Month: April 2016

Practical Reasons to Consider Certified Business Valuation

frIn our age of a highly competitive startup environment where new businesses are incubated and sold every hour, certified business valuation gains a lot of importance. If you wish to sell the business, you should know how much your business is worth. If the value is overstated, no one may come to buy, if it’s understated, you will lose in the process. Hence, certified business appraisal is crucial.

Difficulty in Valuation

It is not easy to value a business. There are both tangible as well as intangible assets which contribute to the value of the firm. These intangible assets like intellectual property and knowledge assets have to be assessed carefully. The right valuation gives you an upper hand during negotiation.

Subjectively deciding the price based on whims of the business owner will not have value in the market. The owner cannot determine the value of the company based on the debt he wants to recover. No buyer will be willing to pay the price that the company is not worth.

Determining the Business Value

Mere estimation cannot ascertain the value of the business. It doesn’t matter what you or others perceive the value of the firm. What matters is the real value of the business enterprise. The intrinsic worth of it should be assessed objectively without any ambiguity.

Irrespective of whether the valuation is a simple or complicated one, the value has to be ascertained scientifically. A simple business with its office in a single location may be easier to appraise. However, a company with an extensive network and a lot of intellectual property is difficult to value. The account books play a significant role in determining the value of the business. If they are not up to date or maintained improperly, the valuation could totally go wrong.

It also becomes difficult to value the business that has multiple owners with different interests. The motto of leadership and business owners also influence the valuation.

The importance of the business valuation cannot be stressed enough. In our capitalistic economy, it’s the most important criteria by which the growth of the business will be assessed. If the profit and loss factors don’t reflect in market valuation, then they will have no relevance in the business.

Different Ways to Value

A business valuation carried out for liquidation purpose and to present before the law requires sophisticated assessment. It should meet legal standards and comply with USPAP rules. On the other hand, a business valued for the purpose of selling may depend on broker value. Ultimately the actual value should be assessed through certified business valuation. It has to be scientifically carried out after considering all the costs.

An unbiased report from a certified expert will have value in the market. The dealings will be performed based on such report and not based on biased valuation.

How Does a Certified Equipment Appraiser Help

images (6)A majority of businesses depend on modern equipment to produce their products. The equipment helps in making production, logistics easy and fast. It is important to keep such useful equipment well maintained. These equipment are real assets of any business. The equipment should be properly valued. However, it is not easy to appraise the equipment. It requires help from certified equipment appraisers to know the value of the equipment.

Why Appraise Your Equipment?

There are various reasons for companies to know the value of the machinery. Since they are valuable assets of the company they help in times of:

– Mergers and acquisitions
– Filing bankruptcy
– Obtaining loans
– Filing taxes
– Selling the machinery

The value of machinery is essential to assess the worth of the business.

Various kinds of Appraisal Reports

Businesses currently accept two types of appraisals as per the Uniform Standards of Professional Appraisal Practice or USPAP.

1. Complete Appraisal Reports – It contains all the information about the equipment, it’s market value, the condition of the equipment, salvage value, number of years if operation, etc. It is one of the most common kind of appraisal.

2. Restricted Appraisal Reports – It’s an in-house report which can be used for internal purposes. This report is prepared when the client and the user of the appraisal report are the same. The report should not be used for external purposes.

Certified Machinery Appraisal Process

It’s a systematic process where the equipment is assessed diligently considering every piece of information.

1. Appraisers gather all the information about the equipment. They heck its make, model, year of purchase, it’s condition, it’s serial number, chassis number, the number of years it has been in operation, some repairs it has undergone, the upgrades carried out to the machinery, etc. They gather as much information about the equipment or machinery as possible to provide an accurate assessment.

2. A certified machinery appraiser maintains complete secrecy, and may not inform the client in advance while preparing the appraisal report. The appraiser gives time to the client to provide all the documents required to prepare the assessment report.

3. After all the information is gathered; the certified equipment appraiser will assess the value and write the report certifying the report. The appraiser should be neutral and not biased. He should use the fair and transparent process of assessing the equipment.

