The Saga of Selling My Business

In: Business and Management

Submitted By dejwidzik
Words 678
Pages 3
The Saga of Selling My Business

Mr. Brodsky an a 60 year old entrepreneur, who owns three different businesses decide to sell his business to the CD venture for a well seated price. Threw out the reading of the story we have a chance of seeing the simplified process and how much it really takes to sell and at the other hand to buy an a established business. By this sample we can observe the amount of the people that have to be involved within the entire process that seems to be very complicated as well. In advance there is a part of the reading that is describing the delays that arise within the transfer of ownership process. At this point it gave to the over many back thoughts since the price was estimated already but the business was still successfully grooving and adding its value. As in many aspects of the real life buying or selling a business is a huge movement that is taking many steeps in order to complete and bring up to life.
Q1
The due diligence while buying the existing business is the only time that futuristic buyer has a real chance of validating company information and data that was presented within the offer. By focusing on the scale of the operation there is many vital aspects that are feting within the business like a puzzle, but just by missing one piece can create entire purpose and mission of buying the business unacceptable. Every little aspect of the company has to be verified and validate in order to became a meaningful piece of the final data that we will use in the process of the decision making. Collecting all of the information should take extended precision and ability to “dig for the truth”. There is no move back once the contract are sign; therefore, the due diligence process should be treat with specific attention and people who will perform such a duty have to be aware of the problem possibilities and solutions within buying…...

Similar Documents

My Business Ethics

...owning my own business, I would like to have a dessert shop, but I also have an interest in opening a tattoo shop with my brother. When I do open up one of these, or both perhaps, businesses I will take great efforts and do much research to develop a fair and safe list of ethical rules that I will make sure everyone that works for me, including myself, will follow. One of these rules would be to make sure that my employees are treated fairly and that they are given the opportunity to advance. I think that this is an important ethical rule to follow because the production of your business rests in the hands of your employees. They are the ones responsible for making and distributing your products, and in order for them to be motivated to do a good job at their tasks, they need to know that they will be rewarded for their hard work and contributions. Another ethical rule that I would put into play would be to make sure that the product that we are selling is safe and of good quality. This is another important rule that will also help the business. Without happy customers, you do not have a business. It is important to distribute something that will satisfy what they want, and something that will not be dangerous to their health. For instance, if I own a dessert restaurant, and my grocery supplier delivers me ingredients that are poor or contaminated, even if I absolutely needed these ingredients, I would not use them. I would lose more money if a customer became ill from......

Words: 511 - Pages: 3

Selling My Business

...For many owners of privately held companies, selling their business represents the culmination of years of work and offers the prospect of financial security for life. Our experience has shown, however, that without strategic financial planning prior to the sale, an owner may not realize its full potential. By defining personal objectives and putting a few key strategies in place, an already lucrative transaction can become a golden opportunity—without slowing down the sale process. Bernstein has developed an analytical framework designed to identify the critical alternatives when selling a business. By integrating potential deal terms, key tax- and estate-planning strategies, and the business owner’s financial goals, the owner and his team of advisors can, we believe, most effectively extract maximum value from the deal. While the model is best used on a personalized basis, our research has uncovered some global themes: • The sale of a business often allows the owner’s spending, legacy, and philanthropic goals to be met—but not always, particularly if strategies to meet them are not mapped out at the beginning. The solution is to ensure that sufficient assets will be set aside to address the owner’s top financial priority (often his spending needs), and then work out plans for meeting his other critical needs—all prior to the sale. • Generating the most value from a transaction is not necessarily tied to finding the highest sale price. Often, the maximum......

