Importance of Independent Valuation Services

Importance of Independent Valuation Services

Successful businesses build their reputation on their success in specific areas. Business valuation services are no different. An accountant may be able to guess at an approximate value, but independent licensed certified business valuation services are better versed in the details of a valuation. This idea is comparable to other specialty businesses. For instance, plumbers become certified in plumbing and can be relied on to know all of the ins and outs of this trade. They do not sell electrical services because that is not the field they are an authority in each and every day.

The Importance of Giving Responsibly

The Importance of Giving Responsibly

Encourage Giving – Donate Responsibly. It is always best to give cash, not personal belongings (or similar goods). What you may have in your household may not be needed in a disaster, unless asked for. Household items and old clothing can pile up quickly, and become an additional burden to organizers. The cost of shipping and sorting is also high, and such donation can actually get in the way. Consider selling your items and then donating the proceeds instead. Cash allows relief organizations to quickly get what is needed to those who need it the most.

Improving Employee Retention – Productivity Pyramid ® can help

Improving Employee Retention – Productivity Pyramid ® can help

If monthly coaching sessions are held, how easy do you think it would be to hold an employee accountable? Much easier than an annual review. When it comes to having a successful company, employee retention is an important factor that can help you to get there as if you are always recruiting, your workload can increase and may affect the productivity of your employees in the long run. In order to improve upon this, you need to consider the value of your high potential employees and blogs, like those that can be found at Together can help you to keep ahold of the workers that help to make your company the success that it is. Not only that, but monthly coaching sessions can also help to make a big difference.

Historical numbers do not necessarily reflect the future

Historical numbers do not necessarily reflect the future

Historical numbers do not necessarily reflect the future. At Excel Management Systems, I like to analyze and calculate two to six Income Method valuation calculations. Many times a historical number does not reflect the direction of the business performance for the future. Many times a historical number does not reflect the direction of the business performance for the future. With just one number, the user only has a myopic view of what the company value may be.

80/20 Customer “Gold Program”® – Business Optimization

80/20 Customer “Gold Program”® – Business Optimization

Methodical strategic development of proactive customer service can yield large revenue growth from your existing customer base. 80/20 Customer Gold Program®, Business Optimization were topics Rhonda will implement from Dale Richards Business Optimization and Valuation Presentation. Rhonda is CEO of a telecommunications company in Houston, Texas. Dale was there one week after the hurricane flood but the group took a break and gained valuable business insights from Dale Richards’ presentation on Business Valuation Principles – How to Increase Your Business Value, Financially, Operational and Strategically.

Productivity Pyramid ® – Business Fundamentals with Dale Richards

Productivity Pyramid ® – Business Fundamentals with Dale Richards

What is the productivity change for an annual employee review system? As a five-year Vistage Chair, we have had several speakers that indicate that an annual review has zero or negative impact on employee productivity. Keep in mind that the team must work towards the same preset goal while each is using their own skills. This does not mean that any skill is worth more than another. The key element is to recognize your weaknesses and fill your team with stronger members that can improve your business. Learn the keys of delegation and hold the team responsible, then reward for quality performance.

What are some typical Company Goals?

What are some typical Company Goals?

Next, each employee is asked to develop (with the help and guidance of their supervisor) six-eight goals with one as a personal goal (such as losing weight, gym workouts, reading books, visiting shut-ins, etc.) Now the magic of turning supervisors from critics to coaches. Each month schedule one hour per employee to go over WAYS THAT YOU BOTH CAN HELP TO ACHIEVE THE EMPLOYEE’S GOALS. Try incorporating all of the characteristics shown above for a good coach. What happens is the employee’s annual goals magically get completed in two-three months.

Coaching Concepts and Practice Session

Coaching Concepts and Practice Session

Coaching Concepts and Practice Session The rule of thumb is if you lose an A performer, it takes you 3 years of salary to get them back. Having goals accountability and rewards for your team ensures that you keep your A performers because it’s a huge expense to get another one back.. Have you ever had a good COACH? This often occurs on an athletic team. What are the characteristics of a GOOD COACH? Encouragement, teaching, and helping to improve skills, immediate feedback, patience, to name a few.

Multiple – Complex Valuation Models

Multiple – Complex Valuation Models

The assumptions from using my methods can reveal how the company may achieve a higher level of performance and value. In a negotiation, an owner can push a higher value by emphasizing the reasons and circumstances that would create that higher value. One value number probably does not tell you the real potential or value of the business. Two to five numbers give you a good range of values and provide solid data sets, to see where the value of your company may be.
It is recommended that a business valuation be done every two years. With my nine methods and calculations, it can be used as a metric for management performance.

Can Business Valuation Services Get You More Money for Your Business

Can Business Valuation Services Get You More Money for Your Business

The primary role of financial business valuation services companies is to find out the actual value of your company. If you have decided that you are ready to sell your business, it is very important to enlist the services of a professional business valuation company to help you through the entire process. Selling a business can be both stressful and difficult, thus it is important to have someone in your corner who has the necessary skills to fight for your best interests when necessary.

