Searching For the Perfect Business

Ah! The perfect deal! How we all fantasize about finding it. No doubt you have heard a story similar to the one about the guy who finds the barely used 1957 Corvette stashed in the back of someone’s garage. It has sat there unused for years. The owner just wants to get rid of it and agrees to let it go for a song.

Sounds great, doesn’t it? Unfortunately it is rare that this ever occurs at auctions and estate sales, and it is even rarer that it occurs in the world of deal-making or business acquisitions.

But still, even in today’s tough economic climate where lenders are tightening their purse strings and our government is conjuring up ways to implement new taxes, I continue to get buyers calling me and giving me a 60 minute exposition on the business acquisition they wish I would help them acquire. But alas, imagine their woe when after my patient listening and patient rebuttal, they are fated to discover that what they are looking for is in fact, a perfect deal, and thus does not exist.

On the surface I understand and recognize they want to make sure they get the best value for their dollar they can possibly achieve. But the reality of the situation is there is no such thing as a perfect deal.

First, let me explain what I am talking about when I say the “perfect deal.” In the world of business acquisitions, the perfect deal would be the buyer finding the convenience store that has the right size building; located at the best spot in town; has updated pumps and credit cards systems; the roof, air conditioning and cooling units are fairly new; has a profitable foodservice program with minimal competition; has a high volume of fuel gallon sales; and has consistently high inside sales (but with not a lot of cigarette sales). In addition, the seller is very motivated and is willing to sell the store below the current market value of a c-store.

Have I got your attention? This would be pretty close to the perfect deal. Everybody has different criteria, but this will give you a general idea as to what I am talking about. Are these kinds of deals out there? Absolutely. Are they plentiful? No.

The reality is that almost all deals will “have some warts on them.” There is generally going to be something that is just not right about the deal. Maybe it has a great location, but the assets are a bit run down. Perhaps it does a great business inside and out, but the size of the building is too small for expansion in the future. Maybe it has a branded obligation that cannot be changed and the buyer is not interested in becoming part of the new brand. There are many different things that will come into play when looking at acquiring a convenience store.

My point is, there are a lot of great opportunities in the world of business acquisitions, but you first have to understand that there is no such thing as a perfect deal. Once this realization has been met, then the search becomes realistic, and you can find a really good convenience store or group of stores that are available to be acquired with most of the criteria you are looking for at a fair price.

Just this week I was presented with a group of eight convenience stores that an owner wanted to sell. Is it the perfect deal? No. Three of the stores are leased properties and five of the stores are owned in fee. But they are all profitable and have a great upside. Upside is the part of any deal that a buyer should be seeking. What is the upside of this acquisition? The buyer knows he will have to invest money to acquire these stores; however, based on his expertise and knowledge in the operation of c-stores, it is also known that by adding certain items and maybe changing the floor plan and a few other things, he can raise the sales too. This means there is plenty of upside for him in this transaction and that the new profits generated from changes made are going to be his.

All of the hard work has already been done. By this I mean it is a lot easier to take an existing business and build it to a new level than it is to build a business from scratch and not know if or when you are going to make a profit. You see, when you buy an existing business, you have a cash flow from the very first day you take over the operations.

So put on your deal-making hat and take off your rose-colored glasses, and you will see there are many opportunities available for those hardworking owners of c-stores who are looking to expand and find some very good (but not perfect) deals In today’s marketplace.

What Does it Takes to Start an Internet Business?

So you have decided to start your own internet business. Have you been seeking for opportunities on the internet? Some of the online opportunities seem too tempting to ignore when you search in Google for search term like, “Start An Internet Business”, “Make Money Online”, and “Make Money On The Internet”.

Enticing phrases and advertisements consistently urge you on in starting your own business on the Internet. Having an internet business is a way out of the rat race but it takes work and understanding the nuances of it to make it work for you. Venturing out into an internet business is not a risk many people are willing to take.

However, statistics reveal that around 86% of those who attempt to earn cash from home fail and you may not want to be a part of it. This result in widespread skepticism could deprive you from benefiting from starting an internet business.

