Organize your thoughts and your transition steps:

• Always prepare monthly financial statements. You must have current P&Ls and a balance sheet. Do not allow anyone to dissuade you from receiving this vital information in a timely manner.
• Find out what your CPA will charge you to produce audited statements. You may be years away from selling but buyers will be impressed that you went to the expense and effort to run audited financials. You can’t imagine the trust and credibility that you will generate when you show a buyer and his financial team years of not only accurate but honest books.
• Keep perfect asset records. Each capital purchase should identify the name of the manufacturer, the type of machine/equipment, serial number, cost, date of purchase, age of machine at time of purchase, proposed uses of machine, and d
  Tales from the Corporate Frontlines: Try, Try, Again
  This article relates to the Career Opportunities competency and explores issues such as internal growth opportunities, potential for advancement, career development importance, and the relationship between job performance and career advancement. Evaluating the Career Opportunities competency in your organization will determine whether your employees believe they have a chance to grow within the organization. Studies show that lack of career opportunity is one of the top reasons why emp
  and your transition steps:
  • Always prepare monthly financial statements. You must have current P&Ls and a balance sheet. Do not allow anyone to dissuade you from receiving this vital information in a timely manner.
  • Find out what your CPA will charge you to produce audited statements. You may be years away from selling but buyers will be impressed that you went to the expense and effort to run audited financials. You can’t imagine the trust and credibility that you will generate when you show a buyer and his financial team years of not only accurate but honest books.
  • Keep perfect asset records. Each capital purchase should identify the name of the manufacturer, the type of machine/equipment, serial number, cost, date of purchase, age of machine at time of purchase, proposed uses of machine, and d
    An Outsourcer's Passage to India: How to Do It, part II
    Part I of this article listed all the things that you, an outsourcer, must do in preparation for a trip to India. It saw you up to the airport on your day of departure.Now you’re on the plane and you’ve had dinner; your eyes close as you drift into sleep, to dream of maharajas, elephants and computer geeks…After sailing the skies for an interminably long time, you finally arrive in the Indian subcontinent. Hot, humid air surrounds you as you disembark from the aircraft; f
    on in a timely manner.
  • Find out what your CPA will charge you to produce audited statements. You may be years away from selling but buyers will be impressed that you went to the expense and effort to run audited financials. You can’t imagine the trust and credibility that you will generate when you show a buyer and his financial team years of not only accurate but honest books.
  • Keep perfect asset records. Each capital purchase should identify the name of the manufacturer, the type of machine/equipment, serial number, cost, date of purchase, age of machine at time of purchase, proposed uses of machine, and d
    The Career Change Challenge - Shall I Stay Or Shall I Go?
    The average person works for 40 hours a week for around 40 years – that’s 80,000 hours of your life – and one in four people are currently thinking about changing their job.Many people find themselves in a situation where they have the “Monday morning blues,” feeling dissatisfied in their job, or believe it is time for them to move on. If this is an area that is affecting you, please read on and ask yourself the following questions.For what reasons do you want to chan
    audited financials. You can’t imagine the trust and credibility that you will generate when you show a buyer and his financial team years of not only accurate but honest books.
  • Keep perfect asset records. Each capital purchase should identify the name of the manufacturer, the type of machine/equipment, serial number, cost, date of purchase, age of machine at time of purchase, proposed uses of machine, and d
    Working At Home (The Apartment Manager)
    If you can work it out, and I know it’s not easy to do, the benefits of working at home are extraordinary.First, if you’re a single parent, like I am, then you are always there for your children when and if they need you.Second, you don’t commute. You save money on gas, wear and tear on your vehicle, cut down on pollution, and the more your vehicle sits in the carport the more you start thinking about reducing costly insurance premiums.But also, there is less wear
    s. Each capital purchase should identify the name of the manufacturer, the type of machine/equipment, serial number, cost, date of purchase, age of machine at time of purchase, proposed uses of machine, and depreciation methods used.
  • Have written job descriptions for each supervisorial position in your company.
  • Have a short, but comprehensive business plan that is fresh, workable, and not hidden deep inside a file cabinet drawer. This plan includes content and financial pro-formas.
  • Run cash flow forecasts quarterly and be sure they cover the next 4 quarters of your fiscal year.

  Do these tasks because.

  • How can you run your business day to day without them—even if you never plan to sell your company?
  • You will run the business better, with greater profitability if you do use them
  • Buyers love profits—don’t forget to make money.
  • Buyers are impressed with well organized companies with clean and sequential financial documents. Believe me—you will be able to sell for more