Words: 3941 - Pages: 16

Business Selling

...widened geographic areas of production. Agricultural suppliers to the company are now employing the most current farming practices - resulting in better cropping patterns, greater yields, higher farm income and increased jobs within the rural farming sector. One of the best examples of this supplier development is Trikaya Agriculture, McDonald's supplier of fresh iceberg lettuce. Initially lettuce could only be grown during the winter months but with McDonald's expertise in the area of agriculture, Trikaya Farms in Talegaon, Maharashtra, is now able to grow this crop all the year round. McDonald's has provided assistance in the selection of high quality seeds,and helped to develop a refrigerated transportation system allowing a small agro - business in Maharashtra to provide fresh, high quality lettuce to McDonald's urban restaurant locations thousands of kilometers away. Today, Trikaya Agriculture is a major supplier of iceberg lettuce to McDonald's India for its Indian operations. Potato Farming Potato Farming In Gujarat In 1991, McDonald's was looking for a particular variety of potato for manufacturing its world famous French fries. One of McDonald's suppliers - Lamb Weston - invested heavily in setting up production lines to process these potatoes and make the fries. However, production was discontinued, as the right quality of potatoes could not be sourced. The variety of potato required by McDonald's had to have a certain length, high solids content and low......

Words: 1015 - Pages: 5

Business Strategy of Selling Beauty Products

... of that which occurs six times a year. -bi·month·ly -syllabi.bī-ˈmən(t)th- - Bimonthly journal of the oncology nursing society. BUSINESS (n.)—an enterprise established to provide a product or service in the pope of earning a profit. -busi·ness syllabi.often attributive \ˈbiz-nəs, -nəz, Southern also ˈbid-\ -Middle English; Old English bisignes.  See busy, -ness - Business model based around growing income from a satisfied customer base of occupiers. BREAK-EVEN POINT(v) —the level of production or sales at which all costs are recovered - *bhreg- "to break" (see fraction) --(break) syllabi.\ˈbrāk\ - Break through the mass market clutter to deliver distinctive toys that inspire the imagination and bring out a child's true character -[Old English brecan ; related to Old Frisian breka , Gothic brikan , Old High German brehhan , Latin frangere  Sanskrit bhráj  bursting forth] BUDGET (n)—generally, a detailed plan for a measured period setting goals and outlining resources needed to meet those goals. - bhelgh- (see belly). -(meaning: leather pouch, wallet): from Old French bougette , diminutive of bouge , from Latin bulga , of Gaulish origin; compare Old English bælg  bag]   - Budget airlines are expected to begin flights within the next 2-3 years. .C. CAPITAL (n)—money or property used in the conduct of a business. - cap·i·tal syllabi. \ˈka-pə-təl, ˈkap-təl\ -Middle English capitale  head (noun use of neuter of Latin  adj.) for Latin capitellum,......

Words: 5026 - Pages: 21

My Dream Business

...Something that I`ve often wondered about with some people is why they decided to start their own business. And I saw almost every business owner living a great life, then I can find out my answer that working for others just make themselves rich-business owner grows richer and richer while the employees are just living a normal standard of life. So, I decided that one day I would become a business owner either. From that time the idea starting the own business popped into my head. So, what business would I like to start? What will I do in order to reach that goal? And why do I want to start up my own business? In a matter of fact, the standard of living ,so do the quality of life in Cambodian is getting higher from day by day .After hard-working ,on holiday more people need to go to the joyful place that can distract them from their stress; natural resort is an appropriate place for them to go. I want to build a luxurious resort which surrounded by the beauty of a giant grape garden. When we look outside, it is just a traditional one, yet everything will be opposite when we got into the garden. The shape and other everything in it will be designed with the beauty of grape, but also keep the modern style. Moreover, my business idea is not only play the role as a resort, but grapes are also the raw materials to manufacture many things such as wine, grape juice and so on. I want to build factory for manufacturing this grape. I can supply of raw material by the grape...

