How Long Does it Take to Sell a Business?
September 19, 2020
Most people who sell their business do not expect this to be easy, but many are surprised at how hard it can actually be and how long it sometimes takes to get a good price, in a good time.
However, it is important not to let fears lead you at the time of sale. Most of the frustrations and challenges in the experiences of sellers can be easily avoided with some helpful information. There are a lot of challenges you have to go through in the process of selling a business; below, you can read about those that you must avoid, because they have a significant impact, both for selling the business and for your peace of mind.
- Insufficient preparation
Lack of training is by far the most common mistake that small business owners make. Just as you have improved your house a little before you put it on sale, it is just as important to analyze and fine-tune certain aspects of your business before putting it on the list of selling businesses. Financial documentation, profitability, issues related to renting space, employees and other issues will not only influence the stability, but will also affect the price of your business, on the market.
- Distrusting the professionals
You may be an expert in running your business, but not in selling it, unless you are also a broker, a lawyer etc. Therefore, do not hesitate to take advantage of the experience business brokers provide.
- Leaving all tasks in the care of the professionals you hire for this job
On the other hand, be aware that once you hire a broker, your job is not over! Even if the broker will work hard to promote your business to potential buyers, there is no one has better motivated to sell it than you, or with more knowledge about it than you have. So, make sure to have a conversation with your broker about how you could promote the business too without following in his footsteps, so that you two do not work on the same things.
As a salesperson, you want to present your business in the best possible light, but that does not mean you have to exaggerate. Misrepresentations will influence prospective buyers, when they review the current financial statements, but will also become the basis for legal actions, after the sale.
- Failure to set post-sale terms
Many homeowners are so focused on selling their businesses that they completely neglect the transition process that will take place after closing. Some buyers will insist that the seller stay with them for a few months, while others prefer to end the collaboration once the purchase has been made. Either option is good, as long as the buyer and seller have discussed everything on the transition process and reached a consensus.
If you take these aspects into account and work with an experienced business broker, you have the chances to sell your business in 6 months; otherwise it might take longer than 12 months.
The Beauty of Channel Letter Signs
July 23, 2020
Channel letters are among the most attractive types of signage – the custom-made letters manufactured from metal or plastic can be used outdoors, on the exterior of commercial buildings as well as indoors, to highlight specific areas and to provide information to customers. The beauty of using channel letters lies not only in their aesthetic appeal – they can efficiently fulfill all the roles of signage, including informative, establishing and consolidating brand image. Here are some further benefits of using the solution.
The materials used for the channel of this type of lettering include plastic or metal, usually aluminum because it is rust proof. Whatever material solution is chosen, your channel letters will do your business long-lasting service and will be able to withstand almost any weather, from heat and cold to rain, snow and wind.
The materials used for making channel letter signs are all resistant to the elements as well as to impact, they maintain the texture of their surface as well as their color without requiring any special maintenance. Your channel lettering will need some cleaning, ideally done regularly and if you use illuminated signage, your LED lights or neon will need to be replaced eventually, but the types of lights used for channel letters is very long-lived, so you can rely on your lights for thousands of hours of operation.
You can use channel letters without illumination, but for more impact, you can also choose channel letters that are lit with energy-efficient lighting, such as LED lights. The light sources can be installed either to the front of the letters or to the back, behind the letters so that the light that they emit hits the back of the letters and create a halo effect. The LEDs used with channel letters are very efficient and they emit a very bright light, suitable for making your lettering visible even during the day and even when the sun’s rays hit the letters directly. LEDs are also very economical, their low energy needs make sure that your illuminated channel letters will be cheap to operate and friendly on the natural environment as well.
According to a sign company Denver CO professional, channel letters are suitable for executing any design; any shape and any color can be used, even textures and special illumination solutions are available. Being custom-made, to the client’s exact specifications, channel letters can feature corporate logos as well as text in a unique, attractive way that grabs attention like no other signage solution. The three-dimensional nature of these signs add even aesthetic appeal and it also multiplies the design solutions that you can use with your channel letter signage, such the combination of various styles for an eclectic and distinctive appearance.