It is always good to choose knowledgeable appraisers with sufficient experience and good track record. It helps business to have the right value of their machinery. The correct value can increase the worth of the firm. Even if the value is low, a proper appraisal will help business to take steps to enhance the value of their business by having right machinery and equipment.

Criteria for Choosing the Right Kind of Barriers

faCrowd control and highway control barriers come in various materials and sizes. They have to be selected according to the purpose. They are widely used for different reasons from construction, highway to law enforcement. It is important to pick the right barrier for safety and security of the people and property.

Criteria to Choose Quality Barriers

Your choice should be economical and efficient while providing protection against unexpected traffic. It is important to source the barriers from reputed companies since quality is crucial for achieving the purpose of a barrier.

The barriers have to be portable for events and other purposes. In this case, water-filled barriers can be purchased. You should choose the supplier based on his record in the industry and reviews. The supplier should satisfy your budget and individual requirements. Water-filled barriers are portable and serve the purpose of regulating crowd efficiently.

Value Added Benefits

You should also make sure that barriers have interlocking hooks that can bend and are properly welded to the frame to avoid any separation. Choose a concrete barrier which has a good gauge for durability and strength to withstand the heavy traffic.

Concrete Jersey Barriers

When choosing a jersey barrier make sure that they are of the highest quality and don’t get damaged in extreme weather conditions. They should be designed to withstand any accident. The design should have elements which can thwart vehicle colluding to stop going overboard on the other side.

The selection of barriers should depend on its durability, flexibility, affordability, and functionality. If a barrier satisfies these criteria, then you just have to match the right kind of barrier for the event since some barriers are not suitable for managing a massive crowd.

Choosing K-Rails and Plastic Barriers

K-Rail barriers are modular and durable and withstand heavy traffic and help regulate it. If the barriers are of temporary nature, then you may go in for plastic barriers which come in various colors, with light reflectors and signage options for easy recognition. They are also easy to transport and recyclable.

A major condition in selecting the barrier is to ensure that they meet the specifications of National Corporate Research Highway Program for maximum effectiveness and durability. If you require the best barriers, then you can ask for ones that are specially designed for military and highways.

Choose the right kind of barrier to ensure the safety of the people. Security is the most important aspect, and the barrier should serve the purpose of regulating the traffic for property management as well as the safety of people.

Expert Tips For Effective CRM

download (23)Today’s store owners don’t need to manage their operations all on their own like the salespeople in more ancient times did. These days, technology is available to make everything from the simplest to the more complex retail processes easier and faster to accomplish, resulting in benefits all around. Here are some of the crucial software tools that make retail management a cinch for today’s enterprising individuals and organizations.

CRM. Most retailers require a system for effective customer relationship management which would enable them to keep track of every single interaction with their existing as well as future customers. At the most basic level, CRM software lets retailers store their current and prospective clients’ contact information, social media profiles, details on the calls made and emails sent, and such. More advanced systems would allow the creation of meeting schedules, display of sales forecasts and pipelines, and the like. Thanks to this solution, sales and customer service reps won’t have a hard time looking up client information for lead generation purposes and after sales functions, which helps them build stronger interactions and relationships.

POS. Step into any physical store, gather up the products you mean to buy, and take it to the store’s sales counter to pay for your purchases. You’ll see that the cashiers use specific equipment such as a barcode scanner, cash register or drawer, computer, touch screen display and receipt printer. This is the store’s point of sale or POS system, and it requires the appropriate software to successfully tally the cost, conduct the sales transaction and create and maintain records of all transactions. The best POS software makes managing multiple retail processes (business intelligence store operations, inventory control, payment solutions, merchandising, and such) smoother and more productive. The result would be simplified processes, reduced costs, and increased revenue for the business.

Ecommerce. Most retail businesses today complement the performance of their physical stores by incorporating the use of an online platform. Setting up the best ecommerce platform for your business lets you take steps toward valuable benefits: providing customers with a new and different channel to access your offerings, building customer loyalty, streamline inventory management, increase revenue, and improve overall customer experience. What’s more, this software can seamlessly integrate the management processes for both your physical and online store, making monitoring your sales across all channels simpler and more effective.