Do you like Stein Meat in Brooklyn? Do you like Marcus Lemonis? Here’s a good case study
Selling Your Business
Marcus Leomis and Stein Meats – a very nice case study
There’s an old adage when travelling that you should “know before you go”.
How much should you tip? What are the local laws and customs? Which side of the road do they drive on? Is it bottled water or tap?
In the same way, it’s wise to be prepared for your next excursion to avoid any foreign faux pas, it’s equally important if you want to avoid any expensive problems when selling (or buying) a business.
Knowing as much about the company’s financial position before buying, selling or merging a business is essential – otherwise you often won’t get the best deal and will be liable to make expensive mistakes. (See “How to Value a Business – Asset Valuation” and “How to avoid scams when looking for investment” for more background on valuing a business.)
Whether buying or selling, it’s essential to make sure you consider the full facts when valuing a business. How much is the machinery worth in the current marketplace? How are the intellectual property assets valued today? How much cash in on the books? How much money is the company owed? How much does it owe to banks and others? What’s the payroll?
But what happens when business valuations go wrong?
“The Profit” – Marcus Lemonis
Marcus Lemonis is chairman and CEO of Camping World and Good Sam Enterprises. He has approximately 6,000 employees in over 100 cities. Forbes Magazine estimates his consolidated companies “will record close to $2.5 Billion (£1.2bn, €1.5bn) in sales in 2013.”1 An investor and turnaround guru, he works with small businesses to make them successful.
Check it out http://sellingyourbusiness.com/business-valuations-go-wrong/
Janet Asteroff April, 2014
It’s easy to feel a bit left out these days.
Facebook bought global messaging giant WhatsApp for $16 Billion (£9.5bn, €11bn). Google bought crowd-sourced navigation app WAZE for $1.3 Billion (£600m, €722m). And Airbnb, which lets you rent your spare room to strangers, has a market capitalization of about $10 Billion (£6bn, €7bn), more than the established hospitality chains Hyatt, $8.4 Billion (almost £5bn, €6bn), and Wyndham, $9.3 Billion (£5.5bn, €7bn).
The technology sector has money to burn for acquisitions, and well-placed startups anywhere in the world can offer them the right technologies, talent for growth and competitive advantage.
How do large, cash-rich technology companies make these decisions? And how do newer, smaller companies decide that to sell to them is to their advantage, rather than remain independent? And what does this mean to everyone else who owns a non-high tech business?
A delivery man stopped by the other day to drop off some packages. He was not local to the area, as events would reveal.
At that moment, the previously announced Indian Point Nuclear power plant alarm system was tested. It’s pretty loud – and distinct. He looked at me in horror and said: “is that the siren from the Prison” – referring to one of the world’s most dangerous maximum security prisons, 1 mile away.
No, I said. That’s the siren from the nuclear power plant just up the road.
Welcome to the land that time forgot.
A very good read if you want to understand why certain data is real data, and other things are just numbers…from GigaOm –
Mar. 13, 2014
Summary: Another study is reporting on the inaccuracy of Google Flu Trends project, which predicts seasonal flu rates based on search data. However, Google’s algorithms don’t constitute the “big data” approach to this issue, they’re just one piece of a smart big data approach.
I suspect some of my old professors are spinning in their graves – JFA
Harvard College Library Houghton Library
Supervised by the Curator of Early Modern books and Manuscripts, and working with other Houghton subjects specialists, expand coverage on Wikipedia of topics relevant to Houghton collections.
Adding sources for existing pages and creating new pages on notable topics. Provide appropriate formatting and metadata (and OCR cleanup in the case of texts) to upload public domain content to Wikimedia and Wikisource, and facilitate the use of such materials by other Wikipedia users. Explore the creation of WikiProjects related to Houghton holdings and promote participation in such projects.
BA. Candidate must be a registered Wikipedian in good standing, with substantial experience in writing and editing Wikipedia articles, and possess knowledge of Wikipedia standards, culture, and rules. Knowledge and experience working with Special Collections preferred.
Attention to detail, good organizational skills, problem-solving ability, ability to work independently and collaboratively. Demonstrated ability and enjoyment in writing both clear narrative text and documentation. Excellent oral and written communication skills.
Proficiency with Windows-based applications.
Please note this is a temporary termed position with a scheduled end date of 3 months (13 weeks) from start date. (15 hours/week/(within M-F 9-5 hours)
To apply, please send a resume and cover letter to Barbara Karasinski firstname.lastname@example.org>
This is the best blog on Downton — written by a Brit with a great sense of humor and a good grasp of the program. Read them all and enjoy!
“Sigh. I know, I know. Parting is such sweet sorrow, innit? But let’s not think of tonight as just the end of the season: Let’s think of it as the beginning of the countdown to Downton Abbey Season 5, already in production for its January 2015 premiere. Until then, Thirteen.org/DowntonAbbey page with be updated regularly, and the gang will all be here a couple of times a month with my Dispatch From the Downton Abbey Diaspora blog, keeping you up to date and spoiler-free, on all things Downton.
Tonight, as we begin, it is eight months on since all the ladies craned their necks to watch Mary dangle her participles. In the interim, the earth has resumed spinning, Dr. Clarkson has been replaced with a chiropractor, and those participles are still dangling…
Go to the site to keep reading.
This episode was a bit slow, but we did get to see the Prince of Wales before he met Mrs. Simpson!
Worth the read, especially is you think email is dead? Is email dead? Probably not…
Very interesting technology happening in England. If practical, and not toxic to people or plants, can change things up for the environment and the way we do things all day, and all night.
U.K.-based resurfacing company Pro-Teq is currently testing Starpath, an ultraviolet-powered glow-in-the-dark pedestrian footpath in a Victorian park in Cambridge, England, that hopes to revolutionize the way we light our public spaces.
Starpath is created using an innovative, cost-effective resurfacing process that can be sprayed directly onto existing concrete, tarmac, and other hard surfaces. A polyurethane base, a coat of light-absorbing particles in a range of colors and sizes, and a waterproof, anti-slip finish are applied without the need to remove worn-out surfaces. It dries in 30 minutes, causing minimal disruption.
- A long article on Yahoo and why it’s dead, dying, whatever:
- Site: lettrs.com – introducing the “holiday letters option” for those of us who may need it. Gift a letter
- The Internet of Things – a surreal description of all the stuff we don’t know how to describe
- Good Communications System Mapping – it’s really hard to do, but Ben Thompson did it.
- Cloud Storage and Dropbox
Site: www.klout.com – trying to figure out why I care about it
You don’t have to be a DEA agent to figure out if your brother-in-law is a drug-dealing sociopath. All that training didn’t do Agent Hank Schrader any good.
When you are too close to the situation you will trip over the obvious, and then let Walt convince you that your shoes were untied.
So for dear Agent Hank, and everyone with regular jobs, here are some warning signs that your brother-in-law could be more like Walter White than you would like.
If your brother-in-law shows any of these signs, you can try to talk to him. When that doesn’t work, call the National Council on Alcoholism and Drug Dependence, Inc. (http://www.ncadd.org/). And when that doesn’t work, call the DEA.
Do not try to apprehend by yourself. The consequences will be bad.