An Efficient, High-Visibility Advertising Tool
Whether you have a small, local shop or you run a franchise business, your channel letter signage will promote your business in a very efficient way. The letters are great for impressing your customers with your professionalism, to inspire trust and to create a lasting memory.
What Does A Water Damage Restoration Company Do?
July 22, 2020
If your home or your commercial building has been severely damaged by a flood, by excessive rain, by a burst pipe or by some other process that has led to the penetration of water into building parts where there is no place for excess moisture or ponding water, the best way to act is by hiring a water damage restoration company to extract the moisture from your building and to help you mitigate the damage. Here is how your Denver water damage restoration companies will handle your building damaged by water.
Ensuring Safety and Damage Assessment
The first thing that your water damage restoration team will check after they arrive is whether the area that has been affected by the water damage is safe to enter. They will disconnect the electricity and the gas supply to eliminate the risk of electrical shock and gas explosions, then they will enter into the damaged area to assess the damage. In that phase, you can ask all your questions about how the damage restoration will be handled.
Water Removal and Drying
The next step in the damage restoration process is the emptying of the room and the extraction of the water. You team will install high-capacity pumps that remove as much of the excess water as possible. When the work of the pumps is complete, the damage restoration team will take care of the drying process. They can use strong ventilators and other devices to extract any lingering water from the air, from the walls and the floor as well as from any items that could not be removed from the room.
The phase that follows the extraction of ponding water and moisture is the cleaning of the room. This is an important phase, no matter what caused the leak, and it has special importance in the case of water damage caused by flooding. Flood water usually contains lots of harmful chemicals and contaminants that can cause very serious illnesses, therefore everything that has come into contact with flood water needs to be cleaned with professional methods.
The cleaning after the water has been removed should involve the cleaning of the walls, too. Plaster, drywall and insulation absorb water very quickly. The materials are also thick, so leaving them to dry out on their own might take very long – the process might not be complete for years and poses the risk of the appearance of mold and mildew in the building. The best way to prevent the issue is by removing the plaster, the drywalls and the insulation that has been affected by the water damage, then to restore the walls when their water content has been reduced to the minimum. Some, not all, Denver water damage restoration companies are also licensed building restoration companies that you can hire for restoring your walls and floors – if you can, hire a water damage restoration company that provides such services as well. If there is no such company available in your area, contact a building restoration company for the process.
How Much Should I Expect to Pay for General Liability Insurance For My Business?
July 21, 2020
General liability insurance is a type of mandatory insurance policy for businesses that provides coverage for general claims related to bodily injuries and property damage resulting from your business operations, your products and services, but not for the injuries sustained by your employees, for the auto damage sustained by your commercial fleet, for punitive damages or intentional damage. According to statistical data, the median cost of general liability insurance policies is around $42 per month, but how much your business will have to pay for your general liability insurance is determined by many factors. Here are some of the most important ones.
Typical Industry Risks
The risks typically involved by your business activity is among the most important factors that will determine the costs of your policy – the businesses in high-risk industries are usually required to pay more for their policies. For example, the activities of a construction business involve more risks than the activities of an IT consultant, therefore the insurance premiums will be higher for the construction business. The businesses that use chemicals and carry out their activities on someone else’s property, such as cleaning companies or landscaping businesses are also considered to be higher risks than computer businesses or other businesses that do all their work from their offices.
The higher the limit that the general liability insurance Colorado policy covers for, the higher the costs. The most common policy limits are around 1-2 million, that is the limit that most small businesses consider sufficient.