There is no Perfect Age to Begin to Volunteer

There is no Perfect Age to Begin to Volunteer

Volunteers are more engaged when they are solving real world problems. There are a lot of prospective volunteers just waiting to connect with the right opportunity. I am intrigued by the emerging opportunities to potentially design volunteer positions that fit the life styles of the modern workforce. Charities that attract prospective volunteers from outside their comfort zones have really done their homework. For instance, Habitat for Humanity, and the National Park Service have leveraged the existing volunteer structure and added that personal connection. A connection that helps to turn prospective volunteers into committed ones.

How Often Do You Need A Business Valuation

How Often Do You Need A Business Valuation

It is recommended that a business valuation is done every two years. With my nine methods and calculations, they can be used as a metric for management performance. My Top Seven Ways to Increase Your Business Value are also included in my book . It is important that you know how to identify what your business needs are. With 25+ year’s as a turnaround expert – I can help you turn your business around, and help you identify those key areas you might be missing.

Volunteering – Giving Back and Why it Matters

Volunteering – Giving Back and Why it Matters

Think of what it is you want to do gain from volunteering. Then get out there and experience a new challenge. Meet new friends, and help make your community a better place to live. “When children learn to improve their communities, they develop the capacity to organize others. They acquire problem-solving, planning, time management, and marketing skills. They learn about community agencies and how local governments work. Experiences that involve teamwork, collaboration, and interaction are training grounds for future organized citizens, people who set goals, work within established systems, and motivate others to help. These kinds of citizens coordinate food drives, develop recycling programs, or take part in community-action committees. In the middle years, children can learn the organizational and leadership skills that enable them to take more active roles in their communities as young adults.”

(NYSE:IBM) Valuation Review & Update – EBITDA Yield &  Profitability

(NYSE:IBM) Valuation Review & Update – EBITDA Yield & Profitability

The EBITDA Yield is a great way to determine a company’s profitability. The FCF Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The average FCF of a company is determined by looking at the cash generated by operations of the company. The Free Cash Flow Yield 5 Year Average of International Business Machines Corporation (NYSE:IBM) is 0.077155

Productivity Pyramid ® & Valuation Principles

Productivity Pyramid ® & Valuation Principles

If your company is getting to the stage where you want buyout a company or maybe complete a merger. You will need a valuation for that. In finance, valuation analysis is required for many reasons including tax assessment, wills and estates, divorce settlements, business analysis, and basic bookkeeping and accounting. Since the value of all things will fluctuate over time, valuations are as of a specific date. Valuations do not last forever; you will need to get them whenever a big event comes up. Remember value always changes.

Proactive Customer Service using the  80/20 Customer “Gold Program”®

Proactive Customer Service using the 80/20 Customer “Gold Program”®

What is a typical response to close a conversation with a customer? “Thanks for the order and have a good day.” With the correct methodology, a company can build their brand significantly for very low cost. 80/20 Customer Gold Program® Dale Richards, Excel Management Systems, Inc. provides key steps to increase 2X-4X revenue, profits and value according to Dr. Jeff, Dallas, Texas. in Dale’s key Business Valuation Principles – How to Increase Your Business Value, Financially, Operational and Strategically. Listen and learn.

Volunteering – Stepping Outside your Comfort Zone

Volunteering – Stepping Outside your Comfort Zone

Volunteering – Stepping Outside your Comfort Zone. Giving out of your own need is the best medicine of all

Volunteer opportunities help people learn about themselves. You are working outside the box, outside your comfort zone, and allowing new experiences to help mold a better you. For example, when a construction worker attends a Humane Society Animal Adoption Day, and that person will walk away with a better understanding of the benefits of owning a pet, and how those special animals make people feel. Pets can change the way someone reacts to stressors, just by petting them.

Tribal Knowledge vs. Systems

Tribal Knowledge vs. Systems

There are 2 ways to create systems

a. When you design or quote a project, take a tape recorder, and instead of listening to music as you commute, tell me exactly every step you take to do an estimate. Where do you find it, where the numbers are, the tables you look at. Get a high school kid to transcribe it for $10/hour.

b. Or take someone and have them trained. Say, your job not only is to learn the job, but I want you to write down everything he does step by step exactly what you do.

Employee Performance-Productivity Monthly Coaching

Employee Performance-Productivity Monthly Coaching

When criticism is needed, use a technique such as the “Sandwich” principle: Two positive comments sandwiching the constructive thought. Also, a good coach using “Active Listening” techniques. This means that “listening” is more important than “telling” or “suggesting”. Especially at first; gather the facts, listen to understand the situation BEFORE suggestions are given. Work as a team to suggest and improve performance. This must be trained and practiced. If this: Goals – Coaching – Accountability – Reward system is implemented employee productivity and company profits will soar.