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Haritha Sree: Feng Shui – Part 1

This episode of ‘Haritha Keralam’ focuses on the use of Feng Shui for a prosperous agriculture. www.istream.in

The Unplanned Business Exit

We Buy Your Business

For some, planning a business exit can be a predictable, methodical process. We know the competition; we understand market demands, know when we want to sell and might even know the actual date. But for far too many business owners, the business exit comes as a harsh reality and often unplanned event.

Protecting your business and assets against the dreaded six D’s of an unplanned business exit can give whole new meaning to the term “Disaster Management”. While every business may experience unexpected pitfalls, careful planning to ensure risk exposure is minimized can assist in keeping you in the driver’s seat when it comes to managing your company. Familiarize yourself with the six D’s of an unplanned business exit: debt, death, disability, divorce, departure and disaster. Know the enemy and look to address all six D’s in your operating and buy / sell agreements.

The Six D’s of an Unplanned Business Exit

Debt:No one goes into business and plans on it not succeeding, but 40,000 businesses fail every month in the United States. When debt exceeds revenue, it is critical to exit timely in order to minimize loses. Understanding limitations and protecting critical assets are key to successful divesture.

Death:Many businesses are solely dependant on their owner’s abilities, relationships, and passion to drive success, and when there is a death of an owner or partner of a business, it can have significant impact to a business almost immediately. While no one wants to consider their own demise, the strength and longevity of a business relies on being able to plan for such a critical loss even if it means downsizing or reorganization. The survival of a business in relation to key individuals needs to be evaluated and exit strategies planned accordingly.

Disability:Unbelievably, death is not as likely to end the business as a disability. A disability to a business partner can put a significant drain on cash flow, daily workloads, and excess down time, all of which can be devastating. Insurance and financial planning towards alleviating such an impact needs to be carefully evaluated especially when dealing with small business start ups where funding and resources are limited.

Divorce:No one wants to plan for a business or personal divorce, yet while Pre-nuptial agreements may be gaining in popularity many people never look to manage such impact to their businesses. What happens when the partners cannot get along? Or worse, you inherit another partner due to a personal divorce settlement? Exiting the business might be the only alternative you are provided.

Departure:It does not sound as bad as death, but it can wreak the same results. A partner, key employees, or other resources decide to go to the competition, retire, burn out, or win the lotto. When they leave, how does this impact your business going forward?

Disaster:If the five D’s above where not enough to impact your business, there are no limit to the other disasters that may occur that were never planned on: robbery, sickness, employee theft, employee turnover, natural devastating events, etc. In today’s post Katrina, 911 world the impact of the chaos theory is enough to keep even the best business minds awake at night. Plan for the worst; strive for the best and know when to get out if need be.

For the typical business owner, each one of the six D’s has special demands on the family, income, taxes, and control of assets. An agreement, commonly called buy/sell agreements, can be used to plan for the impact associated with the dreaded six D’s. A successful sustaining business exists as a separate entity from personal concerns and risk can be reduced by developing mutually fair and equitable agreements prior to these events occurring.

Business is an evolution and travels a diverse path. While some may look on an unplanned exit as a failure others may see an opportunity for growth and freedom.

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Aromatherapy School

Aromatherapy is the inhalation and bodily application of essential oils from aromatic plants to relax, balance, rejuvenate, restore or enhance body, mind and spirit. Aromatherapy is the use of natural oils that are derived from flowers, roots, twigs, and other items. Aromatherapy aims to unite and balance the body, mind and spirit, which is then continually validated through the efficacy of the essential oils. It is so popular today that a number of aromatherapy schools are out there offering opportunities for well-trained and dedicated people. The career opportunities offered by the aromatherapy schools greatly vary.

Different aromatherapy schools may focus on a variety of elements of aromatherapy, while other aromatherapy schools may concentrate on the study of aromatherapy along with the other natural health or allopathic health disciplines. An aromatherapy school teaches a form of complementary massage that uses the sense of smell to help facilitate a positive change when a person is feeling ill. Aromatherapy schools teach students how to use oils which are extracted from plants, these are known as essential oils, other aromatic plant parts are also used to help patients who suffer from many different types of illness.