Tips for Reducing Insurance Costs
There are several methods that you can use to reduce the costs related to your general liability insurance:
- Purchasing multiple policies in a bundle – many insurance carriers provide substantial discounts to businesses that purchase multiple policies from them. Businesses are required by the law to have several different types of insurance, such as workers compensation insurance, auto insurance and others – if you decide to buy all of them from the same insurer, you can benefit from substantial cost savings;
- Make an upfront payment – most businesses pay for their insurance policies monthly, even though that is not the most economical solution. Making one upfront payment to cover your insurance costs for 6 months or for a year will allow you to benefit from substantial discounts;
- Risk management – enhanced risk management procedures will not only make your operations safer, they will also be good for your budget. Many insurance companies are willing to offer discounts to businesses that can prove that they are taking steps to reduce the risks related to their operations through active measures. Enrolling your employees into safety and risk management training programs, investing into the enhanced safety of your premises, the usage of work safety checklists and regular safety audits can all give you discounts. If you have such measures in place already or if you are planning to implement some, contact your insurance carrier to find out whether they offer such discounts or, if you are looking for a new insurer, check out their policies for handling such enhanced safety procedures.
Taking a Close Look at the Advantages of Training to Be a Diesel Mechanic
June 26, 2020
One of the most exciting fields to work in when it comes to the hi-tech industries of today is the diesel mechanic field. While you can become a diesel mechanic just by learning about the various diesel systems and how they work, being a certified mechanic has a lot more perks, and the education and learning process required is not all that long.
What Can Being a Diesel Mechanic Do for You?
So, what does it really mean to be a diesel mechanic? What are the benefits and opportunities that will open up to you if you become one? And how much can you really earn? Let’s take a look at all these details below:
- The first and most exciting reason why you might want to consider becoming a diesel mechanic is that you’ll be working with some of the most powerful and impressive contraptions that work on four wheels. Diesel engines produce greater torque than a regular internal combustion engine, and they are frequently used to power large vehicles and high powered locomotives.
- Unlike being just a regular auto mechanic, becoming a diesel mechanic is a more specialized job and can often pay better. By learning how to fix a diesel engine, you can find gigs that regular auto mechanics will pass on and get a better chance at a higher paycheck. The pay that even an entry level diesel mechanic can earn usually starts around $15 per hour, and it can go up to $22 to $35 per hour, if you manage to increase your skill level and experience after a few years.
- Becoming a certified diesel mechanic is a relatively fast process. Although nothing beats experience, the process of finishing diesel mechanic trade school and getting your ASE certification to become a fully certified diesel mechanic will only take about a year and a half. Then, as long as you feel ready for it, you can already begin your practice and get to work on fixing diesel engines.
- You get to develop your technical skills and knowledge. Even if you don’t want to make a career out of being a diesel mechanic, it can be a great stepping stone towards learning more about complex engines and improving on your technical abilities. For instance, it can be a good launching ramp for learning to fix larger and more complex engines, such as those used to power large airplanes and boats.
- One of the most exciting career paths for someone who becomes a diesel engine mechanic is in the field that researches new technology and new developments in the interest of improving the performance and efficiency of existing diesel engine models. As a certified diesel mechanic, that line of work will also open up to you along with many others.
Work and Fun – Both in One
Probably the greatest thing about becoming a diesel mechanic is the exciting and virtually never-ending process of learning through practical results. As you discover new, unexpected malfunctions and challenges, your skill will grow and you will become more knowledgeable. This process will keep continuing throughout the years of experience you gather, helping you climb the ladder to becoming a better, more skilled and more accomplished diesel mechanic and expert with each passing year.
What Differentiates an Oral Surgeon from a General Dentist?
May 16, 2020
General dentists and oral surgeons are the two types of doctors that you can turn to for the treatment of your dental problems. While they are both dental specialists, they do not commonly treat the same types of affections and they do not perform the same types of treatments – here is what they do.
What General Dentists Do
General dentists are the doctors to turn to for primary dental care – if one of your teeth develops a cavity or starts aching, if you need professional dental cleaning or you are looking for advice about dental care, it is a general dentist that you should contact.
The affections most commonly treated by general dentists include cavities, minor root infections, dental plaque and broken tooth, while the most common treatments include the application of fillings, bondings and veneers, dental cleaning and whitening and the application of dental crowns and bridges.