It is indeed possible for you to make a six-figure income by starting a home based business on the internet. Having your own business is fun.

When observed closely, it is not the business but you who fail, when you consider starting your own business. There are hundreds of ways for you to make money from home and making money on the internet requires you to be in the right mindset.

You must be ready, emotionally, financially and mentally, before jumping into the bandwagon.

Valuable secrets and tips, which others have gathered through exhaustive exposure to personal experiences, various modes of education, counseling, coaching and training will helps.

The empathy such authors have for people like you who have been struggling to earn money online motivated to share their views and secrets, which will act as guidance as you go about how to make money on the internet.

These secrets and tips will be very useful for you.

Business entrepreneurs observed their income flourish in multitudes when they applied their knowledge and experience persistently and it should produce similar results for you.

So, what did all the information invested thousands in, produce? Ideas for starting your own business. It believes that if it worked for them, it should work for you when you start your internet business.

“Insider Secrets To Building A 6 Figure Income” book will definitely prove to be a paradigm shift for you as you embark on starting your own business. Make money on the internet will become a much easier task; if you follow apply the secret tips mentioned in these materials.

An International best seller by Robert Kiyosaki, ‘Rich Dad Poor Dad’, impacted the mental approach of many entrepreneurs towards life and they soon realized that it would positively affect you. It is therefore advisable that you must incorporate these tips into your business strategy.

One such entrepreneur realized that his parents believed in the same system as the poor dad in Robert Kiyosaki’s book did; which was to study hard and obtain a degree and proceed to work hard throughout one’s life. This system will not help you to realize your dreams in starting a home based business on the internet. A different system has to be followed if you are planning on making money on the internet.

He indulged in the stock markets, real estate and many other business ventures. Yet, none of them appealed to him as much as it does to start a home based business on the Internet. Starting your own business requires you to gain knowledge pertaining to the specific field.

Despite the struggle, he persisted just like you should when looking for ideas for starting your own business. His mentors advised and counseled him to take massive action.

Massive action has to be taken when you go about ways to make money fast.

To succeed in anything, even when starting your own business on the internet; you have to take massive action. Otherwise, there will be no results. Did he see results?

Yes, the results began to pour in like a raging forest fire and it still burns fiercely and brilliantly! making money on the internet is a fantastic idea but the processes have to be executed well for you to succeed.

So, bear in mind that this secret has to be applied into your life if you plan on starting your own business.

Venture Capital: Presenting Business Plans to New Investors

The new generations of entrepreneurs who have developed their business to the point of needing investors to build larger, are hesitant about giving up control of their business. CEOs that are raising capital for their business want to know that the investor can bring a benefit to their business. Entrepreneurs are more likely to give up some control of their business, if they feel solid chemistry between them and the investor and if the investor has great skills with plenty of contacts to help grow the business.

Venture capital firms are looking for businesses with solid business plans that are realistic. The business plans should outline the financial planning for the future growth of the business that covers all aspects. The plans should prove beyond a doubt that the projected plans are solid and why more financing is needed. Documents need to show how much money is needed so the business can grow into profitability.

Most investors are also looking at those businesses where the owner has put up his own money for the success of the business. If the owner is willing to take the risk on himself, investors seem to be more willing to put up the extra capital needed. Entrepreneurs who are willing to take a personal risk are usually harder working at making the business grow.

When presenting the business plans to investors, make sure the presenter has a good knowledge of management and can be forceful in bringing the facts to the table. Make sure the whole team presenting the business plans to potential investors, are well versed on presenting the plans. Investors want to see a positive attitude from those that are going to be running the business and spending the money from the investors.

Investors will want to see financial statements and budget plans for the business. If the business is, up and running create a quick layout of the financials and how the business is doing. Investors are not looking for a perfectly financially sound business. They are looking to see how the finances are handled and what improvements need to be addressed.

Capital investors are in great demand. Make sure that all the business plans are completely prepared properly and that all presenters are equipped with the right financial reports, charts and budgets for the business. A poor presenter could diminish the chances of the business gaining the financial money needed to grow or expand a business. Investors will ask all sorts of questions and the answers need to be the ones the investors are looking for without any hesitation from the presenter. Presenters need to know the business inside and out and be able to have the patience for answering questions from more than one investor.