Words: 688 - Pages: 3

My Business Plan

...Ali Baba My name 5454 Flying Carpet St. My city and zip code 317(345-6789) flyingcarpet@yahoo.com December 2, 2013 Table of Contents Executive Summary 4 A.2 Mission, Goals and Objectives 4 A3. Keys to Success 5 Company Summary 6 B1. Industry History 6 B2. Legal Form of Ownership 7 B3. Locations and Facilities: 8 B4. Management Structure 9 B5. Products and Services: 10 Market Analysis 11 C1. Target Market 11 C2. Industry Analysis 12 C3. Competitive Analysis 13 Market Strategy 15 D1: Four Ps 15 Product- 16 Pricing Strategy 16 Positioning Statement- 17 Promoting 17 D2. Price List- 17 D3. Selling Strategy 18 D4. Sales Forecast 19 Implementation Strategy 19 E1. Overall Strategy 19 E2. Implementation 20 E3. Control Plan 21 Financial Statements and Projections 21 F1. Revenue and Cost Estimate- 21 F2. Forecasted Profit and Loss Statement 22 F3. Forecasted Balance Sheet 22 G1. Financial Projections 22 G1a- Breakeven Point 22 G1b- Financial Position- 22 G1c-Capital/Investment Needs 22 References 24 Executive Summary Ali Baba is a fast food sit in or take-out restaurant that will serve Mediterranean style foods such as Chicken or Beef Shawarma and Gryo sandwiches. There is an increasing demand for healthy and filling fast foods at value pricing, we believe Ali Baba can fill this demand. Located in the Circle Center Mall in the city of Indianapolis Indiana we will be able to serve mall shoppers and companies in the......

Words: 4664 - Pages: 19

Sports, Media, and the Fans: the Business of Selling Sports

...Corey Kirkland HIS 350L Bruce Hunt 12/11/13 Sports, Media, and the Fans: The Business of Selling Sports The relationship between sports and the media has evolved drastically thanks in part to the proliferation of electricity and its resulting technology. This relationship has now become the “defining commercial and cultural connection for both industries at the beginning of the 21st century. The media has transformed sports from an amateur pursuit into a hyper-commercialized industry, while sports have delivered massive audiences and advertising revenues to the media.”1 This symbiotic relationship has taken many shapes throughout the years, and each evolution in sports broadcasting has the intent of constructing larger audiences and markets to create higher revenues no matter the medium. In the long run, the only real loser in the sports broadcasting realm is the obsolete medium. As technology has evolved, the way in which sports have been presented has followed suit. “Over the course of the twentieth-century sport was transformed from a typically ad hoc unregulated amateur activity to one driven by professional standards and accountability at all levels.”2 This change came slowly at first, and has advanced rapidly over the past few decades. Now, due in part to advanced broadcasting techniques, watching live events and highlights of the day’s games can be brought to our fingertips with relative ease. Sports Coverage Before the Radio Before the......

Words: 5363 - Pages: 22

My Business

...Ethical and Socially Responsive Business Chipotle is committed to the highest standards of integrity in all of our activities and compliance with both the letter and spirit of the law. We expect that you will reflect these standards in your day-to-day dealings on our behalf. This Code of Conduct is for all employees, Officers, and all members of the Board of Directors. It is a guide to ethical behavior. Chipotle has an “open door” policy with respect to any concern relating to compliance with the Code of Conduct and other Company policies, and no person will be subject to disciplinary or other retaliatory action by raising any concern in good faith.. Definition of the Code of Conduct The Code of Conduct includes this introductory section, "Integrity Statement," "Anti-Discrimination, Harassment and Sexual Harassment Policy," "It’s the Law,” and "Chipotle Confidential." Approval of any activity or matter not in compliance with this Code must be sought in advance and, unless otherwise provided for in the Code of Conduct, may be granted only by a Chief Executive Officer. In the case of members of the Board of Directors and Officers of Chipotle, approvals may be granted only by the Board of Directors or an appropriate Board committee. Compliance with the Code If you become aware of a breach or violation of this Code or any other Company policy, you should report the breach or violation in the manner described in this Code under “Chipotle Confidential.” Chipotle......