Aromatherapy schools learn students about the distinct types of vital oils and what sickness they assist to alleviate. For example If the patient is suffering from burns, an aromatherapy pupil will be taught how they should take lavender oil, and too the amount and frequency to use it. Many aromatherapy schools think that aromatherapy is a skill and should simply be practiced in a professional style by aromatherapy school graduates. Although new schools learn the pupil to give upward to there hunch as easily. Which is seen by some as being the more stable manner. An aromatherapy school is offered to primarily medical practitioners as well as massage therapists.

Those who are licensed to practice medicine can take an aromatherapy course if they are interested in supplemental treatment that is holistic.The basic teachings in aromatherapy schools is to address questions such as what is aromatherapy, what different oils are used, how can they be used effectively and how they work on the body and mind. Courses will teach students how aromatherapy works into the bloodstream through inhalation. They will also teach you various ways to blend oils, how different oils have different effects physically and mentally. Some medical doctors disapprove of aromatherapy schools and the practice of aromatherapy.

1 Interpreting Media NLP Neuro-linguistic programming

1 Interpreting Media NLP Neuro-linguistic programming Neuro-linguistic programming (or NLP) is a controversial interpersonal communication model applied in psychotherapy and other contexts of communication and change. It was initially co-created by Richard Bandler and linguist John Grinder in the 1970s based on the communication and behavioral patterns acquired from gestalt therapist Fritz Perls, family systems therapist Virginia Satir and psychiatrist Milton H. Erickson. The originators …

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Is Selling Your Business the Best “Exit Plan”?

My neighbor asked me, “Why would anyone sell a successful company?”. He could not understand why anyone would leave a business that was doing well. Of course successful companies get sold all the time.

So why do these business owners sell? The short answer is that most closely held businesses sell for human reasons, such as burn out, retirement, illness, partnership disputes, family issues or other personal reasons. Usually the business is fine but the human being running the business needs a change. To understand this better it is key to understand the other options for exiting a business.

Close the Business/Liquidation

Closing a business that is profitable never makes sense. Even if the assets are liquidated the price is likely to be pennies on the dollar versus selling the business as a going concern with employees, customers and a reputation that is intact. Not only does the business owner get the lowest value but the employees, vendors and customers are hurt by this type of exit.

Accident, Illness or Death

No one wants to exit their business this way, but many do. The loss of an owner not only creates tremendous issues for the family but also creates a leadership void in the business. Even the most competent management can struggle when a key business leader is lost to a serious accident, illness or death. No one plans for this type of exit but many end up exiting the business this way because they failed to create an alternate plan.

Succession

Succession by a family member or key employee has its benefits. They know the business, its product or service, employees, customers and vendors. Succession can be operationally successful for the exiting owner if they make sure the successor is carefully selected, qualified and groomed for the position. The owner must be careful not to make an emotional choice of a relative or favorite employee but instead choose the successor with the right skills to lead the company into the future. You are not seeking an “Employee” mentality but an “Owner” mentality. If that rare person can be found in the business who can make the transition to Owner, they often do not have the cash needed to purchase the business. They are also likely to want to pay less for the business as familiarity will blind them to many of the value drivers of the company. So although succession can be operationally successful it is rarely a financial success for the outgoing owner.

Sell

Closing or liquidating the business minimizes the value to the owner. Accident, illness or death forces the issue on the owner. Succession provided a very limited pool of options with limited financial reward.

Selling on the other hand allows the business owner to decide their ideal timing, maximize the value of the business they worked so hard to build, coordinate the use of the sale proceeds for financial planning and align their personal goals with the sale of a business. Selling the business allows the business owner to create a wealth event and often significant on-going passive income without having to run their business.

Whatever they are, human reasons are always pushing and pulling on a business owner. Burn out, stress, divorce, illness, partner disputes and limited growth capital are some of the human reasons that push owners out of the business. Retirement, enjoying life, relocating, a new business opportunity and passive income are some of the reasons that pull a business owner out. Whatever the motivation, the fundamental reason a business owner chooses a sale as their ideal exit plan is control. The business owner chooses to understand the value of their business and to proactively pursue the right buyer and the right price. By selling a business you choose to exit your business by choice, not by force.

The professional team at Sunbelt Midwest can help you confidentially sell or buy a business in Minneapolis, Milwaukee, Chicago, and surrounding areas. For more information check out our site at http://www.sunbeltmidwest.com.