Any visit to a general dentist starts with a discussion of your dental problem, followed by a detailed inspection performed by the specialist to reveal all dental issues and by the actual treatment. Your general dentist will make treatment recommendations or, if the problem is beyond their competence, the doctor will refer you to an oral surgeon.
General dentists are the doctors to turn to if your child has a dental problem as well – most general dentists treat children as well and they can make recommendations about dental realignment solutions or refer you to the right orthodontist as well.
What Oral Surgeons Do
If your dental problem requires more specialized treatment, such as extraction or other types of surgical interventions or if you need a dental implant, your general dentist will recommend you to turn to an oral surgeon Buffalo Grove offers. Oral surgeons, also called maxillofacial surgeons, are trained and qualified to perform surgical interventions that involve the oral cavity and the jaw area – they usually complete the medical training that dentists do, then they follow further specialization courses and they also complete a full residency in maxillofacial surgery.
The most common procedures that they perform include the extractions of wisdom teeth and other teeth, the treatment of temporomandibular affections, the application of dental implants, the removal of clogged salivary glands and other growths in the oral cavity and various surgical interventions for the correction of facial or jaw problems. Oral surgeons are the specialists to turn to for the diagnosis and the treatment of pathological conditions, such as tumors or cancer – if any biopsy or imaging investigation is needed, the situation is best handled by a specialized maxillofacial surgeon.
When looking for an oral surgeon, it is a good idea to turn to the specialist you have been referred to by your general dentist. Oral surgery being a huge discipline, oral surgeons usually specialize in certain areas – for example, a surgeon who specializes in reconstructive surgery might not be an expert in dental implants. As general dentists usually cooperate closely with multiple oral surgeons, your dentist will surely know which surgeon you should turn to with the affection that you have.
Can a Handyman Use a Storage Unit as a Shop?
April 6, 2020
Storage units are used quite frequently in this day and age. If you have something to remove from your home, or you’re moving to a new house, then using storage units near me can be a great idea. Also, when you want to stash away valuables and precious supplies that you can’t do without, it can be a good idea to rent a storage unit and keep it close to your home, so you can access it without difficulty.
When it comes to running a business from a storage unit, you might think that it’s a good idea, since it helps you get rid of expensive rental costs and manage your entire business in a more convenient and quick manner. Unfortunately not all types of businesses can be run from a storage unit, since there are requirements and necessities that simply cannot be met without having an office or a commercial building that will house certain, large equipment or tools. However, as a handyman you’ll find you don’t have to deal with this problem.
A handyman can easily run their business from a storage unit, because the basics of what they need can be kept there without difficulty. Your tools and materials can be stored securely in your storage unit, and you can keep only the most essential tools in your car or pickup truck. Once you need something for a new project or job, you can easily drive to the storage company’s HQ, take what you need, and be on your way.
Instead of renting an office space, which can be excessively expensive, you can reduce the costs of running and marketing your business by managing everything remotely and on the go. Online marketing can serve as your main source of traffic and leads, and you can communicate with prospects on social media to help them solve basic problems and provide them with information about your business.
Once a client calls you, setting up an appointment is all but unnecessary at first. You can provide them with your estimate and see if they are interested, then you can simply get your tools from your storage unit and get to work.
A storage unit can also act as a temporary headquarters, in case you need to accept an order of supplies or store common spare parts to ensure that you don’t have to wait for them and that your future projects go smoothly. It can even help you ensure that sensitive tools, such as measuring devices and power sources, can be kept in good condition, through the quality metallic materials used for the walls by most storage providers and through features like climate controlled storage, which you can buy at an additional cost.
Avoid Rocks on Road to Keep Your Windshield from Cracking
March 9, 2020
Every driver has heard about or may have even encountered a situation where a pebble from the road is lifted by traffic, strikes the windshield and causes a crack. Actually, when we see cars in traffic with the windshield cracked, this immediately makes us think about a pebble incident, because this is the most frequent cause of windshield damage. Luckily, minor cracks can be repaired quickly and efficiently at a specialized service. Extensive damage however may require windshield replacement.