Words: 895 - Pages: 4

My Business

...Business Profile NA _Printing NA printing is a small business which is focused on service provided. This small business was established since September, 22, 2014. The owner of this business is a USBI (Universitas Siswa Bangsa Internasional) student named Gusti Agung Komang Jaya Putra. Agung got an idea to create this business because he sees good opportunity that he can manage. The opportunity here means there are lots of students especially for USBI students’ intake 2014 who need help to print, copy, and scan their school task. So base on these situations he tries to collect his money as his first capital to run the business. Fortunately on that time he got money with total Rp1.000.000 from Koperasi Siswa Bangsa also from his pocket about Rp200.000. After he consider if his first capital has been collected enough then he buy one printer and three pack of paper A4 as his equipment and supply. Although sound simple, but in fact Agung feel difficult run his business because he a students also so he cannot focus on his business only. Then he decides to give service only for printing and scanning, which the price for printing is Rp300 for each page and Rp2000 for the scan service. Furthermore, to make his printing business different with other competitors, he decide to available every time the costumers need his help and also his friend can send the data’s through his email so they can still print their data even they cannot come to his living room. Amazingly by this additional...

Words: 298 - Pages: 2

My Own Business

...Week 7 / Report 2… My Own Business…”Yoga for Anyone” N/A Parkville University Abstract This paper explores the process I took to decide what business to choose and marketing strategies of said business I want to start. I selected one in a fast-growing arena of health improvement; and I will achieve it by offering everything there is to know about Yoga. It addresses several aspects of a marketing plan from how I arrive at this possibility to applying the marketing mix in the Four P’s of product, price, promotion, and place. Finally, I describe a layout over viewing why my website will succeed throughout product life-cycle. My Own Business: “Yoga for Anyone” Deciding upon a business is not something I did not go into lightly or taken on a dare. I gave it much thought, would research heavily through both the use of secondary and primary research marketing methods, and then send through the rigorous trials and tribulations of product and / or service life cycle. Main thing I understood it is not as simple as choosing something I thought in terms of…if I have a passion for it, everyone should share in my passion, and it is the latest and greatest craze; therefore, I must “jump on the bandwagon” and have one as well. Although, both of these ideas have some credence in marketing, because I had to believe in what I did and be marketable, respectively, it is not as glib or easy as the aforementioned old adages imply. I took all of this into consideration when I......

Words: 1330 - Pages: 6

My Business

...such as Poor Little Rich Slum (see my review). She graduated from Sophia College in Mumbai and IIM Ahmedabad. The book (357 pages, published by Westland India) covers three kinds of entrepreneurs: those who left India and then returned to launch their ventures, those who never left India, and those who have a broader social vision. Each entrepreneur profile in the book is about 15-20 pages in length, and includes key takeaways along with the ups and downs of each journey. Vinod Khutal grew up near Indore and studied architecture, before studying computer science. An ad by game developer Gameloft on Naukri.com led him to a job in their Hyderabad office, where he eventually became a game designer. In 2009, he founded Twist Mobile, with apps such as Age Effect. He tied up with VServ to use their app-wrapper technology for ads embedded in apps. Success stories included becoming the first Asian company with 10 million downloads on Noki’s Ovi store. “Today’s killer app is tomorrow’s delete,” says Khutal, who has now branched out into Android and iPhone apps. Sriram Subramanya grew up in Pondicherry and started work in the auto ancillary business, with postings in Chennai and Bangalore and training in Germany. He later moved into the desktop publishing business, migrating from print designs to digital content. Sriram’s wife had to sell her jewellery at one stage to fund the growth of the company, Integra. A tight focus on quality, precision and business culture helped grow the......

Words: 2041 - Pages: 9

Tips on Selling Your Business

...How to sell your Business without trying too hard… Not really…. By Lin Giralt In my previous article “How to succeed in Business without really trying…Inherit? Not really….” I mentioned reasons that second generation owners decide to stay in the business. That being said, I also mentioned reasons why it is sometimes better to exit: * You inherited the business, but it is not really what you want to do * You –alone or with a partner(s)- started the business, but believe it is time to move on. This can be a function of many things: * your age * differences with your partners or direction of the business * a desire to retire or cash out at a ‘good’ price * a hankering to renew, explore new business interests, to try something new, move to a new city or * the realization that the majority of your net worth is tied up in one asset or company Whatever your reason for wishing to exit your business, and we are not judging their validity, we assume they are valid for you, we would like to share a few ideas which could prove helpful in improving results prior to selling a business and increasing sales value. They will require effort, but not too much. We like to make you try hard, but not too hard. We shall organize them in three groups: 1) Increase revenues, 2) Decrease costs, 3) Reduce risks. Increase Revenues This, like most things in life, is easier said than done, but there are some basic improvements you could make if......