The final step would be to show exactly how much money is needed and how it will be spent to improve the business for future growth. Do not inflate the amount of money needed. Investors are very knowledgeable about business finances and do not play games when investing their money.

Internet Network Marketing Business – Six Keys to Success

Network marketing has gotten a bad rap over the years with most companies setting you up for complete failure by telling you to make a list of all of your friends and family and then pitch them to get them involved in your business. How can that be a good thing? For most people, their friends and family are the ones that have heard them say over and over again, “This idea is going to be the big one!” just to see them fizzle out and move on to the next latest and greatest thing. So, these six keys to success in your internet network marketing business are the foundation you MUST follow if you want to succeed in your own home business:

The First Key To Success In Your Internet Network Marketing Business: you must follow the BE>DO>HAVE Formula. You have to become something inside yourself before you can have it in reality. You have to stamp the imprint onto your brain that YOU ARE NOW AN INTERNET MARKETER! This must now become a part of who you are in order to succeed in your internet network marketing business.

The Second Key To Success In Your Internet Network Marketing Business: you have to choose the right vehicle/business – tailored to your specific personality and lifestyle. For example, you wouldn’t most likely go 4-wheeling in your brand new Ferrari now would you? You would most likely choose a suitably equipped 4-wheel drive vehicle for this task. The same applies to your business matching your personality. You want to make sure that your business plan excites you or you’ll never get it off the ground!

The Third Key To Success In Your Internet Network Marketing Business: you want to have the best training available that gives you step-by-step instructions on how to become successful at your new venture AND be simple to implement as well. Most business models are great in concept, but how are they when it really counts? I’ve found from years of experience at this that most need a “superstar salesman” to make them work. You want something simple and straightforward that a “regular” person can learn and implement.

The Fourth Key To Success In Your Internet Network Marketing Business: now that you’re learning the business, you have to start driving high quality, targeted traffic to your businesses website. Notice I didn’t say “know the business inside and out” – or “analysis paralysis” as it is called – remember this: you don’t have to make it perfect…you just have to GET IT GOING! Failure to do so will make or break your internet business just the same as it will in ANY business.

The Fifth Key To Success In Your Internet Network Marketing Business: is proper communication. Once you start getting people interested in your business and they start working with you, you have to stay in touch with them, help answer their questions, teach them, lead them. Great leaders are hard to come by. Become one and you will RULE THE WORLD!

The Sixth Key To Success In Your Internet Network Marketing Business: You must never rest on your laurels and think “Ahhh, I’ve finally arrived”! Even though you’ll have plenty of freedom this is still a BUSINESS. Businesses must be operated. Usually by people! You have to continue to learn the latest techniques and stay ahead of the latest trends. Right now online, the latest trends, as you may have seen, are social media websites such as Facebook and Twitter. They allow you to connect to large amounts of people all over the world – in an instant. You must continue to grow in your business life and in your personal life in order to feel like you are truly successful. My grandfather always used to tell me: “Once you stop learning, that’s when you start dying.” Trust me, it’s great advice to live by!

Well, that’s it. That is the actual outline that I live and work by. In my next series of articles, I will actually break down each of the six keys one by one in detail and explain precisely how you can use each one to start and succeed in your own internet network marketing business.

In my next post, I am going to break down the BE>DO>HAVE Formula in minute detail. OK. I’ll give you a little hint now. Here it is. Nature demands that you BE someone who does things in a certain way before you can DO those things that way in order to HAVE those results in your life. Let me say that again. You have to BE someone who does things in a certain way before you can DO those things that way in order to HAVE those results in your life. That formula alone, when applied properly, will change your life forever!

I’m also going to give you some simple techniques that, if you TAKE ACTION on them and actually practice them regularly, you’ll feel so motivated and determined that you will become a virtual cash machine! So get ready for the next installment. It’s going to be life changing! Stay tuned…