away, armed with a bow and arrow. It was his father. He had been there all along.

Good leaders know a thing or two about protecting that which is important. The success of your business or organization is linked to the morale of its employees or volunteers. While everyone’s happiness is not the responsibility of the leader, it is in the best interest of the leader to see to it that strong morale in the work environment is maintained for maximum benefit.

Why does this matter to the leader and why should it be on his or her radar? Workplace morale seems to always be a challenge. The Daily News last year cited a Gallup report showing that 70% of Americans polled either hate their job or are “disengaged” from their work, and even perks don’t work if they’re unhappy with management. Until you make the building and maintain of strong morale a priority it will continue to be a negative issue you contend with. Here are five ways you can work to protect it.

1.) Put others first.

This is a basic leadership principle but one that yields high returns when applied. System-wide, when people within your organization learn to put others first it sends the message that you are committed not only to your own success but to the success of those you work with. The all-in is a signal of your buy-in which makes coming to work much more pleasant. When you don’t have to question where others loyalties it’s like a breath of fresh air. You build and protect morale by putting others first.

2.) Have your people’s backs.

Nothing will promote strong morale among your people quicker than when they know you have their backs. You give your team the ability to excel and create when they know you support them and when they know you have their backs not just in the good times but in the down times. Loyalty cuts both ways and when you demonstrate it both in words and actions you are protecting your morale not just for today but for tomorrow. Having their backs is about trust and it is a much needed stabilizer when team members don’t have to second guess you.

3.) Keep your word.

Protecting morale is saying you will have their backs and then having it. Having the backs of your people is not giving them carte’ blanch for things that are not in keeping with your values and goals. But it is about you as the leader giving team members permission to use their creative powers to grow and produce. You keep your word by giving your support and equipping them with the necessary tools for their development. You keep your word by being their chief defender when they come under unfair attacks. Keep your word and you will protect morale. It’s an issue of respect.

4.) Be consistent

Nothing will undermine the morale in your office or organization quicker than the inconsistencies of the leadership. Sadly, petty turf wars, jealousies, and office politics can sabotage office morale when self-interests and the actions of a few create a climate that affects the whole. As the leader, this is on-going battle you must be on guard against. A strong leader will be consistent in their dealings with everyone.

5.) Effective communication

There is a difference between regular communication and effective communication. A smart leader will not take it for granted that just because they put forth information that it is enough. George Bernard Shaw said, “The single biggest problem in communication is the illusion that it has taken place.” Effective leaders communicate, and protect morale, not by edict but by relationship. The burden is on you, not your people, for how well you communicate. Don’t leave it to chance. Protect morale by strong communication skills.

Make The Call Ziggy!

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Last week, two clients who are also friends, asked me to go to Los Angeles to defend a parcel of rough diamonds for their client. The client is new to the business, and had purchased a parcel and wished to sell it. They did not know why the gemologist who prepared the parcel was not defending it. That being said, my friends arranged for some buyers and they were to meet in the main diamond building in an office owned by another one of my friends. The office owner was my neighbor in the diamond building for many years. I spent 35 years in the diamond district of L.A. and know many people there.

My friends sent over the manifest for me to get a sense of what the parcel consisted of. As soon as I looked at the manifest, I told my friends that the manifest was worthless and that the prices asked for were several hundred per cent below cost. In addition, there were many other problems with the manifest that showed that the manifest was a complete fabrication. Further, they were offering some extremely large VIVID, Internally Flawless colored stones that do not exist in this world.

I told my friends of my concerns and they told me they did not believe in the details of the manifest, but were absolutely sure diamonds would be there in the morning, and regardless of what was on the manifest, there would be diamonds to sell. They agreed that I would go through the diamonds first and grade and evaluate them and only after that, would they show them to the buyers.

Normally, I only go to a gig, if I have been paid up-front. I have tried trusting people to pay me after the work, but have found that system leaves me chasing after my money. In this case, they needed me in L.A. the next morning, and there was no way for them to pay my fees up-front. Because of my friendship, I put my procedures and good judgment aside, and hopped on a plane in the early morning.

When I arrived in L.A., I went straight to my friend’s office and there, met the owner of the office, and my friend who arranged the sale. Also, one of the buyer’s representatives was sitting patiently waiting for the Brink’s delivery. The delivery was scheduled for the morning and everyone was in a good and jovial mood. The lawyer for the seller was due any minute and as we waited for him, we sat around talking about jet aircraft as the buyer’s rep is a world renowned aircraft designer.

Finally, an hour later, and the subject of jet aircraft exhausted, the lawyer walked in. He was a short, thin man in his early 50′s. He seemed good-natured and friendly. He had been the lawyer for the seller for more than 30 years and had great confidence in his client’s abilities. After pleasantries were completed,

I took him aside and voiced my concerns. He was quite confident that the goods were as represented and assured me every precaution had been taken to ensure the success of the sale.

It was now afternoon and despite repeated assurances, the parcel had not arrived, nor had the seller’s representative. My friend called down to the Brink’s office which is on the 8th floor of the same building and they did not have a delivery on hand. I suggested to the lawyer that he and I go down to Brink’s in person and find out about the delay.

We went in to Brink’s office, talked with the manager, and of course the manager asked for the shipping number. The lawyer did not have one. The manager then asked where it was being shipped from. The lawyer said Beverly Hills. No shipment on record was the manager’s answer. The lawyer looked and was confused. He got on the phone and called his client. The client got on the phone with his supplier, the supplier got on the phone with my friend; my friend looked at me and said that the seller’s source did not send it with Brink’s after all and it was coming with an independent shipper and t would be here in one hour.

We rushed up to the office so we could hurry up and wait. We knew we only had 59 minutes to go up 7 flights and the elevators always take so long in this building. Patiently we waited. We waited and we waited and we waited. Finally, at 6:00 P.M. the seller called and said they were sorry for the delay but that the stones would be in the office at 9:00 A.M. the following day.

I smiled at my friend and told him, if they wanted me to stay, they would have to pay me before I began any work. If it were not for my friendship, I would have jumped on the next plane out. The next morning we met in the office and once again. 9:00 came and went. The lawyer had assured my friend they would take care of me this day. The lawyer and the buyer both showed up after 12:00 P.M., still no goods, just more promises from the seller.

I told the lawyer and my friend I would not even open the parcel until I was paid. The lawyer and my friend went outside to discuss the situation and when they came back in the office, he offered me an additional $25,000 if I would let them pay me after the work. I refused. They then called the seller. The seller said his partner would be there shortly and would take care of everything. His partner arrived at 3:00. Still no goods and the partner did not have my money. Again they begged me to stay and do the deal. I said to myself, “This is a $30,000,000 sale and between the partners and the lawyer they cannot come up with a small 2 day fee? The goods are not here, and all I hear are stories.”

Again, I smiled sweetly and went over to the buyer, shook his hand, said my good-byes, kissed the cheeks of the office owner, went over to my friend and told him I was leaving and explained to him how to protect himself in this deal. Then I went over to the partner and the lawyer and shook their hands and wished them all success.

Neither the seller, the buyer nor my friends believed I was going to just walk out and kill the deal. There was a lot of money involved and they had spent weeks preparing for this sale. There were the countless conversations, the negotiations, the contracts, the promises of future deals. I was screwing up their deal and they were not happy with me. One of my friends lightly chastised me and told me I had spent too much time in Africa. The other just kept working on the deal, sure that it would happen. One week has passed. The goods have still not shown up.

None of these problems would have arisen, and much time and money would not have been wasted, had the parties followed a few simple steps. If you do not know what these few simple steps are, then call a rough diamond gemologist who does.

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