Words: 2148 - Pages: 9

My Business

...digression, please remember my name, because ten years after when you search it by google, you would catch the president of JAVAN fashion group, or unluckily, you may just find the owner of an online clothing store – JAVAN. In the following, there is not any word ‘career’ used because it does not meet my dream’ satisfaction. Instead, ‘business’ is the one which will be used for the spirit of my essay. It is impossible for a student like me has a dream of starting a business. Once I still was a hyperactive little kid, my father had a hope that I would study well, enter an notorious university, study professional in my fields and become an specialist in such fields, which means I strictly gain a good jobs with high salary in the future. My elder brother is now a customer relationship expert of one of the biggest joint stock banks of Vietnam, and he had ever been the second admirable person of my life preceded by my father. The word ‘business’ would have never had chance to emerge in my mind when it was overwhelmed by my father’s ideas till a day when I am stunned by a huge of startup from my friends. Such event likes pouring an ice water bucket into my head and force me to revolutionize my thought. More surprisingly, the initial step of my business blueprint is establishment of clothing store named JAVAN which is incopporated by both name of mine and my girlfriend the co – founder of our business. When my father heard about the word ‘business’ and ‘my clothing shop’, he was......

Words: 895 - Pages: 4

My Reflection on Business Ethics

...My Reflection on Business Ethics Introduction: For the purpose of this paper, I will briefly talk about my experience in class this semester as a business student. The university has started a new academic period to complete a course. It was rough at first but as time when by, things became quiet and I became more involve in class. I had a great experience with class members who were totally engaged in the class and we had a lot of stimulating conversations. While the pace was so fast, a little hard to keep up with the time, I tried my best to stay on track. It has been a great experience with the new eight weeks process. It astonishes me how business ethics is an important part of the business world as ethic play a significant role in our daily lives. We as individuals need to know how to behave as we move around the world. There are so many people from different cultural backgrounds; we also have the responsibilities to learn about different cultures as we move around. Business ethic has prepared me as an individual to know these things. We come from varieties of backgrounds; ethics are viewed at different prospect in various parts of the world. I had a great Professor who has mastered the subject matter to the fullest, he clearly explain the course as we moved on to the end of the semester. My professor understands that student sometimes go through rough times and he willingly understood their problems. The professor is always physically present, so if......

Words: 535 - Pages: 3

My Business Management

...My Business Management Some important questions that I as the owner ask are exactly the same issues covered in the mission statement: Who are my customers? Where are they? What do they want? When do they want it? Why should they buy it from me? How do I get it to them? This essay describes my concrete experience of running and managing a construction company. Pricing, for the Construction Company, relates to how well the project is estimated. After the contractor estimates the cost of the project they must add a fair profit. At this point it is important to know your competition and to determine construction “profit margins” for your locale. The better you know your competitors the more competitive you will be. The success of the firm can very well be determined by the skill of the estimator. [pic] In the competitive bidding market the lowest reasonable bid most often get the contract. Promoting is the art of selling and can be accomplished in a number of different ways, such as advertising, brochures, direct mailings, and personal contacts. Your decision on the best way to promote your construction company will depend on the type of contract you are competing for and your market. In the construction business competing for the jobs in your market area is done with bids. The two different types of contracts are public bids, or negotiated bids. For public competitive bids pricing is the primary marketing emphasis, and for negotiated bids contacts are most important. Az űrlap...

Words: 623 - Pages: 3

La Femme Nikita | Black-ish S04E18 720p HDTV x264-worldmkv [eztv] | Chinese Architecture 4