One of the main reasons why your car fails the technical inspection is the presence of a simple crack in the windshield. You might think this a bit of an exaggeration, but it is not. But why so strict about the windshield cracks? Because a crack continues to expand and, if you are not careful, it can lead to complete breaking of the glass surface. Besides, a cracked windshield no longer has structural integrity and, if you travel at high speed, when the air presses strongly on the glass, you risk breaking it completely and getting glass chips in your face that may hurt you or involve you in an accident. So, although at first glance it may seem like nothing at all, a small crack in your windshield can have serious effects.
But going back to the initial problem of rocks on the road striking the windshield… Such an incident may happen when another vehicle is moving in front of us or is coming from the other direction of the road. Most of the time, you will only hear the noise, while the windshield remains intact. But not everyone is as lucky, and a rock on the road can cause damage that may even require changing the windshield.
Drivers are advised to pay attention to road signs, and on road sections marked as dangerous from this point of view, to reduce speed and to maintain a greater distance between vehicles. You cannot really hold anyone accountable when such an incident happens, because there is no way to avoid pebbles on the road. All you can do is drive in ways to prevent damage.
When your windshield it hit by a pebble and you notice a crack, the most important thing is to contact Byers windshield replacement near me for repair service. It is not advisable to drive the car to a service, especially if the crack is large, because a damaged windshield is not stable and may fail at any time, putting your personal safety in danger.
As long as the damage is minor, repairs are possible and not very complicated. Chips must not exceed the diameter of a quarter, and cracks should be no longer than three inches. The repair price will depend on the dimension and severity of the damage. The work will take about an hour and, in the end, you should receive a guarantee.
Once cracked, a windshield is vulnerable, gives off very easily, and other cracks will continue to appear, because the car is exposed to vibrations as well as to sudden changes in temperature that will increase your problem if you do not address it promptly.
Can You Make A Storage Unit into a Man-Cave?
February 5, 2020
If you have been long dreaming to have your own man cave where you can enjoy your favorite manly pastime, such as working out, gaming, playing cards with friends, enjoying your favorite music or other, but you have no room to create that space in your home, you still have two great options: you can either rent a unit in a storage facility and configure the space you need inside your rented unit or you can get a shipping container of your own and set up your man cave on your own property in that container. Here are some tips and options for you.
How to Make the Most of Your Rented Storage Unit
Mini storage Fort Smith AR providers offer units of various sizes for rent and there are also several equipment levels to choose from. Outdoor storage spaces are usually suitable for vehicles and other bulky items that are not sensitive to the weather, so they are not the best options for man caves, but you still have two other options: temperature-controlled units that come with heating to maintain interior temperature comfortable and climate-controlled units that add humidity-control to temperature control.
Beside the location and the level of equipment, you also need to choose the unit of the right size. Figure out exactly what you want to move into your man cave, measure each of the items and consult the facility’s sizing guide to find the unit of the best size.
Use Shipping Containers to Set Up Your Man Cave on Your Own Property
Many storage facilities offer units configured from shipping containers, so there is no reason why you cannot do that, too. The large boxes made from sturdy metal, with reinforced walls and hinged doors are perfect for setting up your own man cave. The steps of the process are the same as in the case of rented units: you need to figure out how you want to furbish and equip your space, then choose the container of the right size and buy it. Expect container prices to range between $1,500-5,000, the overall costs of the set-up depending on the features that you want in the container. Your costs will increase if you decide to add insulation, multi-pane windows, heating and special flooring in your container. However, if you have your own container, you don’t need to pay for all those features in one go – you can take your time to enhance the comfort in your space little by little.
Other Aspects to Pay Attention to
It is a good idea to consult your local building regulations and HOA covenant (if your neighborhood has a HOA) or to consult a local construction specialist to find out whether there are any special requirements that you must respect in terms of the location of your container-man cave, the colors used on the exterior and other features. If your shipping container space does not comply with local regulations, you might be made to remove the structure and that is surely that you want to avoid.